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REGISTERED NUMBER: 11993413 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Eyeone Vision Limited

Eyeone Vision Limited (Registered number: 11993413)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Eyeone Vision Limited (Registered number: 11993413)

Balance Sheet
31st March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,275 1,950
Investments 5 100 -
1,375 1,950

CURRENT ASSETS
Debtors 6 195,945 9,081
Cash at bank 3,100 176,444
199,045 185,525
CREDITORS
Amounts falling due within one year 7 92,528 21,311
NET CURRENT ASSETS 106,517 164,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,892

166,164

CREDITORS
Amounts falling due after more than one year 8 (9,539 ) (14,648 )

PROVISIONS FOR LIABILITIES (242 ) (370 )
NET ASSETS 98,111 151,146

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 97,111 150,146
SHAREHOLDERS' FUNDS 98,111 151,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Eyeone Vision Limited (Registered number: 11993413)

Balance Sheet - continued
31st March 2024


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 director and authorised for issue on 1st October 2024 and were signed by:





Dr R M H Lee - Director


Eyeone Vision Limited (Registered number: 11993413)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. COMPANY INFORMATION

Eyeone Vision Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11993413

Registered office: The Lexicon
10-12 Mount Street
Manchester
M2 5NT

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


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Eyeone Vision Limited (Registered number: 11993413)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the director has confirmed that they will continue to support the company and ensure it has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023
and 31st March 2024 3,047
DEPRECIATION
At 1st April 2023 1,097
Charge for year 675
At 31st March 2024 1,772
NET BOOK VALUE
At 31st March 2024 1,275
At 31st March 2023 1,950

5. FIXED ASSET INVESTMENTS

During the year the company acquired 100 shares in Allee Investments Limited for £100.

The shares are held at cost..

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Amounts owed by associates 183,900 -
Other debtors - 598
Directors' current accounts - 202
Tax 12,045 -
Eyeone Group Limited - 8,281
195,945 9,081

Eyeone Vision Limited (Registered number: 11993413)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Bank loans and overdrafts 497 -
Eyeone Group Limited 57,219 -
Tax - 19,713
Directors' current accounts 32,905 -
Accrued expenses 1,907 1,598
92,528 21,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Other loans - 2-5 years 9,539 14,648

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
1,000 Ordinary 1 1,000 1,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
as restated
£    £   
Dr R M H Lee
Balance outstanding at start of year 205 (416 )
Amounts advanced - 31,066
Amounts repaid (33,111 ) (30,445 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,906 ) 205

The loan is payable on demand and no interest was charged during the year.

11. RELATED PARTY DISCLOSURES

During the year the company operated a loan account with a director related entity, Allee Investments Limited. Eyeone Vision Limited advanced £184,000 to Allee Investments Limited and received shares of £100. At the balance sheet date £183,900 was due from Allee Investments Limited.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Lee by virtue of holding 100% of voting share capital.