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REGISTERED NUMBER: 10513605 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ONE VISION PHOTOGRAPHY LIMITED

ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE VISION PHOTOGRAPHY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Lundbeck





REGISTERED OFFICE: 8 St. Winifreds Road
Cefn Glas
Bridgend
CF31 4PL





REGISTERED NUMBER: 10513605 (England and Wales)





ACCOUNTANTS: Fernlea Accounting Limited
84 Fernlea Park
Bryncoch
Neath
SA10 7SX

ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 55,360 40,557

CURRENT ASSETS
Stocks 1,195 1,050
Debtors 5 33,559 30,930
Cash at bank 4,905 2,759
39,659 34,739
CREDITORS
Amounts falling due within one year 6 35,022 34,216
NET CURRENT ASSETS 4,637 523
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,997

41,080

CREDITORS
Amounts falling due after more than
one year

7

(40,732

)

(22,266

)

PROVISIONS FOR LIABILITIES (3,533 ) (7,706 )
NET ASSETS 15,732 11,108

ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,731 11,107
15,732 11,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





M Lundbeck - Director


ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

ONE VISION PHOTOGRAPHY 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 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 etc - 15% on cost and 10% on cost

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

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.

ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 69,392
Additions 23,177
At 31 December 2023 92,569
DEPRECIATION
At 1 January 2023 28,835
Charge for year 8,374
At 31 December 2023 37,209
NET BOOK VALUE
At 31 December 2023 55,360
At 31 December 2022 40,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 25,050 29,425
Other debtors 8,509 1,505
33,559 30,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 5,371 11,123
Trade creditors - 594
Taxation and social security 319 -
Other creditors 29,332 22,499
35,022 34,216

ONE VISION PHOTOGRAPHY LIMITED (Registered number: 10513605)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£ £
Bank loans 6,949 12,266
Other creditors 33,783 10,000
40,732 22,266