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REGISTERED NUMBER: SC534678 (Scotland)















Envision Engineering & Design Ltd

Financial Statements For The Year Ended 31 May 2024






Envision Engineering & Design Ltd (Registered number: SC534678)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Envision Engineering & Design Ltd

Company Information
For The Year Ended 31 May 2024







DIRECTORS: S J Anderson
L A J Sutherland



REGISTERED OFFICE: The Cottage
Davidson's Lane
Thurso
Caithness
KW14 7HT



REGISTERED NUMBER: SC534678 (Scotland)



ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Sir John's Square
Thurso
Caithness
KW14 7AN



BANKERS: The Royal Bank of Scotland
11 Olrig Street
Thurso
Caithness
KW14 7BL

Envision Engineering & Design Ltd (Registered number: SC534678)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,274 202,466
Investments 5 1 1
211,275 202,467

CURRENT ASSETS
Debtors 6 166,225 98,008
Cash at bank and in hand 93,465 79,660
259,690 177,668
CREDITORS
Amounts falling due within one year 7 51,312 41,363
NET CURRENT ASSETS 208,378 136,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,653

338,772

CREDITORS
Amounts falling due after more than one
year

8

(24,852

)

(40,359

)

PROVISIONS FOR LIABILITIES (24,489 ) (16,794 )

ACCRUALS AND DEFERRED INCOME (7,169 ) (11,465 )
NET ASSETS 363,143 270,154

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 363,043 270,054
SHAREHOLDERS' FUNDS 363,143 270,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Envision Engineering & Design Ltd (Registered number: SC534678)

Balance Sheet - continued
31 May 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 24 October 2024 and were signed on its behalf by:




S J Anderson - Director



L A J Sutherland - Director


Envision Engineering & Design Ltd (Registered number: SC534678)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Envision Engineering & Design 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.

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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Envision Engineering & Design Ltd (Registered number: SC534678)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 June 2023 104,878 192,172 297,050
Additions - 38,676 38,676
At 31 May 2024 104,878 230,848 335,726
DEPRECIATION
At 1 June 2023 - 94,584 94,584
Charge for year - 29,868 29,868
At 31 May 2024 - 124,452 124,452
NET BOOK VALUE
At 31 May 2024 104,878 106,396 211,274
At 31 May 2023 104,878 97,588 202,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 June 2023 40,396
Additions 19,854
At 31 May 2024 60,250
DEPRECIATION
At 1 June 2023 13,232
Charge for year 8,432
At 31 May 2024 21,664
NET BOOK VALUE
At 31 May 2024 38,586
At 31 May 2023 27,164

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

Envision Engineering & Design Ltd (Registered number: SC534678)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 148,340 80,087
Other debtors 17,885 17,921
166,225 98,008

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,295 2,041
Hire purchase contracts 6,832 3,441
Trade creditors 1,242 69
Taxation and social security 63,627 34,530
Other creditors (27,684 ) 1,282
51,312 41,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 18,000
Hire purchase contracts 24,852 22,359
24,852 40,359