05863468falsethe supply and fitting of audio visual equipment2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05863468

Visionworks AV Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024


Visionworks AV Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
A Jackson
REGISTERED OFFICE
49 Kensington Church Street
London
W8 4BA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05863468

Visionworks AV Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Visionworks AV Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets26,6637,593
CURRENT ASSETS
Stock3,7873,987
Debtors451,26647,330
Cash at bank and in hand227,005266,069
282,058317,386
CREDITORS: Amounts falling due within one year571,77959,588
NET CURRENT ASSETS210,279257,798
TOTAL ASSETS LESS CURRENT LIABILITIES216,942265,391
CREDITORS: Amounts falling due after more than one year620,71731,365
NET ASSETS196,225234,026
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account196,125233,926
SHAREHOLDERS' FUNDS196,225234,026
For the year ending 30/06/2024 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/11/2024 and signed on their behalf by
.............................
A Jackson
Director

Visionworks AV Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 12%
Fixtures and Fittingsstraight line 10%
Equipmentstraight line 10%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all 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. 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.

Visionworks AV Limited

1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Short Leasehold PropertiesFixtures And FittingsEquipment
Total
££££
Cost
At 01/07/202312,67814,0008,07434,752
At 30/06/202412,67814,0008,07434,752
Depreciation
At 01/07/202312,23213,9261,00127,159
For the year21074646930
At 30/06/202412,44214,0001,64728,089
Net Book Amounts
At 30/06/2024236-6,4276,663
At 30/06/2023446747,0737,593
3. STOCK 20242023
££
Stock comprises:
Stock3,7873,987
3,7873,987
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors48,20235,453
VAT-8,467
Prepayments3,0643,410
51,26647,330

Visionworks AV Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-12,668
VAT6,302-
PAYE control4,2924,708
NIC control1,0581,900
Trade creditors30,03037,103
Other creditors269270
Pension schemes-439
Deferred income29,8282,500
71,77959,588
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr20,71731,365
20,71731,365
A loan of £50,000 was received as part of the UK Government's Bounce Back Loan Scheme, is repayable by September 2026 and interest bearing at 2.5% per annum from September 2021. As at 30 June 2024, an amount of £20,717 was outstanding (2023: £31,365).
7. EMPLOYEES
20242023
No.No.
Average number of employees22
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

Visionworks AV Limited

9. OTHER FINANCIAL COMMITMENTS
At 30/06/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within two to five years72,000108,000
10. CONTROLLING PARTY
The ultimate controlling party is A Jackson, a director and shareholder of the company.