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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
Page
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Smart Vision UK Ltd Company Information for the year ended 31 July 2024
Director
Antony Speed
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
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Smart Vision UK Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
712 
950 
Current assets
Debtors
16,776 
13,973 
Cash at bank and in hand
8,748 
7,921 
25,524 
21,894 
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
Deferred tax
(142)
(190)
Net assets
10,250 
8,954 
Capital and reserves
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
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Smart Vision UK Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 July 2024
132 
580 
712 
At 31 July 2023
176 
774 
950 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,600 
10,608 
Accrued income and prepayments
4,176 
3,365 
16,776 
13,973 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,579 
5,613 
Trade creditors
438 
- 
Taxes and social security
7,301 
6,297 
Other creditors
1,526 
1,790 
15,844 
13,700 
7
Share capital
2024 
2023 
£ 
£ 
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).
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