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Registered Number: 08406468
England and Wales

 

 

 

VISION WEALTH MANAGEMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Vision Wealth Management Ltd for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vision Wealth Management Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Vision Wealth Management Ltd, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Vision Wealth Management Ltd and state those matters that we have agreed to state to the Board of Directors of Vision Wealth Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Wealth Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vision Wealth Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vision Wealth Management Ltd. You consider that Vision Wealth Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Vision Wealth Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 March 2024. 







....................................................

Chawton Hector

2 Maules Gardens
Bristol
Avon
BS34 8AN

21 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 399   
Tangible fixed assets 4 2,383    1,098 
Investments 5 1   
2,783    1,098 
Current assets      
Debtors: amounts falling due within one year 78,593    99,473 
Cash at bank and in hand 17,741    14,673 
96,334    114,146 
Creditors: amount falling due within one year (39,746)   (37,685)
Net current assets 56,588    76,461 
 
Total assets less current liabilities 59,371    77,559 
Creditors: amount falling due after more than one year (37,680)   (48,741)
Net assets 21,691    28,818 
 

Capital and reserves
     
Called up share capital 6 1,000    1,000 
Profit and loss account 20,691    27,818 
Shareholders' funds 21,691    28,818 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 October 2024 and were signed on its behalf by:


-------------------------------
A Goodall
Director
2
General Information
Vision Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 08406468, registration address Westgate House , Banbury Road, Moreton Pinkney, Northamptonshire, NN11 3SQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 50% Straight Line
Computer Equipment 33% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 3).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 5,550    5,550 
Additions 798    798 
Disposals  
At 31 March 2024 6,348    6,348 
Amortisation
At 01 April 2023 5,550    5,550 
Charge for year 399    399 
On disposals  
At 31 March 2024 5,949    5,949 
Net book values
At 31 March 2024 399    399 
At 31 March 2023  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 3,690    11,196    14,886 
Additions 1,289    1,183    2,472 
Disposals    
At 31 March 2024 4,979    12,379    17,358 
Depreciation
At 01 April 2023 3,242    10,546    13,788 
Charge for year 558    629    1,187 
On disposals    
At 31 March 2024 3,800    11,175    14,975 
Net book values
Closing balance as at 31 March 2024 1,179    1,204    2,383 
Opening balance as at 01 April 2023 448    650    1,098 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023  
Additions 1    1 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 1    1 
Investment in Vision Estate Planning
Vision Wealth Management Ltd owns 100% shareholding of Vision Estate Planning Ltd. Mr A Goodall and Mrs L Goodall are directors for both companies. 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3