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REGISTERED NUMBER: 13234106 (England and Wales)















VISION CONSORTIUM SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025






VISION CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISION CONSORTIUM SERVICES LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Ms A Watson





REGISTERED OFFICE: Unit 6 Cuckoo Wharf
435 Lichfield Road
Birmingham
B6 7SS





REGISTERED NUMBER: 13234106 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

VISION CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 309,688 325,000
Tangible assets 5 20,581 26,722
330,269 351,722

CURRENT ASSETS
Debtors 6 226,460 254,433
Cash at bank 17,974 124,855
244,434 379,288
CREDITORS
Amounts falling due within one year 7 565,943 523,916
NET CURRENT LIABILITIES (321,509 ) (144,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,760

207,094

CREDITORS
Amounts falling due after more than one year 8 12,102 15,662
NET (LIABILITIES)/ASSETS (3,342 ) 191,432

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,442 ) 191,332
(3,342 ) 191,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)

Balance Sheet - continued
31 March 2025


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 1 July 2025 and were signed by:





A A Walters - Director


VISION CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

VISION CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 325,000
AMORTISATION
Charge for year 15,312
At 31 March 2025 15,312
NET BOOK VALUE
At 31 March 2025 309,688
At 31 March 2024 325,000

VISION CONSORTIUM SERVICES LIMITED (REGISTERED NUMBER: 13234106)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 20,619 9,848 30,467
Additions - 1,080 1,080
At 31 March 2025 20,619 10,928 31,547
DEPRECIATION
At 1 April 2024 2,577 1,168 3,745
Charge for year 4,511 2,710 7,221
At 31 March 2025 7,088 3,878 10,966
NET BOOK VALUE
At 31 March 2025 13,531 7,050 20,581
At 31 March 2024 18,042 8,680 26,722

The net book value of tangible fixed assets includes £ 13,531 (2024 - £ 18,042 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 194,070 151,589
Other debtors 32,390 102,844
226,460 254,433

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 3,560 3,560
Trade creditors 73,302 53,646
Social security and other taxes 49,683 67,071
Other creditors 328,140 348,790
Accruals and deferred income 111,258 50,849
565,943 523,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 12,102 15,662