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REGISTERED NUMBER: SC204097 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

User Vision Ltd

User Vision Ltd (Registered number: SC204097)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


User Vision Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr C Rourke
Ms E Kirk
Mr S Denning





SECRETARY: Ms E Kirk





REGISTERED OFFICE: 55 North Castle Street
Edinburgh
EH2 3QA





REGISTERED NUMBER: SC204097 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

User Vision Ltd (Registered number: SC204097)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,363 7,814

CURRENT ASSETS
Stocks 33,129 14,788
Debtors 5 86,750 127,539
Cash at bank 70,619 63,676
190,498 206,003
CREDITORS
Amounts falling due within one year 6 152,240 111,144
NET CURRENT ASSETS 38,258 94,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,621

102,673

CREDITORS
Amounts falling due after more than one year 7 39,897 79,417
NET ASSETS 7,724 23,256

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 7,674 23,206
SHAREHOLDERS' FUNDS 7,724 23,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

User Vision Ltd (Registered number: SC204097)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr C Rourke - Director


User Vision Ltd (Registered number: SC204097)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

User Vision Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 fair value of the consideration received or receivable and represents the amount receivable for goods supplied to customers in the normal course of business, excluding value added tax. The policy is to recognise a sale when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost and 25% on reducing balance

At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work-in-progress
Work in progress is valued at director's assessment of job progression, based on professional expertise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

User Vision Ltd (Registered number: SC204097)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 54,861 244,575 299,436
Additions - 7,355 7,355
At 29 February 2024 54,861 251,930 306,791
DEPRECIATION
At 1 March 2023 54,861 236,761 291,622
Charge for year - 5,806 5,806
At 29 February 2024 54,861 242,567 297,428
NET BOOK VALUE
At 29 February 2024 - 9,363 9,363
At 28 February 2023 - 7,814 7,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 86,750 119,643
Other debtors - 7,896
86,750 127,539

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 39,519 35,731
Trade creditors 47,110 16,540
Taxation and social security 56,447 50,179
Other creditors 9,164 8,694
152,240 111,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 39,897 79,417

User Vision Ltd (Registered number: SC204097)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 49,000 49,000
Between one and five years 12,250 61,500
61,250 110,500

9. SECURED DEBTS

As of 11 July 2024, Funding Circle Limited hold a fixed and floating charge over the assets held by the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Ms E Kirk and Mr C Rourke
Balance outstanding at start of year 1,000 -
Amounts advanced - 1,000
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,000