Company registration number 03694037 (England and Wales)
VISION TECHNIQUES (GROUP) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
VISION TECHNIQUES (GROUP) LIMITED
COMPANY INFORMATION
Directors
Mr D Smith
Mrs S L Wood
Company number
03694037
Registered office
Phoenix House
Phoenix Park
Blakewater Road
Blackburn
BB1 5SJ
Accountants
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Bankers
Lloyds Bank Plc
Church Street
Blackburn
Lancashire
BB2 1JQ
VISION TECHNIQUES (GROUP) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
VISION TECHNIQUES (GROUP) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
50,000
50,078
Current assets
Debtors
5
1,650,477
2,661,872
Cash at bank and in hand
1,867
1,867
1,652,344
2,663,739
Creditors: amounts falling due within one year
6
(1,076,925)
(2,082,423)
Net current assets
575,419
581,316
Net assets
625,419
631,394
Capital and reserves
Called up share capital
7
50,000
50,000
Profit and loss reserves
575,419
581,394
Total equity
625,419
631,394

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mrs S L Wood
Director
Company registration number 03694037 (England and Wales)
VISION TECHNIQUES (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Vision Techniques (Group) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Phoenix House, Phoenix Park, Blakewater Road, Blackburn, BB1 5SJ.

1.1
Reporting period

The accounting period is for the year ended 30 April 2025; the prior accounting period was for 16 months ended 30 April 2024.

1.2
Basis of preparation

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

Vision Techniques (Group) Limited has no independent source of income and is solely reliant upon the financial support of its 100% owned subsidiary, Vision Techniques (UK) Limited. The company and its subsidiary have the same directors and control and the trades of the two companies are dependent on each other. The subsidiary has provided finance for the company and the directors have confirmed that this will continue. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.true

1.4
Turnover
Turnover represents amounts receivable for management services net of VAT.
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

VISION TECHNIQUES (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

VISION TECHNIQUES (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
50,000
50,078
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2024
50,078
Disposals
(78)
At 30 April 2025
50,000
Carrying amount
At 30 April 2025
50,000
At 30 April 2024
50,078
VISION TECHNIQUES (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
4
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office key
shares held
Direct
Indirect
Vision Techniques (UK) Limited
1
Sales of vehicle reversing systems and CCTV systems
Ordinary
100.00
0
Registered Office addresses:
1
Phoenix House, Phoenix Park, Blakewater Road, Blackburn BB1 5SJ
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,650,477
2,114,238
Other debtors
-
0
547,634
1,650,477
2,661,872
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
1,060,508
1,895,131
Taxation and social security
38
187,292
Other creditors
16,379
-
0
1,076,925
2,082,423
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
50,000 Ordinary shares of £1 each
50,000
50,000
50,000
50,000
VISION TECHNIQUES (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
8
Financial commitments, guarantees and contingent liabilities

The company has given fixed and floating charges which cover all the property and undertaking of the company. The charges are given as security for outstanding loans of the holding company which are £1,290,083 (2024 - £1,558,215) at the period end.

 

The company has also provided a guarantee to the organisation which provides invoice discounting facilities to the trading subsidiary. At the year end date the amount outstanding was £32,068 (2024 - £264,822).

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