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REGISTERED NUMBER: 07066205 (England and Wales)















I-VISION LIGHTING SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I-VISION LIGHTING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: G D Jones
B T Jones





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 07066205 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,243 54,622

CURRENT ASSETS
Stocks 50,729 36,125
Debtors 5 134,802 158,635
Cash at bank and in hand 75,691 104,440
261,222 299,200
CREDITORS
Amounts falling due within one year 6 103,471 121,360
NET CURRENT ASSETS 157,751 177,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,994

232,462

CREDITORS
Amounts falling due after more than one
year

7

(39,091

)

(49,936

)

PROVISIONS FOR LIABILITIES (10,025 ) (9,943 )
NET ASSETS 191,878 172,583

I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

BALANCE SHEET - continued
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 191,778 172,483
SHAREHOLDERS' FUNDS 191,878 172,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2025 and were signed on its behalf by:





G D Jones - Director


I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

I-Vision Lighting Solutions 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.

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.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Profit and Loss, 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.


I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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
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.

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 7 (2023 - 8 ) .

I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st December 2023 15,365 55,581 3,836
Additions 10,717 8,039 -
Disposals - - -
At 30th November 2024 26,082 63,620 3,836
DEPRECIATION
At 1st December 2023 10,465 28,125 956
Charge for year 735 4,778 105
Eliminated on disposal - - -
At 30th November 2024 11,200 32,903 1,061
NET BOOK VALUE
At 30th November 2024 14,882 30,717 2,775
At 30th November 2023 4,900 27,456 2,880

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2023 40,183 6,818 121,783
Additions 28,495 2,167 49,418
Disposals (8,500 ) - (8,500 )
At 30th November 2024 60,178 8,985 162,701
DEPRECIATION
At 1st December 2023 24,628 2,987 67,161
Charge for year 11,482 2,103 19,203
Eliminated on disposal (6,906 ) - (6,906 )
At 30th November 2024 29,204 5,090 79,458
NET BOOK VALUE
At 30th November 2024 30,974 3,895 83,243
At 30th November 2023 15,555 3,831 54,622

I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 28,495
At 30th November 2024 28,495
DEPRECIATION
Charge for year 3,562
At 30th November 2024 3,562
NET BOOK VALUE
At 30th November 2024 24,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,201 154,758
Other debtors 3,208 116
Prepayments and accrued income 4,393 3,761
134,802 158,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,088 15,621
Hire purchase contracts 3,557 -
Trade creditors 33,368 37,638
Corporation Tax - 16,256
Social security and other taxes 5,214 4,174
VAT 36,420 37,407
Other creditors 1,495 1,017
Directors' current accounts 854 1,315
Accrued expenses 6,475 7,932
103,471 121,360

I-VISION LIGHTING SOLUTIONS LIMITED (REGISTERED NUMBER: 07066205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Loans 1-2 years 14,188 16,059
Loans 2-5 years 17,273 25,190
Loans more than 5 years 2,376 8,687
Hire purchase contracts 5,254 -
39,091 49,936

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

As at the year end, the company owed G D Jones £854 (2023: £1,315)