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Vision Comms (Wales) Limited

Financial Statements for the Year Ended 30 September 2023






Vision Comms (Wales) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: G R Summerfield





REGISTERED OFFICE: The Lodge Caerphilly Business Park
Van Road
Caerphilly
Mid Glamorgan
CF83 3GG





REGISTERED NUMBER: 08681123 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Vision Comms (Wales) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vision Comms (Wales) Limited for the year ended 30 September 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Vision Comms (Wales) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Vision Comms (Wales) Limited and state those matters that we have agreed to state to the director of Vision Comms (Wales) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Comms (Wales) Limited and its director for our work or for this report.

It is your duty to ensure that Vision Comms (Wales) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vision Comms (Wales) Limited. You consider that Vision Comms (Wales) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Vision Comms (Wales) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


6 March 2024

Vision Comms (Wales) Limited (Registered number: 08681123)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 131,718 120,413

CURRENT ASSETS
Debtors 4 1,597 564
Cash at bank 1,541,613 1,652,611
1,543,210 1,653,175
CREDITORS
Amounts falling due within one year 5 80,479 207,700
NET CURRENT ASSETS 1,462,731 1,445,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,594,449

1,565,888

PROVISIONS FOR DEFERRED TAX 24,900 4,100
NET ASSETS 1,569,549 1,561,788

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,569,447 1,561,686
SHAREHOLDERS' FUNDS 1,569,549 1,561,788

Vision Comms (Wales) Limited (Registered number: 08681123)

Balance Sheet - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





G R Summerfield - Director


Vision Comms (Wales) Limited (Registered number: 08681123)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Motor vehicles - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 year 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.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Vision Comms (Wales) Limited (Registered number: 08681123)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022 1,123 120,000 121,123
Additions - 38,750 38,750
At 30 September 2023 1,123 158,750 159,873
DEPRECIATION
At 1 October 2022 710 - 710
Charge for year 216 27,229 27,445
At 30 September 2023 926 27,229 28,155
NET BOOK VALUE
At 30 September 2023 197 131,521 131,718
At 30 September 2022 413 120,000 120,413

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 669 564
Other debtors & prepayments 928 -
1,597 564

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,143 122,171
Taxes & social security costs 70,277 83,012
Other creditors & accruals 2,059 2,517
80,479 207,700