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Registration number: 07650795

T & A Vision Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

T & A Vision Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

T & A Vision Limited

Company Information

Director

Mr T Campagne

Company secretary

Gold Accountants Limited

Registered office

24 Southfield
Polegate
East Sussex
BN26 5LX

Accountants

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

 

T & A Vision Limited

Director's Report for the Year Ended 31 May 2023

The director presents his report and the financial statements for the year ended 31 May 2023.

Director of the company

The director who held office during the year was as follows:

Mr T Campagne

Principal activity

The principal activity of the company is Window cleaning services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr T Campagne
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
T & A Vision Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of T & A Vision Limited for the year ended 31 May 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of T & A Vision Limited, as a body, in accordance with the terms of our engagement letter dated 31 May 2011. Our work has been undertaken solely to prepare for your approval the accounts of T & A Vision Limited and state those matters that we have agreed to state to the Board of Directors of T & A Vision Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T & A Vision Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that T & A Vision Limited 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 T & A Vision Limited. You consider that T & A Vision Limited 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 T & A Vision Limited. 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.

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

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

30 October 2024

 

T & A Vision Limited

Profit and Loss Account for the Year Ended 31 May 2023

Note

2023
£

2022
£

Turnover

 

57,588

55,103

Cost of sales

 

(22,575)

(20,145)

Gross profit

 

35,013

34,958

Administrative expenses

 

(27,300)

(29,183)

Operating profit

 

7,713

5,775

Profit before tax

4

7,713

5,775

Profit for the financial year

 

7,713

5,775

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

T & A Vision Limited

Statement of Comprehensive Income for the Year Ended 31 May 2023

2023
£

2022
£

Profit for the year

7,713

5,775

Total comprehensive income for the year

7,713

5,775

 

T & A Vision Limited

(Registration number: 07650795)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

255

339

Current assets

 

Debtors

6

9,551

9,458

Creditors: Amounts falling due within one year

7

409

-

Net current assets

 

9,960

9,458

Total assets less current liabilities

 

10,215

9,797

Creditors: Amounts falling due after more than one year

7

(325)

(2,620)

Net assets

 

9,890

7,177

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

9,888

7,175

Shareholders' funds

 

9,890

7,177

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr T Campagne
Director

 

T & A Vision Limited

Statement of Changes in Equity for the Year Ended 31 May 2023

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

2

7,175

7,177

Profit for the year

-

7,713

7,713

Dividends

-

(5,000)

(5,000)

At 31 May 2023

2

9,888

9,890

Share capital
£

Retained earnings
£

Total
£

At 1 June 2021

2

6,400

6,402

Profit for the year

-

5,775

5,775

Dividends

-

(5,000)

(5,000)

At 31 May 2022

2

7,175

7,177

 

T & A Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
24 Southfield
Polegate
East Sussex
BN26 5LX
United Kingdom

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

T & A Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

T & A Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

84

113

 

T & A Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

5

Tangible assets

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 June 2022

219

4,333

4,552

At 31 May 2023

219

4,333

4,552

Depreciation

At 1 June 2022

167

4,046

4,213

Charge for the year

13

71

84

At 31 May 2023

180

4,117

4,297

Carrying amount

At 31 May 2023

39

216

255

At 31 May 2022

52

287

339

6

Debtors

Current

2023
£

2022
£

Other debtors

9,551

9,458

 

9,551

9,458

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

(1,129)

(720)

Accruals and deferred income

 

720

720

 

(409)

-

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

325

2,620

 

T & A Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

325

2,620

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

(1,129)

(720)

10

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £2,500.00 per each Ordinary shares

5,000

5,000