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REGISTERED NUMBER: 09705899 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

VIZION INTERIORS LIMITED

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIZION INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: G D Kellett
D Owen





REGISTERED OFFICE: 14 Twelvewoods Business Park
Dobwalls
Liskeard
Cornwall
PL14 6LN





REGISTERED NUMBER: 09705899 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 117,374 55,241

CURRENT ASSETS
Stocks 10,000 2,000
Debtors 6 192,678 206,403
Cash at bank 82,259 50,577
284,937 258,980
CREDITORS
Amounts falling due within one year 7 (306,253 ) (151,503 )
NET CURRENT (LIABILITIES)/ASSETS (21,316 ) 107,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,058

162,718

CREDITORS
Amounts falling due after more than one
year

8

(50,898

)

(26,163

)

PROVISIONS FOR LIABILITIES (29,343 ) (13,810 )
NET ASSETS 15,817 122,745

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,815 122,743
SHAREHOLDERS' FUNDS 15,817 122,745

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

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

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

BALANCE SHEET - continued
31 AUGUST 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 7 November 2024 and were signed on its behalf by:





D Owen - Director


VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Vizion Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue is recognised to turnover with reference to the stage of completion of the projects undertaken by the company.

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.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 8,912 4,978 139,660 7,992 161,542
Additions - - 94,906 1,125 96,031
Disposals - - (61,510 ) - (61,510 )
At 31 August 2024 8,912 4,978 173,056 9,117 196,063
DEPRECIATION
At 1 September 2023 8,233 2,259 88,757 7,052 106,301
Charge for year 489 746 31,707 956 33,898
Eliminated on disposal - - (61,510 ) - (61,510 )
At 31 August 2024 8,722 3,005 58,954 8,008 78,689
NET BOOK VALUE
At 31 August 2024 190 1,973 114,102 1,109 117,374
At 31 August 2023 679 2,719 50,903 940 55,241

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 91,125
At 31 August 2024 91,125
DEPRECIATION
Charge for year 18,225
At 31 August 2024 18,225
NET BOOK VALUE
At 31 August 2024 72,900

VIZION INTERIORS LIMITED (REGISTERED NUMBER: 09705899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,161 172,173
Amounts recoverable on contracts - 6,720
VAT 19,353 18,299
Prepayments 4,164 9,211
192,678 206,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,592 9,592
Hire purchase contracts 22,399 -
Trade creditors 59,926 64,594
Amounts owed to group undertakings 139,322 685
Tax 3,363 25,572
Social security and other taxes 8,578 6,615
Other creditors 46,545 26,749
Directors' current accounts 11,384 10,677
Accrued expenses 5,144 7,019
306,253 151,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,592 9,592
Bank loans - 2-5 years 6,625 16,571
Hire purchase contracts 34,681 -
50,898 26,163

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 57,080 -

10. RELATED PARTY DISCLOSURES

The directors introduced net funds into the company of £707. At 31 August 2024, the company owed the directors £11,384. (2023: £10,677.)

The loans to the company from the directors are free of interest and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Vizion Build Limited.

The ultimate controlling party is Vizion Build Limited.