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REGISTERED NUMBER: 12110750 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Vision Electrical Contracting Limited

Vision Electrical Contracting Limited (Registered number: 12110750)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vision Electrical Contracting Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D A Biggs





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 12110750 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Vision Electrical Contracting Limited (Registered number: 12110750)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,458 6,571

CURRENT ASSETS
Stocks 6,973 6,512
Debtors 5 7,742 7,152
Cash at bank 7,041 9,897
21,756 23,561
CREDITORS
Amounts falling due within one year 6 17,660 16,219
NET CURRENT ASSETS 4,096 7,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,554

13,913

CREDITORS
Amounts falling due after more than one
year

7

(9,560

)

(12,143

)

PROVISIONS FOR LIABILITIES 8 (1,375 ) (1,249 )
NET ASSETS 2,619 521

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,519 421
SHAREHOLDERS' FUNDS 2,619 521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vision Electrical Contracting Limited (Registered number: 12110750)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





D A Biggs - Director


Vision Electrical Contracting Limited (Registered number: 12110750)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Vision Electrical Contracting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Vision Electrical Contracting Limited (Registered number: 12110750)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 582 15,625 2,073 18,280
Additions - 6,500 - 6,500
At 31 July 2024 582 22,125 2,073 24,780
DEPRECIATION
At 1 August 2023 337 10,681 691 11,709
Charge for year 61 2,861 691 3,613
At 31 July 2024 398 13,542 1,382 15,322
NET BOOK VALUE
At 31 July 2024 184 8,583 691 9,458
At 31 July 2023 245 4,944 1,382 6,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219 2,607
Other debtors 6,280 3,840
Tax 466 -
Prepayments 777 705
7,742 7,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,989 5,639
Trade creditors 2,404 4,962
Tax 466 466
Social security and other taxes 384 -
VAT 1,928 1,120
Other creditors 2,158 2,471
Directors' current accounts 1,001 361
Accrued expenses 1,330 1,200
17,660 16,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,560 12,143

Vision Electrical Contracting Limited (Registered number: 12110750)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,375 1,249

Deferred
tax
£   
Balance at 1 August 2023 1,249
Accelerated capital allowances 548
On unused tax losses (422 )
Balance at 31 July 2024 1,375

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D A Biggs
Balance outstanding at start of year - (116 )
Amounts advanced - 116
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

During the year, £4,000 of dividends were reversed due to there being a disclosure error in the financial statement last year. This has been amended to correct the profit and loss in the current year (2023: £7,500 dividends were declared on ordinary shares to the director).

At the balance sheet date the company owed its director Mr D A Biggs £1,001 (2023: £361). This balance is given interest free and is unsecured.

12. ULTIMATE CONTROLLING PARTY

Mr D A Biggs, the director, is the ultimate controlling party by virtue of his controlling 100% shareholding