REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 3 May 2022 to 31 May 2023 |
for |
Visionary Developments SN Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 3 May 2022 to 31 May 2023 |
for |
Visionary Developments SN Ltd |
Visionary Developments SN Ltd (Registered number: 14081276) |
Contents of the Financial Statements |
for the Period 3 May 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Visionary Developments SN Ltd |
Company Information |
for the Period 3 May 2022 to 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
20 egerton Close, |
Pinner |
Middlesex |
HA5 2LP |
Visionary Developments SN Ltd (Registered number: 14081276) |
Balance Sheet |
31 May 2023 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Visionary Developments SN Ltd (Registered number: 14081276) |
Notes to the Financial Statements |
for the Period 3 May 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Visionary Developments SN Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors |
Visionary Developments SN Ltd (Registered number: 14081276) |
Notes to the Financial Statements - continued |
for the Period 3 May 2022 to 31 May 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
The company was under the control of Mr. S Soneji and N V Eriemo, the directors of the company, throughout the current and previous year. |
Included within the creditors falling due within one year, advances of £44,192 were made to the following companies under the common control of the directors |
1 Ardg Ltd - 13,198, 278 AG Ltd, - £2,444, Living Lights Ltd - £18,550, & N & N Housing Group Ltd - £10,000 |
The company received an advance of £33,950 from Living Lights Holding Ltd, a company under the common control of the director. |