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Registration number: 06258900

R B Vision Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

R B Vision Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

R B Vision Limited

Company Information





 

Directors




 

R Booth

D M Battye

Registered office





 

Units 17 and 18
Dale Street Mills
Royd Street
Huddersfield
West Yorkshire
HD3 4QY

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

R B Vision Limited

Directors' Report
for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

R Booth

D M Battye

Principal activity

The principal activity of the company is that of provision of entertainment systems.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
R Booth
Director

 

R B Vision Limited

(Registration number: 06258900 )
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,140

16,922

Current assets

 

Debtors

5

7,062

11,361

Cash at bank and in hand

 

67,115

30,726

 

74,177

42,087

Creditors: Amounts falling due within one year

6

(58,653)

(61,612)

Net current assets/(liabilities)

 

15,524

(19,525)

Net assets/(liabilities)

 

30,664

(2,603)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

30,662

(2,605)

Shareholders' funds/(deficit)

 

30,664

(2,603)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
R Booth
Director

 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 17 and 18
Dale Street Mills
Royd Street
Huddersfield
West Yorkshire
HD3 4QY
United Kingdom

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computers

33% on reducing balance

Equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Improvements to property
 £

Equipment
£

Computers
£

Motor vehicles
 £

Cost or valuation

At 1 June 2023

6,792

22,526

4,040

38,661

Additions

-

419

791

-

At 31 May 2024

6,792

22,945

4,831

38,661

Depreciation

At 1 June 2023

-

19,780

2,868

32,449

Charge for the year

-

791

648

1,553

At 31 May 2024

-

20,571

3,516

34,002

Carrying amount

At 31 May 2024

6,792

2,374

1,315

4,659

At 31 May 2023

6,792

2,746

1,172

6,212

 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Total
£

Cost or valuation

At 1 June 2023

72,019

Additions

1,210

At 31 May 2024

73,229

Depreciation

At 1 June 2023

55,097

Charge for the year

2,992

At 31 May 2024

58,089

Carrying amount

At 31 May 2024

15,140

At 31 May 2023

16,922

 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,947

2,839

Other debtors

3,115

8,522

 

7,062

11,361

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

23,320

39,451

Taxation and social security

 

20,897

8,496

Accruals and deferred income

 

9,215

9,165

Other creditors

 

5,221

4,500

 

58,653

61,612

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

R B Vision Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

-

6,118

Other borrowings

23,320

33,333

23,320

39,451