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Company Registration No. 10482894 (England and Wales)
ONE VISION MAYO LIMITED Unaudited accounts for the year ended 31 January 2024
ONE VISION MAYO LIMITED Unaudited accounts Contents
Page
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ONE VISION MAYO LIMITED Company Information for the year ended 31 January 2024
Directors
Rebecca Louise Heron Liam Martin Mcgee
Company Number
10482894 (England and Wales)
Registered Office
5 SHADWELL WALK LEEDS LS17 6EQ UNITED KINGDOM
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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ONE VISION MAYO LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,382 
14,934 
Current assets
Inventories
7,567 
6,000 
Debtors
82,213 
94,419 
Cash at bank and in hand
27,548 
32,864 
117,328 
133,283 
Creditors: amounts falling due within one year
(58,813)
(83,357)
Net current assets
58,515 
49,926 
Total assets less current liabilities
74,897 
64,860 
Provisions for liabilities
Deferred tax
(3,113)
(3,494)
Net assets
71,784 
61,366 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
71,782 
61,364 
Shareholders' funds
71,784 
61,366 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by
Rebecca Louise Heron Director Company Registration No. 10482894
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ONE VISION MAYO LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ONE VISION MAYO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10482894. The registered office is 5 SHADWELL WALK, LEEDS, LS17 6EQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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ONE VISION MAYO LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
10,214 
41,473 
3,222 
54,909 
Additions
- 
4,159 
1,422 
5,581 
At 31 January 2024
10,214 
45,632 
4,644 
60,490 
Depreciation
At 1 February 2023
5,107 
32,205 
2,663 
39,975 
Charge for the year
1,021 
2,773 
339 
4,133 
At 31 January 2024
6,128 
34,978 
3,002 
44,108 
Net book value
At 31 January 2024
4,086 
10,654 
1,642 
16,382 
At 31 January 2023
5,107 
9,268 
559 
14,934 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,882 
Trade debtors
419 
2,386 
Amounts due from group undertakings etc.
62,659 
63,033 
Accrued income and prepayments
1,597 
3,124 
Other debtors
17,538 
17,994 
82,213 
94,419 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,137 
- 
Trade creditors
11,771 
34,457 
Amounts owed to group undertakings and other participating interests
15,482 
14,799 
Taxes and social security
4,383 
6,221 
Other creditors
25,040 
27,880 
58,813 
83,357 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
2 
2 
8
Transactions with related parties
At the balance sheet date £62,659 (2023 - £63,033) was owed by a connected companies and £15,482 (2023 - £14,799) was owed to connected companies.
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ONE VISION MAYO LIMITED Notes to the Accounts for the year ended 31 January 2024
9
Controlling party
One Vision Mayo Limited is a wholly owned subsidiary of One Vision Holdings Limited, a company registered in England and Wales. The registered office of the Holding Company is 5 Shadwell Walk, Leeds, West Yorkshire, United Kingdom, LS17 6EQ.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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