Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-01falseNo description of principal activity1515truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04412267 2023-05-01 2024-04-30 04412267 2022-05-01 2023-04-30 04412267 2024-04-30 04412267 2023-04-30 04412267 c:Director1 2023-05-01 2024-04-30 04412267 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 04412267 d:Buildings d:ShortLeaseholdAssets 2024-04-30 04412267 d:Buildings d:ShortLeaseholdAssets 2023-04-30 04412267 d:PlantMachinery 2023-05-01 2024-04-30 04412267 d:PlantMachinery 2024-04-30 04412267 d:PlantMachinery 2023-04-30 04412267 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04412267 d:MotorVehicles 2023-05-01 2024-04-30 04412267 d:MotorVehicles 2024-04-30 04412267 d:MotorVehicles 2023-04-30 04412267 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04412267 d:FurnitureFittings 2023-05-01 2024-04-30 04412267 d:FurnitureFittings 2024-04-30 04412267 d:FurnitureFittings 2023-04-30 04412267 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04412267 d:OfficeEquipment 2023-05-01 2024-04-30 04412267 d:OfficeEquipment 2024-04-30 04412267 d:OfficeEquipment 2023-04-30 04412267 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04412267 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04412267 d:CurrentFinancialInstruments 2024-04-30 04412267 d:CurrentFinancialInstruments 2023-04-30 04412267 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04412267 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04412267 d:ShareCapital 2024-04-30 04412267 d:ShareCapital 2023-04-30 04412267 d:RetainedEarningsAccumulatedLosses 2024-04-30 04412267 d:RetainedEarningsAccumulatedLosses 2023-04-30 04412267 c:OrdinaryShareClass1 2023-05-01 2024-04-30 04412267 c:OrdinaryShareClass1 2024-04-30 04412267 c:OrdinaryShareClass1 2023-04-30 04412267 c:FRS102 2023-05-01 2024-04-30 04412267 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04412267 c:FullAccounts 2023-05-01 2024-04-30 04412267 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04412267 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04412267 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04412267 2 2023-05-01 2024-04-30 04412267 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04412267










Vision Display & Interiors Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024

 
Vision Display & Interiors Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Vision Display & Interiors 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 financial statements of Vision Display & Interiors Limited for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Vision Display & Interiors Limited, as a body, in accordance with the terms of our engagement letter dated 29 June 2022Our work has been undertaken solely to prepare for your approval the financial statements of Vision Display & Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Vision Display & Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Display & Interiors Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Vision Display & Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vision Display & Interiors Limited. You consider that Vision Display & Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Vision Display & Interiors 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 financial statements.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
27 January 2025
Page 1

 
Vision Display & Interiors Limited
Registered number: 04412267

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
56,759
79,202

  
56,759
79,202

Current assets
  

Stocks
  
76,928
74,422

Debtors: amounts falling due within one year
 5 
323,667
136,766

Bank & cash balances
  
6,190
384,499

  
406,785
595,687

Creditors: amounts falling due within one year
 6 
(88,600)
(143,792)

Net current assets
  
 
 
318,185
 
 
451,895

Total assets less current liabilities
  
374,944
531,097

Provisions for liabilities
  

Deferred tax
 7 
(14,190)
(21,273)

  
 
 
(14,190)
 
 
(21,273)

Net assets
  
360,754
509,824


Capital and reserves
  

Called up share capital 
 8 
101
101

Profit and loss account
  
360,653
509,723

  
360,754
509,824


Page 2

 
Vision Display & Interiors Limited
Registered number: 04412267

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 income and retained earnings 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: 





Mr D Akerman
Director
Date: 27 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

Vision Display and Interiors Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04412267. The registered office is 37 St Margaret's Street, Canterbury, Kent CT1 2TU. The company's principal place of business is Unit 25 Woolton Farm, Bekesbourne, Canterbury, Kent, CT4 5EA.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company's functional and presentational currency is Pounds Sterling.
The company's financial statements are presented to the nearest £.

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.

 
2.3

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.

Page 4

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method for leasehold improvements and the reducing balance method for all other classes of assets.

Depreciation is provided on the following basis:

Leasehold property improvements
-
33% Straight line
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.

 
2.4

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 weighted average 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 profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 5

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.9

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

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.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).

Page 6

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

4.


Tangible fixed assets





S/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 May 2023
8,083
129,071
16,840
1,674
31,855
187,523


Additions
-
-
-
-
520
520


Disposals
-
(24,929)
-
(518)
(17,884)
(43,331)



At 30 April 2024

8,083
104,142
16,840
1,156
14,491
144,712



Depreciation


At 1 May 2023
8,083
64,332
7,368
738
27,800
108,321


Charge for the year on owned assets
-
15,286
2,368
289
1,074
19,017


Disposals
-
(21,327)
-
(449)
(17,609)
(39,385)



At 30 April 2024

8,083
58,291
9,736
578
11,265
87,953



Net book value



At 30 April 2024
-
45,851
7,104
578
3,226
56,759



At 30 April 2023
-
64,739
9,472
936
4,055
79,202

Page 7

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
119,741
126,559

Other debtors
196,032
1,500

Prepayments and accrued income
7,894
8,707

323,667
136,766


Included within other debtors due within one year is a loan to the directors, amounting to £194,532 (2023 - £Nil). This loan was repaid in full following the year end. The loan was interest free and repayable upon demand.




6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
12,699
-

Trade creditors
53,354
31,252

Corporation tax
7,535
59,343

Other taxation and social security
9,036
43,788

Other creditors
1,776
2,775

Accruals and deferred income
4,200
6,634

88,600
143,792



7.


Deferred taxation




2024


£






At beginning of year
(21,273)


Charged to profit or loss
7,083



At end of year
(14,190)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,190)
(21,273)

Page 8

 
Vision Display & Interiors Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



101 (2023 - 101) Ordinary shares of £1.00 each
101
101



9.


Controlling party

The company is controlled by Mr D Akerman by virtue of his majority shareholding in the share capital of the company.


Page 9