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COMPANY REGISTRATION NUMBER: 08608949
Vision Services (UK) Limited
Filleted Unaudited Abridged Financial Statements
31 July 2024
Vision Services (UK) Limited
Abridged Financial Statements
Year ended 31 July 2024
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements
1
Abridged statement of financial position
2 to 3
Notes to the abridged financial statements
4 to 6
Vision Services (UK) Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Vision Services (UK) Limited
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Vision Services (UK) Limited for the year ended 31 July 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Vision Services (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 23 August 2013. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Vision Services (UK) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Services (UK) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Vision Services (UK) Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vision Services (UK) Limited. You consider that Vision Services (UK) 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 abridged financial statements of Vision Services (UK) 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 abridged financial statements.
CRAWLEY & CO Chartered Accountants
163 Holland Street Denton Manchester M34 3GE
21 October 2024
Vision Services (UK) Limited
Abridged Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
16,079
18,091
Investments
6
354,562
290,747
---------
---------
370,641
308,838
Current assets
Debtors
750
35,786
Cash at bank and in hand
29,328
14,764
--------
--------
30,078
50,550
Creditors: amounts falling due within one year
10,653
6,532
--------
--------
Net current assets
19,425
44,018
---------
---------
Total assets less current liabilities
390,066
352,856
---------
---------
Net assets
390,066
352,856
---------
---------
Capital and reserves
Called up share capital
1
1
Revaluation reserve
20,476
Profit and loss account
369,589
352,855
---------
---------
Shareholder funds
390,066
352,856
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Vision Services (UK) Limited
Abridged Statement of Financial Position (continued)
31 July 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 21 October 2024 , and are signed on behalf of the board by:
B Crawley
Director
Company registration number: 08608949
Vision Services (UK) Limited
Notes to the Abridged Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 163 Holland Street, Denton, Manchester, M34 3GE.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in the revaluation reserve.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 August 2023
99,418
Additions
3,071
---------
At 31 July 2024
102,489
---------
Depreciation
At 1 August 2023
81,327
Charge for the year
5,083
---------
At 31 July 2024
86,410
---------
Carrying amount
At 31 July 2024
16,079
---------
At 31 July 2023
18,091
---------
6. Investments
£
Cost
At 1 August 2023
290,785
Additions
207,697
Disposals
( 164,434)
Revaluations
20,514
---------
At 31 July 2024
354,562
---------
Impairment
At 1 August 2023
38
Reversal of impairment losses
( 38)
---------
At 31 July 2024
---------
Carrying amount
At 31 July 2024
354,562
---------
At 31 July 2023
290,747
---------
7. Related party transactions
The company is controlled by B Crawley by virtue of his controlling interest.