FIVE VISION LTD

Company Registration Number:
SC635847 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

FIVE VISION LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

FIVE VISION LTD

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

Restaurant



Directors

The director shown below has held office during the whole of the period from
1 August 2022 to 31 July 2023

Santanu R Chowdhury


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 September 2023

And signed on behalf of the board by:
Name: Santanu R Chowdhury
Status: Director

FIVE VISION LTD

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,946 5,261
Total fixed assets: 3,946 5,261
Current assets
Stocks: 4 3,000
Cash at bank and in hand: 12,549 5,587
Total current assets: 12,549 8,587
Creditors: amounts falling due within one year: 5 ( 13,409 ) ( 12,554 )
Net current assets (liabilities): (860) (3,967)
Total assets less current liabilities: 3,086 1,294
Total net assets (liabilities): 3,086 1,294
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,085 1,293
Total Shareholders' funds: 3,086 1,294

The notes form part of these financial statements

FIVE VISION LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 September 2023
and signed on behalf of the board by:

Name: Santanu R Chowdhury
Status: Director

The notes form part of these financial statements

FIVE VISION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Going concernAt the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.Judgements and key sources of estimated uncertaintyThe preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstancesThe estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference

FIVE VISION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

FIVE VISION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 11,957 11,957
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 11,957 11,957
Depreciation
At 1 August 2022 6,696 6,696
Charge for year 1,315 1,315
On disposals
Other adjustments
At 31 July 2023 8,011 8,011
Net book value
At 31 July 2023 3,946 3,946
At 31 July 2022 5,261 5,261

FIVE VISION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 3,000
Total   3,000

FIVE VISION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 600 600
Other creditors 12,809 11,954
Total 13,409 12,554