2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC649022 2023-02-01 2024-01-31 SC649022 2024-01-31 SC649022 2023-01-31 SC649022 2022-02-01 2023-01-31 SC649022 2023-01-31 SC649022 2022-01-31 SC649022 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC649022 bus:Director3 2023-02-01 2024-01-31 SC649022 core:WithinOneYear 2024-01-31 SC649022 core:WithinOneYear 2023-01-31 SC649022 core:ShareCapital 2024-01-31 SC649022 core:ShareCapital 2023-01-31 SC649022 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC649022 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC649022 bus:SmallEntities 2023-02-01 2024-01-31 SC649022 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC649022 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC649022 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC649022 bus:FullAccounts 2023-02-01 2024-01-31 SC649022 bus:OrdinaryShareClass1 2024-01-31 SC649022 bus:OrdinaryShareClass1 2023-01-31
COMPANY REGISTRATION NUMBER: SC649022
New City Vision (MMR) Contracts Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
New City Vision (MMR) Contracts Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Current assets
Debtors
5
795,312
445,820
Creditors: amounts falling due within one year
6
811,325
456,090
---------
---------
Net current liabilities
16,013
10,270
--------
--------
Total assets less current liabilities
( 16,013)
( 10,270)
--------
--------
Net liabilities
( 16,013)
( 10,270)
--------
--------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 16,014)
( 10,271)
--------
--------
Shareholders deficit
( 16,013)
( 10,270)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr H J O'Donnell
Director
Company registration number: SC649022
New City Vision (MMR) Contracts Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 13 Newton Place, Glasgow, G3 7PR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern The financial statements have been prepared on a going concern basis. The shareholder of the Company will continue to support the Company to meet financial obligations as it arises. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue recognition
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at the market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade creditors and other payables, are initially recognised at the transaction price, unless the arrangement constitute a financing transaction, where it is recognised at the present value of the future receipts discounted at the market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 4 ).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
589,822
299,231
Other debtors
205,490
146,589
---------
---------
795,312
445,820
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
477,144
207,622
Social security and other taxes
5,313
5,498
Other creditors
328,868
242,970
---------
---------
811,325
456,090
---------
---------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
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