Company Registration No. 05173033 (England and Wales)
Smart Vision UK Ltd
Unaudited accounts
for the year ended 31 July 2024
Smart Vision UK Ltd
Unaudited accounts
Contents
Smart Vision UK Ltd
Company Information
for the year ended 31 July 2024
Company Number
05173033 (England and Wales)
Registered Office
Acorn House
Station Road
North Hykeham
Lincoln
LN6 3QX
Accountants
Mike Behan Accountant
21 Millbrook Close
North Hykeham
Lincoln
LN6 9TA
Smart Vision UK Ltd
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
8,748
7,921
Creditors: amounts falling due within one year
(15,844)
(13,700)
Net current assets
9,680
8,194
Total assets less current liabilities
10,392
9,144
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
10,248
8,952
Shareholders' funds
10,250
8,954
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2024 and were signed on its behalf by
Antony Speed
Director
Company Registration No. 05173033
Smart Vision UK Ltd
Notes to the Accounts
for the year ended 31 July 2024
Smart Vision UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 05173033. The registered office is Acorn House, Station Road, North Hykeham, Lincoln, LN6 3QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Smart Vision UK Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
7,375
25,437
32,812
At 31 July 2024
7,375
25,437
32,812
At 1 August 2023
7,199
24,663
31,862
Charge for the year
44
194
238
At 31 July 2024
7,243
24,857
32,100
At 31 July 2024
132
580
712
At 31 July 2023
176
774
950
Amounts falling due within one year
Trade debtors
12,600
10,608
Accrued income and prepayments
4,176
3,365
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,301
6,297
Other creditors
1,526
1,790
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).