Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseRepair of electronic and optical equipment1412truetruefalse 04718736 2023-05-01 2024-04-30 04718736 2022-05-01 2023-04-30 04718736 2024-04-30 04718736 2023-04-30 04718736 2022-05-01 04718736 c:Director1 2023-05-01 2024-04-30 04718736 d:PlantMachinery 2023-05-01 2024-04-30 04718736 d:MotorVehicles 2023-05-01 2024-04-30 04718736 d:FurnitureFittings 2023-05-01 2024-04-30 04718736 d:OfficeEquipment 2023-05-01 2024-04-30 04718736 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04718736 d:OtherPropertyPlantEquipment 2024-04-30 04718736 d:OtherPropertyPlantEquipment 2023-04-30 04718736 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04718736 d:Goodwill 2024-04-30 04718736 d:Goodwill 2023-04-30 04718736 d:CurrentFinancialInstruments 2024-04-30 04718736 d:CurrentFinancialInstruments 2023-04-30 04718736 d:Non-currentFinancialInstruments 2024-04-30 04718736 d:Non-currentFinancialInstruments 2023-04-30 04718736 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04718736 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04718736 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04718736 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04718736 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 04718736 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 04718736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 04718736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04718736 d:ShareCapital 2024-04-30 04718736 d:ShareCapital 2023-04-30 04718736 d:RetainedEarningsAccumulatedLosses 2024-04-30 04718736 d:RetainedEarningsAccumulatedLosses 2023-04-30 04718736 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-05-01 2024-04-30 04718736 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-30 04718736 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-30 04718736 c:OrdinaryShareClass1 2023-05-01 2024-04-30 04718736 c:OrdinaryShareClass1 2024-04-30 04718736 c:OrdinaryShareClass2 2023-05-01 2024-04-30 04718736 c:OrdinaryShareClass2 2024-04-30 04718736 c:OrdinaryShareClass3 2023-05-01 2024-04-30 04718736 c:OrdinaryShareClass3 2024-04-30 04718736 c:OrdinaryShareClass4 2023-05-01 2024-04-30 04718736 c:OrdinaryShareClass4 2024-04-30 04718736 c:OrdinaryShareClass5 2023-05-01 2024-04-30 04718736 c:OrdinaryShareClass5 2024-04-30 04718736 c:FRS102 2023-05-01 2024-04-30 04718736 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04718736 c:FullAccounts 2023-05-01 2024-04-30 04718736 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04718736 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 04718736 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 04718736 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 04718736 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 04718736 2 2023-05-01 2024-04-30 04718736 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04718736 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04718736 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04718736









UVISON TECHNOLOGIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
UVISON TECHNOLOGIES LIMITED
REGISTERED NUMBER: 04718736

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
-

Tangible assets
 6 
128,135
100,901

  
128,135
100,901

Current assets
  

Stocks
 7 
363,851
436,603

Debtors: amounts falling due after more than one year
 8 
562,204
560,029

Debtors: amounts falling due within one year
 8 
1,406,443
1,599,808

Cash at bank and in hand
 9 
487,121
383,683

  
2,819,619
2,980,123

Creditors: amounts falling due within one year
 10 
(1,658,565)
(1,946,323)

Net current assets
  
 
 
1,161,054
 
 
1,033,800

Total assets less current liabilities
  
1,289,189
1,134,701

Creditors: amounts falling due after more than one year
 11 
(36,355)
(21,667)

Provisions for liabilities
  

Deferred tax
 14 
(30,779)
(23,695)

Other provisions
 15 
(62,379)
(77,069)

  
 
 
(93,158)
 
 
(100,764)

Net assets
  
1,159,676
1,012,270


Capital and reserves
  

Called up share capital 
 16 
100
100

Profit and loss account
  
1,159,576
1,012,170

  
1,159,676
1,012,270

Page 1

 
UVISON TECHNOLOGIES LIMITED
REGISTERED NUMBER: 04718736
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by. 






D Driscoll Esq
Director

Date: 21 January 2025

The notes on pages 3 to 12 form part of these financial statements.
Page 2

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Uvison Technologies Limited is a private company limited by shares, incorporated in England and Wales. The registered office is Unit 6 Nepicar Park, London Road, Wrotham, Sevenoaks,  Kent, TN15 7AF. The principal activity of the company is that of the supply and service of laboratory equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.3

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:.



Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statment of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to the Statment of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in the Statment of comprehensive income using the effective interest method.

  
2.14

Borrowing costs

All borrowing costs are recognised in the Statement of compreshensive income in the year in which they are incurred.

Page 5

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.Increases in provisions are generally charged as an expense to profit or loss.
 


 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statment of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

a) Critical judgments in applying the company's accounting policies:
The company made no material judgments during the year.
b) Key accounting estimates and assumptions:
The company makes key accounting estimates in regards to its stock valuation.


4.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 12).

Page 6

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
700,000



At 30 April 2024

700,000



Amortisation


At 1 May 2023
700,000



At 30 April 2024

700,000



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 7

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 May 2023
434,606


Additions
68,210



At 30 April 2024

502,816



Depreciation


At 1 May 2023
333,705


Charge for the year on owned assets
40,976



At 30 April 2024

374,681



Net book value



At 30 April 2024
128,135



At 30 April 2023
100,901


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
363,851
436,603


Page 8

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
562,204
560,029


2024
2023
£
£

Due within one year

Trade debtors
592,331
809,754

Other debtors
749,253
742,660

Prepayments and accrued income
64,859
47,394

1,406,443
1,599,808



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
487,121
383,683



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
787,264
1,130,873

Amounts owed to group undertakings
475,000
475,000

Corporation tax
60,318
103,295

Other taxation and social security
7,215
8,208

Obligations under finance lease and hire purchase contracts
11,850
-

Other creditors
118,729
79,302

Accruals and deferred income
188,189
139,645

1,658,565
1,946,323


Page 9

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

Net obligations under finance leases and hire purchase contracts
24,688
-

36,355
21,667



12.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
11,667
10,000

Amounts falling due 2-5 years

Bank loans
-
11,667


21,667
31,667

Bank loans are secured by fixed assets of the company.


13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,850
-

Between 1-5 years
24,527
-

36,377
-

Hire purchase and finance lease liabilities are secured over the assets that they relate.

Page 10

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

14.


Deferred taxation




2024
2023


£

£






At beginning of year
(23,695)
(24,143)


Charged/ (credited) to profit or loss
(7,084)
448



At end of year
(30,779)
(23,695)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
30,779
23,695

30,779
23,695


15.


Provisions




Warranty provision

£





At 1 May 2023
77,069


Charged/ (credited) to profit or loss
(14,690)



At 30 April 2024
62,379


16.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



51 "A"Ordinary shares of £1.00 each
51
51
25 "B" Ordinary shares of £1.00 each
25
25
8 "C" Ordinary shares of £1.00 each
8
8
8 "D" Ordinary shares of £1.00 each
8
8
8 "E" Ordinary shares of £1.00 each
8
8

100

100


Page 11

 
UVISON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

17.


Pension commitments

The company operates a defined contribution pension scheme and also contributes to the directors' personal pension schemes. The pension charge represents the amount payable by the company to these funds in respect of the year. The assets of the schemes are held separately from those of the company in independently managed funds. 
Included within other creditors is the unpaid pension contributions payable at the year end amounting to £3,791 
(2023: £4,793).

Page 12