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REGISTERED NUMBER: 11634283 (England and Wales)















THE VISION SOUTH EAST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VISION SOUTH EAST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr A Baldwin
Mrs L E Baldwin





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 11634283 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,115 34,719

CURRENT ASSETS
Stocks - 75,000
Debtors 5 30,621 30,772
Cash at bank and in hand 3,988 1,241
34,609 107,013
CREDITORS
Amounts falling due within one year 6 (350,916 ) (146,113 )
NET CURRENT LIABILITIES (316,307 ) (39,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,192

)

(4,381

)

CREDITORS
Amounts falling due after more than one
year

7

(30,128

)

(32,144

)
NET LIABILITIES (286,320 ) (36,525 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (286,420 ) (36,625 )
SHAREHOLDERS' FUNDS (286,320 ) (36,525 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr A Baldwin - Director


THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

The Vision South East Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 2,333 - 42,874 1,248 46,455
Additions - 15,000 31,658 3,773 50,431
Disposals - - (6,663 ) - (6,663 )
At 31 October 2023 2,333 15,000 67,869 5,021 90,223
DEPRECIATION
At 1 November 2022 583 - 10,719 434 11,736
Charge for year 438 3,750 14,703 1,147 20,038
Eliminated on disposal - - (1,666 ) - (1,666 )
At 31 October 2023 1,021 3,750 23,756 1,581 30,108
NET BOOK VALUE
At 31 October 2023 1,312 11,250 44,113 3,440 60,115
At 31 October 2022 1,750 - 32,155 814 34,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,621 30,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,700 13,495
Other loans 2,016 2,016
Hire purchase contracts 32,454 -
Trade creditors 4,341 3,424
Amounts owed to group undertakings 107,054 53,923
Social security and other taxes 3,183 1,355
VAT 5,869 6,110
Directors' current accounts 173,579 65,070
Accrued expenses 720 720
350,916 146,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 2,016 2,016
Other loans - 2-5 years 28,112 30,128
30,128 32,144

THE VISION SOUTH EAST LIMITED (REGISTERED NUMBER: 11634283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. GOING CONCERN

At the balance sheet date the company was insolvent, however included within creditors is and amount of £173,579 owed to Mr A Baldwin, a director and shareholder of the company. At present there is no fixed date for repayment of this loan.