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REGISTERED NUMBER: 05097908 (England and Wales)












Financial Statements

for the Year Ended 31st December 2023

for

VISION TECHNOLOGIES EUROPE LIMITED

VISION TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISION TECHNOLOGIES EUROPE LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: P A Salmon
C P Smith





REGISTERED OFFICE: Unit 2 Limegrove Estate
Falconer Road
Haverhill
Suffolk
CB9 7XU





REGISTERED NUMBER: 05097908 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

VISION TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 14
Investments 5 759,705 759,705
759,705 759,719

CREDITORS
Amounts falling due within one year 6 466,667 416,667
NET CURRENT LIABILITIES (466,667 ) (416,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,038

343,052

CREDITORS
Amounts falling due after more than one year 7 233,333 283,333
NET ASSETS 59,705 59,719

CAPITAL AND RESERVES
Called up share capital 8 55 55
Capital redemption reserve 45 45
Retained earnings 59,605 59,619
SHAREHOLDERS' FUNDS 59,705 59,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Balance Sheet - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd May 2024 and were signed on its behalf by:





P A Salmon - Director


VISION TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Vision Technologies Europe 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

VISION TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 11,507
AMORTISATION
At 1st January 2023 11,494
Charge for year 13
At 31st December 2023 11,507
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 13

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 759,705
NET BOOK VALUE
At 31st December 2023 759,705
At 31st December 2022 759,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed to group undertakings 416,667 366,667
Other creditors 50,000 50,000
466,667 416,667

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 233,333 283,333

VISION TECHNOLOGIES EUROPE LIMITED (REGISTERED NUMBER: 05097908)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
55 Ordinary £1 55 55

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their shareholding.