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Company Registration No. 11458644 (England and Wales)
ONE VISION BRADFORD LIMITED Unaudited accounts for the year ended 31 January 2024
ONE VISION BRADFORD LIMITED Unaudited accounts Contents
Page
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ONE VISION BRADFORD LIMITED Company Information for the year ended 31 January 2024
Directors
Rebecca Louise Heron Patrick Joseph Ryan Liam Martin McGee
Company Number
11458644 (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 BRADFORD LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,780 
2,643 
Current assets
Inventories
6,529 
8,500 
Debtors
76,542 
80,087 
Cash at bank and in hand
933 
8,328 
84,004 
96,915 
Creditors: amounts falling due within one year
(82,049)
(83,611)
Net current assets
1,955 
13,304 
Total assets less current liabilities
5,735 
15,947 
Creditors: amounts falling due after more than one year
(16,803)
(25,154)
Provisions for liabilities
Deferred tax
- 
(739)
Net liabilities
(11,068)
(9,946)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(11,070)
(9,948)
Shareholders' funds
(11,068)
(9,946)
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. 11458644
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ONE VISION BRADFORD LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ONE VISION BRADFORD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11458644. 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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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.
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 BRADFORD LIMITED Notes to the Accounts for the year ended 31 January 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,552 
2,874 
7,426 
Additions
2,540 
285 
2,825 
At 31 January 2024
7,092 
3,159 
10,251 
Depreciation
At 1 February 2023
2,976 
1,807 
4,783 
Charge for the year
1,160 
528 
1,688 
At 31 January 2024
4,136 
2,335 
6,471 
Net book value
At 31 January 2024
2,956 
824 
3,780 
At 31 January 2023
1,576 
1,067 
2,643 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,492 
1,568 
Trade debtors
1,491 
6,690 
Amounts due from group undertakings etc.
35,772 
35,772 
Deferred tax asset
4,393 
Accrued income and prepayments
5,297 
3,750 
Other debtors
28,097 
32,307 
76,542 
80,087 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,136 
9,136 
Trade creditors
42,993 
47,160 
Amounts owed to group undertakings and other participating interests
10,136 
6,230 
Taxes and social security
(50)
331 
Other creditors
19,834 
20,754 
82,049 
83,611 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,803 
25,154 
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ONE VISION BRADFORD LIMITED Notes to the Accounts for the year ended 31 January 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
718 
739 
Tax losses carried forward
(5,111)
- 
(4,393)
739 
2024 
2023 
£ 
£ 
Provision at start of year
739 
739 
Credited to the profit and loss account
(5,132)
- 
Provision at end of year
(4,393)
739 
9
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 
10
Transactions with related parties
At the balance sheet date £35,772 (2023 - £35,722) was owed by a connected companies and £10,137 (2023 - £6,230) was owed to connected companies.
11
Average number of employees
During the year the average number of employees was 1 (2023: 3).
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