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REGISTERED NUMBER: 07211313 (England and Wales)










Financial Statements

for the Year Ended 30 August 2024

for

Style and Vision Limited

Style and Vision Limited (Registered number: 07211313)






Contents of the Financial Statements
for the Year Ended 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Style and Vision Limited

Company Information
for the Year Ended 30 August 2024







DIRECTORS: I A Marshall
Miss C Doherty





REGISTERED OFFICE: 12 Harrogate Road
Bradford
BD2 3DU





REGISTERED NUMBER: 07211313 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Style and Vision Limited (Registered number: 07211313)

Balance Sheet
30 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 30,249 32,999
Property, plant and equipment 5 41,478 51,525
71,727 84,524

CURRENT ASSETS
Inventories 16,038 14,850
Debtors 6 11,733 15,746
Cash at bank and in hand 35,873 33,994
63,644 64,590
CREDITORS
Amounts falling due within one year 7 (39,530 ) (34,323 )
NET CURRENT ASSETS 24,114 30,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,841

114,791

CREDITORS
Amounts falling due after more than one year 8 (34,740 ) (43,978 )

PROVISIONS FOR LIABILITIES (10,369 ) (9,790 )
NET ASSETS 50,732 61,023

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 50,532 60,823
SHAREHOLDERS' FUNDS 50,732 61,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Style and Vision Limited (Registered number: 07211313)

Balance Sheet - continued
30 August 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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





I A Marshall - Director


Style and Vision Limited (Registered number: 07211313)

Notes to the Financial Statements
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

Style and Vision 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.

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

GOODWILL
Goodwill paid in connection with the purchase of a business in 2016 is being amortised evenly over its expected useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Style and Vision Limited (Registered number: 07211313)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 August 2023
and 30 August 2024 57,999
AMORTISATION
At 31 August 2023 25,000
Charge for year 2,750
At 30 August 2024 27,750
NET BOOK VALUE
At 30 August 2024 30,249
At 30 August 2023 32,999

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 August 2023
and 30 August 2024 131,208 2,569 133,777
DEPRECIATION
At 31 August 2023 80,188 2,064 82,252
Charge for year 9,718 329 10,047
At 30 August 2024 89,906 2,393 92,299
NET BOOK VALUE
At 30 August 2024 41,302 176 41,478
At 30 August 2023 51,020 505 51,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,365 5,800
Other debtors 2,603 7,746
Prepayments 2,765 2,200
11,733 15,746

Style and Vision Limited (Registered number: 07211313)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,238 9,238
Trade creditors 6,145 8,005
Corporation tax 15,101 9,462
Social security and other tax 1,276 1,249
VAT 788 -
Other creditors 2,270 1,564
Director's current account 112 318
Accrued expenses 4,600 4,487
39,530 34,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 34,740 43,978

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

10. RESERVES
Retained
earnings
£   

At 31 August 2023 60,823
Profit for the year 42,709
Dividends (53,000 )
At 30 August 2024 50,532

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividend of £53,000 were paid to the director throughout the year ended 30th August 2024 (£53,000-2023). The Company owed to the director £112 as at 30th August 2024 (£318-2023).