Company registration number 11294840 (England and Wales)
GRANT VISION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
GRANT VISION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GRANT VISION LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
886
149
Current assets
Debtors
4
108,563
49,158
Cash at bank and in hand
17,234
29,733
125,797
78,891
Creditors: amounts falling due within one year
5
(33,807)
(25,393)
Net current assets
91,990
53,498
Net assets
92,876
53,647
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
92,776
53,547
Total equity
92,876
53,647

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 22 January 2025
Daniel Grant
Director
Company registration number 11294840 (England and Wales)
GRANT VISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Grant Vision Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 School Meadow, Abberley, Worcester, UK, WR6 6FB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on cost
Fixtures and fittings
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

GRANT VISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023
568
Additions
1,049
At 30 April 2024
1,617
Depreciation and impairment
At 1 May 2023
419
Depreciation charged in the year
312
At 30 April 2024
731
Carrying amount
At 30 April 2024
886
At 30 April 2023
149
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
108,563
49,158
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
27,890
19,419
Other taxation and social security
5,760
5,817
Other creditors
157
157
33,807
25,393
GRANT VISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
6
Directors' transactions

 

Description
Opening balance
Amounts advanced
Closing balance
£
£
£
Daniel Grant -
35,869
50,508
86,377
35,869
50,508
86,377

The loan was unsecured, interest was charged at 2.25% per annum and repayable on demand.

7
Ultimate Controlling Party

The controlling party is Daniel Grant.

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