Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11488949 Mr Tye Kellett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11488949 2023-03-31 11488949 2024-03-31 11488949 2023-04-01 2024-03-31 11488949 frs-core:CurrentFinancialInstruments 2024-03-31 11488949 frs-core:PlantMachinery 2024-03-31 11488949 frs-core:PlantMachinery 2023-04-01 2024-03-31 11488949 frs-core:PlantMachinery 2023-03-31 11488949 frs-core:ShareCapital 2024-03-31 11488949 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11488949 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11488949 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11488949 frs-bus:SmallEntities 2023-04-01 2024-03-31 11488949 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11488949 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11488949 frs-bus:Director1 2023-04-01 2024-03-31 11488949 frs-countries:EnglandWales 2023-04-01 2024-03-31 11488949 2022-03-31 11488949 2023-03-31 11488949 2022-04-01 2023-03-31 11488949 frs-core:CurrentFinancialInstruments 2023-03-31 11488949 frs-core:ShareCapital 2023-03-31 11488949 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11488949
98 Vision Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11488949
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,573 22,927
20,573 22,927
CURRENT ASSETS
Debtors 5 645 13,413
Cash at bank and in hand 7,636 9,703
8,281 23,116
Creditors: Amounts Falling Due Within One Year 6 (7,755 ) (11,935 )
NET CURRENT ASSETS (LIABILITIES) 526 11,181
TOTAL ASSETS LESS CURRENT LIABILITIES 21,099 34,108
NET ASSETS 21,099 34,108
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 20,999 34,008
SHAREHOLDERS' FUNDS 21,099 34,108
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tye Kellett
Director
11 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
98 Vision Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11488949 . The registered office is 1 The Chapel, Treskillard, Redruth, Cornwall, TR16 6JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 55,807
Additions 5,224
Disposals (5,248 )
As at 31 March 2024 55,783
Depreciation
As at 1 April 2023 32,880
Provided during the period 6,868
Disposals (4,538 )
As at 31 March 2024 35,210
Net Book Value
As at 31 March 2024 20,573
As at 1 April 2023 22,927
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 645 13,413
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 60 54
Other creditors 1,077 7,787
Taxation and social security 6,618 4,094
7,755 11,935
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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