26 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 18,000 29,020 47,020 16,987 2,671 19,658 27,362 1,013 xbrli:pure xbrli:shares iso4217:GBP 06676850 2023-09-01 2024-08-30 06676850 2024-08-30 06676850 2023-08-31 06676850 2022-09-01 2023-08-31 06676850 2023-08-31 06676850 2022-08-31 06676850 core:MotorVehicles 2023-09-01 2024-08-30 06676850 bus:Director2 2023-09-01 2024-08-30 06676850 core:MotorVehicles 2023-08-31 06676850 core:MotorVehicles 2024-08-30 06676850 core:AfterOneYear 2024-08-30 06676850 core:AfterOneYear 2023-08-31 06676850 core:WithinOneYear 2024-08-30 06676850 core:WithinOneYear 2023-08-31 06676850 core:ShareCapital 2024-08-30 06676850 core:ShareCapital 2023-08-31 06676850 core:RetainedEarningsAccumulatedLosses 2024-08-30 06676850 core:RetainedEarningsAccumulatedLosses 2023-08-31 06676850 core:MotorVehicles 2023-08-31 06676850 bus:SmallEntities 2023-09-01 2024-08-30 06676850 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-30 06676850 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-30 06676850 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-30 06676850 bus:FullAccounts 2023-09-01 2024-08-30
COMPANY REGISTRATION NUMBER: 06676850
VISION HOUSING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 August 2024
VISION HOUSING LIMITED
STATEMENT OF FINANCIAL POSITION
30 August 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
5
27,362
1,013
CURRENT ASSETS
Debtors
6
513,259
489,705
Cash at bank and in hand
147,688
179,441
---------
---------
660,947
669,146
CREDITORS: amounts falling due within one year
7
( 420,987)
( 344,249)
---------
---------
NET CURRENT ASSETS
239,960
324,897
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
267,322
325,910
CREDITORS: amounts falling due after more than one year
8
( 31,555)
( 26,394)
PROVISIONS
Taxation including deferred tax
( 190)
( 253)
---------
---------
NET ASSETS
235,577
299,263
---------
---------
CAPITAL AND RESERVES
Called up share capital
3,000
3,000
Profit and loss account
232,577
296,263
---------
---------
SHAREHOLDERS FUNDS
235,577
299,263
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
VISION HOUSING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 August 2024
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
C Lincoln
Director
Company registration number: 06676850
VISION HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Sugar Mill Business Park, 432 Dewsbury Road, Leeds, West Yorkshire, LS11 7DF, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax. In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the state of completion.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 26 (2023: 30 ).
5. TANGIBLE ASSETS
Motor vehicles
Total
£
£
Cost
At 1 September 2023
18,000
18,000
Additions
29,020
29,020
--------
--------
At 30 August 2024
47,020
47,020
--------
--------
Depreciation
At 1 September 2023
16,987
16,987
Charge for the year
2,671
2,671
--------
--------
At 30 August 2024
19,658
19,658
--------
--------
Carrying amount
At 30 August 2024
27,362
27,362
--------
--------
At 31 August 2023
1,013
1,013
--------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
162,321
151,935
Amounts owed by group undertakings and undertakings in which the company has a participating interest
336,831
326,831
Other debtors
14,107
10,939
---------
---------
513,259
489,705
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
51,463
57,902
Corporation tax
70,244
50,507
Social security and other taxes
181,503
131,324
Other creditors
117,777
104,516
---------
---------
420,987
344,249
---------
---------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
18,169
26,394
Other creditors
13,386
--------
--------
31,555
26,394
--------
--------