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Registered Number: 05965107
England and Wales

 

 

 

WIDE EYED VISION LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 504    756 
Tangible fixed assets 4 316    612 
820    1,368 
Current assets      
Debtors 330    415 
Cash at bank and in hand 163    1,672 
493    2,087 
Creditors: amount falling due within one year (30,405)   (19,128)
Net current assets (29,912)   (17,041)
 
Total assets less current liabilities (29,092)   (15,673)
Creditors: amount falling due after more than one year (5,302)   (6,899)
Net assets (34,394)   (22,572)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (34,494)   (22,672)
Shareholder's funds (34,394)   (22,572)
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 05 April 2024 and were signed by:


-------------------------------
Tudor Jenkins
Director
1
General Information
Wide Eyed Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 05965107, registration address 99 Brentwood Road, Brighton, East Sussex, BN1 7ET.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of  trade discounts.  The company is not registered for Value Added Tax. 
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 years Straight Line
Computer Equipment 3 years Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 2,520    2,520 
Additions  
Disposals  
At 31 October 2023 2,520    2,520 
Amortisation
At 01 November 2022 1,764    1,764 
Charge for year 252    252 
On disposals  
At 31 October 2023 2,016    2,016 
Net book values
At 31 October 2023 504    504 
At 31 October 2022 756    756 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 November 2022 2,528    20,041    22,569 
Additions    
Disposals   (181)   (181)
At 31 October 2023 2,528    19,860    22,388 
Depreciation
At 01 November 2022 2,528    19,429    21,957 
Charge for year   295    295 
On disposals   (180)   (180)
At 31 October 2023 2,528    19,544    22,072 
Net book values
Closing balance as at 31 October 2023   316    316 
Opening balance as at 01 November 2022   612    612 


5.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2