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Company Registration No. 11366596 (England and Wales)
ONE VISION VICTORIA LIMITED Unaudited accounts for the year ended 31 January 2024
ONE VISION VICTORIA LIMITED Unaudited accounts Contents
Page
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ONE VISION VICTORIA LIMITED Company Information for the year ended 31 January 2024
Directors
Rebecca Louise Heron Liam Martin Mcgee
Company Number
11366596 (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 VICTORIA LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,019 
22,107 
Current assets
Inventories
8,592 
3,357 
Debtors
21,211 
16,629 
Cash at bank and in hand
1,605 
678 
31,408 
20,664 
Creditors: amounts falling due within one year
(115,075)
(91,073)
Net current liabilities
(83,667)
(70,409)
Total assets less current liabilities
(64,648)
(48,302)
Creditors: amounts falling due after more than one year
(19,660)
(23,028)
Provisions for liabilities
Deferred tax
(3,614)
(4,200)
Net liabilities
(87,922)
(75,530)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(87,924)
(75,532)
Shareholders' funds
(87,922)
(75,530)
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. 11366596
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ONE VISION VICTORIA LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ONE VISION VICTORIA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11366596. 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.
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
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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.
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.
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ONE VISION VICTORIA LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
11,504 
32,151 
1,584 
45,239 
Additions
- 
4,850 
- 
4,850 
At 31 January 2024
11,504 
37,001 
1,584 
50,089 
Depreciation
At 1 February 2023
5,029 
16,730 
1,373 
23,132 
Charge for the year
1,150 
6,577 
211 
7,938 
At 31 January 2024
6,179 
23,307 
1,584 
31,070 
Net book value
At 31 January 2024
5,325 
13,694 
- 
19,019 
At 31 January 2023
6,475 
15,421 
211 
22,107 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,296 
12,308 
Trade debtors
772 
205 
Amounts due from group undertakings etc.
8,715 
270 
Accrued income and prepayments
- 
1,894 
Other debtors
8,428 
1,952 
21,211 
16,629 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,004 
3,999 
Trade creditors
43,393 
21,198 
Amounts owed to group undertakings and other participating interests
66,758 
65,876 
Taxes and social security
920 
- 
115,075 
91,073 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,660 
23,028 
8
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 
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ONE VISION VICTORIA LIMITED Notes to the Accounts for the year ended 31 January 2024
9
Transactions with related parties
At the balance sheet date £8,715 (2023 - £270) was owed by a connected companies and £66,758 (2023 - £65,876) was owed to connected companies.
10
Controlling party
One Vision Victoria 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.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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