Company Registration No. 11935694 (England and Wales)
New Vision Windows Limited
Unaudited accounts
for the year ended 30 April 2024
New Vision Windows Limited
Unaudited accounts
Contents
New Vision Windows Limited
Company Information
for the year ended 30 April 2024
Company Number
11935694 (England and Wales)
Registered Office
Unit A4c
Lords Wood Road
Harworth
Doncaster
South Yorkshire
DN11 8BZ
England
Accountants
Cloud Accountancy Limited
5 Park Crescent
Retford
Notts
DN22 6UF
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
New Vision Windows Limited
for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of New Vision Windows Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of New Vision Windows Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of New Vision Windows Limited and state those matters that we have agreed to state to the Board of Directors of New Vision Windows Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Vision Windows Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that New Vision Windows 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 New Vision Windows Limited. You consider that New Vision Windows 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 New Vision Windows 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.
Cloud Accountancy Limited
Member in Practice
5 Park Crescent
Retford
Notts
DN22 6UF
22 November 2024
New Vision Windows Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,331,304
593,058
Inventories
177,896
32,469
Cash at bank and in hand
356,741
80,234
Creditors: amounts falling due within one year
(1,017,159)
(596,025)
Net current liabilities
(196,172)
(414,392)
Total assets less current liabilities
1,135,713
179,411
Creditors: amounts falling due after more than one year
(968,748)
(20,723)
Provisions for liabilities
Net assets
166,965
142,217
Called up share capital
100
100
Profit and loss account
166,865
142,117
Shareholders' funds
166,965
142,217
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Jonathan Stokes
Director
Company Registration No. 11935694
New Vision Windows Limited
Notes to the Accounts
for the year ended 30 April 2024
New Vision Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 11935694. The registered office is Unit A4c, Lords Wood Road, Harworth, Doncaster, South Yorkshire, DN11 8BZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
between 4 and 10 years
Fixtures & fittings
5 years
Computer equipment
4 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories and Work in Progress have been valued at the lower of cost and estimated selling price less costs to complete and sell.
New Vision Windows Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
498,252
148,176
115
15,986
662,529
Additions
655,757
89,611
17,059
35,716
798,143
Disposals
-
-
-
(1,250)
(1,250)
At 30 April 2024
1,154,009
237,787
17,174
50,452
1,459,422
At 1 May 2023
403
63,969
52
5,047
69,471
Charge for the year
15,122
38,465
177
5,901
59,665
On disposals
-
-
-
(1,018)
(1,018)
At 30 April 2024
15,525
102,434
229
9,930
128,118
At 30 April 2024
1,138,484
135,353
16,945
40,522
1,331,304
At 30 April 2023
497,849
84,207
63
10,939
593,058
Amounts falling due within one year
Trade debtors
283,950
65,924
Accrued income and prepayments
758
2,664
New Vision Windows Limited
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
202,828
7,118
Trade creditors
215,436
270,081
Taxes and social security
(1,682)
864
Loans from directors
577,987
303,019
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
968,748
20,723
9
Average number of employees
During the year the average number of employees was 8 (2023: 6).