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REGISTERED NUMBER: 11609801 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Harvey Scott Vision Ltd

Harvey Scott Vision Ltd (Registered number: 11609801)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harvey Scott Vision Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A M H Scott
K S Scott





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 11609801 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Harvey Scott Vision Ltd (Registered number: 11609801)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 6,622 1,136

Current assets
Debtors 5 50,459 21,791
Cash at bank 24,651 4,364
75,110 26,155
Creditors
Amounts falling due within one year 6 (40,269 ) (12,900 )
Net current assets 34,841 13,255
Total assets less current liabilities 41,463 14,391

Provisions for liabilities 7 (1,258 ) (216 )
Net assets 40,205 14,175

Capital and reserves
Called up share capital 2 2
Retained earnings 8 40,203 14,173
40,205 14,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Harvey Scott Vision Ltd (Registered number: 11609801)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




A M H Scott - Director



K S Scott - Director


Harvey Scott Vision Ltd (Registered number: 11609801)

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

1. STATUTORY INFORMATION

Harvey Scott Vision Ltd 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 (£).


The principal activity of the company continued to be that of Architectural Visualiser.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% on cost
Fixtures and fittings25% on cost
Computer equipment25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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

Harvey Scott Vision Ltd (Registered number: 11609801)

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

2. ACCOUNTING POLICIES - continued

EMPLOYEE BENEFITS
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 contribution 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 Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 1,370 6,476 - 7,846
Additions - - 7,274 7,274
At 31 October 2024 1,370 6,476 7,274 15,120
DEPRECIATION
At 1 November 2023 1,006 5,704 - 6,710
Charge for year 214 368 1,206 1,788
At 31 October 2024 1,220 6,072 1,206 8,498
NET BOOK VALUE
At 31 October 2024 150 404 6,068 6,622
At 31 October 2023 364 772 - 1,136

Harvey Scott Vision Ltd (Registered number: 11609801)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,245 9,002
Other debtors 214 12,789
50,459 21,791

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,423 144
Taxation and social security 34,168 12,576
Other creditors 678 180
40,269 12,900

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,258 216

Deferred
tax
£   
Balance at 1 November 2023 216
Provided during year 1,042
Balance at 31 October 2024 1,258

8. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,000 (2023 - £6,000).

Harvey Scott Vision Ltd (Registered number: 11609801)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A M H Scott and K S Scott
Balance outstanding at start of year (180 ) (1,403 )
Amounts advanced 42,870 29,760
Amounts repaid (43,368 ) (28,537 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (678 ) (180 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors are amounts due to directors of £678 (2023 - £180). This loan is interest free and repayable on demand.