30 June 2023 false No description of principal activity Taxfiler 2024.6 07016815business:PrivateLimitedCompanyLtd2023-06-302024-06-29 070168152023-06-29 070168152023-06-302024-06-29 07016815business:AuditExempt-NoAccountantsReport2023-06-302024-06-29 07016815business:FilletedAccounts2023-06-302024-06-29 070168152024-06-29 07016815business:Director12023-06-302024-06-29 07016815business:RegisteredOffice2023-06-302024-06-29 070168152023-06-29 07016815core:WithinOneYear2024-06-29 07016815core:WithinOneYear2023-06-29 07016815core:AfterOneYear2024-06-29 07016815core:AfterOneYear2023-06-29 07016815core:ShareCapitalcore:PreviouslyStatedAmount2024-06-29 07016815core:ShareCapitalcore:PreviouslyStatedAmount2023-06-29 07016815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-29 07016815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-29 07016815core:PreviouslyStatedAmount2024-06-29 07016815core:PreviouslyStatedAmount2023-06-29 07016815business:SmallEntities2023-06-302024-06-29 07016815countries:EnglandWales2023-06-302024-06-29 07016815core:ComputerEquipment2023-06-302024-06-29 07016815core:IntangibleAssetsOtherThanGoodwill2023-06-29 07016815core:IntangibleAssetsOtherThanGoodwill2023-06-302024-06-29 07016815core:IntangibleAssetsOtherThanGoodwill2024-06-29 07016815core:PlantMachinery2023-06-29 07016815core:PlantMachinery2023-06-302024-06-29 07016815core:PlantMachinery2024-06-29 070168152022-06-302023-06-29 iso4217:GBP xbrli:pure
Company Registration No. 07016815 (England and Wales)
Vision Marine Limited Unaudited accounts for the year ended 29 June 2024
Vision Marine Limited Unaudited accounts Contents
Page
- 2 -
Vision Marine Limited Company Information for the year ended 29 June 2024
Director
P Tucker
Company Number
07016815 (England and Wales)
Registered Office
Unit A 82 James Carter Road Mildenhall Suffolk IP28 7DE ENGLAND
Accountants
Hiclass Accounting Limited Suite 15 1 Ensbury Park Road Bournemouth Dorset BH9 2SQ
- 3 -
Vision Marine Limited Statement of financial position as at 29 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
11,388 
- 
Tangible assets
741 
601 
12,129 
601 
Current assets
Inventories
103,397 
39,751 
Debtors
41,369 
58,125 
Cash at bank and in hand
21,874 
17,265 
166,640 
115,141 
Creditors: amounts falling due within one year
(87,068)
(63,055)
Net current assets
79,572 
52,086 
Total assets less current liabilities
91,701 
52,687 
Creditors: amounts falling due after more than one year
(69,624)
(18,658)
Net assets
22,077 
34,029 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
21,927 
33,879 
Shareholders' funds
22,077 
34,029 
For the year ending 29 June 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 25 March 2025 and were signed on its behalf by
P Tucker Director Company Registration No. 07016815
- 4 -
Vision Marine Limited Notes to the Accounts for the year ended 29 June 2024
1
Statutory information
Vision Marine Limited is a private company, limited by shares, registered in England and Wales, registration number 07016815. The registered office is Unit A, 82 James Carter Road, Mildenhall, Suffolk, IP28 7DE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
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:
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 30 June 2023
- 
Additions
11,388 
At 29 June 2024
11,388 
Amortisation
At 30 June 2023
- 
At 29 June 2024
- 
Net book value
At 29 June 2024
11,388 
- 5 -
Vision Marine Limited Notes to the Accounts for the year ended 29 June 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 30 June 2023
2,463 
Additions
399 
At 29 June 2024
2,862 
Depreciation
At 30 June 2023
1,862 
Charge for the year
259 
At 29 June 2024
2,121 
Net book value
At 29 June 2024
741 
At 29 June 2023
601 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,578 
- 
Trade debtors
30,453 
58,125 
35,031 
58,125 
Amounts falling due after more than one year
Other debtors
6,338 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,438 
11,438 
VAT
- 
21,863 
Trade creditors
55,093 
3,130 
Taxes and social security
16,355 
15,989 
Other creditors
2,582 
9,035 
Accruals
1,600 
1,600 
87,068 
63,055 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,377 
18,658 
Loans from directors
36,247 
- 
69,624 
18,658 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 6 -