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REGISTERED NUMBER: 10495664 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Vision Home Improvements Ltd

Vision Home Improvements Ltd (Registered number: 10495664)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vision Home Improvements Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R F Bellamy
N R Hunt
P Cahill





REGISTERED OFFICE: 76 Elmside
New Addington
Croydon
England
CR0 9DU





REGISTERED NUMBER: 10495664 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Vision Home Improvements Ltd (Registered number: 10495664)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,654 2,136

CURRENT ASSETS
Debtors 5 122,465 37,327
Cash at bank 14,776 -
137,241 37,327
CREDITORS
Amounts falling due within one year 6 (129,985 ) (23,575 )
NET CURRENT ASSETS 7,256 13,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,910

15,888

CREDITORS
Amounts falling due after more than one
year

7

(24,446

)

(14,950

)

PROVISIONS FOR LIABILITIES 8 (4,114 ) (406 )
NET ASSETS 350 532

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 9 348 531
350 532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Vision Home Improvements Ltd (Registered number: 10495664)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





N R Hunt - Director


Vision Home Improvements Ltd (Registered number: 10495664)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Vision Home Improvements Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of Painting, Glazing, Building completion & finishing as well as Roofing activities.

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 represents amounts receivable for glazing and window installation net of VAT and trade discounts.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 25% Reducing Balance
Motor vehicles 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Vision Home Improvements Ltd (Registered number: 10495664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
P&M vehicles Totals
£    £    £   
COST
At 1 December 2022 2,000 9,999 11,999
Additions 313 24,144 24,457
Disposals - (9,999 ) (9,999 )
At 30 November 2023 2,313 24,144 26,457
DEPRECIATION
At 1 December 2022 1,644 8,219 9,863
Charge for year 141 3,018 3,159
Eliminated on disposal - (8,219 ) (8,219 )
At 30 November 2023 1,785 3,018 4,803
NET BOOK VALUE
At 30 November 2023 528 21,126 21,654
At 30 November 2022 356 1,780 2,136

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,673
Other debtors 122,465 31,654
122,465 37,327

The directors consider the carrying value of trade and other receivables approximate to their fair value.

Vision Home Improvements Ltd (Registered number: 10495664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,200 5,260
Hire purchase contracts 5,217 -
Trade creditors 17,585 3,110
Taxation and social security 9,699 9,412
Other creditors 88,284 5,793
129,985 23,575

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,750 14,950
Hire purchase contracts 18,696 -
24,446 14,950

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years - 1,150

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,114 406

Deferred
tax
£   
Balance at 1 December 2022 406
Provided during year 3,708
Balance at 30 November 2023 4,114

9. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Vision Home Improvements Ltd (Registered number: 10495664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included under other creditors is the amount due to R F Bellamy of £2,569 (2022 - £4,471 in other debtor), the director of the company. This loan is interest free and repayable on demand.

At the balance sheet date, included under other creditors is the amount due to P Cahill of £160 (2022 - Nil), the director of the company. This loan is interest free and repayable on demand.

At the balance sheet date, included under other debtors is the amount due from N R Hunt of £18,994 (2022 - £15,778), the director of the company. This loan is interest free and repayable on demand.