REGISTERED NUMBER: 06177810 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Vision Specialist Contracting Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Fairman

Mrs K Fairman

Mr M Hart

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

06177810 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

40,116

58,924

CURRENT ASSETS

Inventories

60,760

159,025

Debtors

5

10,233

169,525

Cash at bank and in hand

66,083

605

137,076

329,155

CREDITORS

Amounts falling due within one year

6

135,168

280,918

NET CURRENT ASSETS

1,908

48,237

TOTAL ASSETS LESS CURRENT LIABILITIES

42,024

107,161

CREDITORS

Amounts falling due after more than one year

7

1,200

12,590

NET ASSETS

40,824

94,571

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

40,821

94,568

SHAREHOLDERS' FUNDS

40,824

94,571

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mr M Fairman - Director

Mrs K Fairman - Director

Mr M Hart - Director

1.	STATUTORY INFORMATION

Vision Specialist Contracting 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

Revenue 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

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 5 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

34,000

64,157

3,267

101,424

Additions

-

-

2,058

2,058

Disposals

-

(26,898

)

-

(26,898

)

At 31 March 2025

34,000

37,259

5,325

76,584

DEPRECIATION

At 1 April 2024

5,100

35,516

1,884

42,500

Charge for year

4,335

4,323

860

9,518

Eliminated on disposal

-

(15,550

)

-

(15,550

)

At 31 March 2025

9,435

24,289

2,744

36,468

NET BOOK VALUE

At 31 March 2025

24,565

12,970

2,581

40,116

At 31 March 2024

28,900

28,641

1,383

58,924

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

52,957

Disposals

(26,898

)

At 31 March 2025

26,059

DEPRECIATION

At 1 April 2024

30,616

Charge for year

2,748

Eliminated on disposal

(15,550

)

At 31 March 2025

17,814

NET BOOK VALUE

At 31 March 2025

8,245

At 31 March 2024

22,341

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

152,568

Amounts owed by associates

3,562

300

Other debtors

6,671

16,657

10,233

169,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

8,059

132,438

Hire purchase contracts

-

14,202

Trade creditors

65,951

98,029

Amounts owed to associates

-

8,738

Taxation and social security

59,425

22,966

Other creditors

1,733

4,545

135,168

280,918

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,200

8,600

Hire purchase contracts

-

3,990

1,200

12,590

8.	RELATED PARTY DISCLOSURES

The Directors Mr M Fairman and Mrs K Fairman are considered to be they key management personnel.