REGISTERED NUMBER: 06580826 (England and Wales)

VISIONLINE SIGNS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M P Venters

Mrs S Venters

REGISTERED OFFICE:

Unit 7 Howard Road

Park Farm Industrial Estate

Redditch

Worcestershire

B98 7SE

REGISTERED NUMBER:

06580826 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,392

42,845

62,392

42,845

CURRENT ASSETS

Stocks

7,974

7,974

Debtors

6

75,608

64,129

Cash at bank and in hand

78,968

41,003

162,550

113,106

CREDITORS

Amounts falling due within one year

7

101,215

88,473

NET CURRENT ASSETS

61,335

24,633

TOTAL ASSETS LESS CURRENT LIABILITIES

123,727

67,478

CREDITORS

Amounts falling due after more than one year

8

(43,751

)

(45,740

)

PROVISIONS FOR LIABILITIES

10

(10,200

)

(10,200

)

NET ASSETS

69,776

11,538

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

69,676

11,438

SHAREHOLDERS' FUNDS

69,776

11,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 29 August 2025 and were signed on its behalf by:

Mrs S Venters - Director

1.	STATUTORY INFORMATION

Visionline Signs 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over the remaining estimated useful life of 16 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

33% on cost and 15% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

100,000

AMORTISATION

At 1 June 2024

and 31 May 2025

100,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Office

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

6,688

44,861

16,672

70,194

138,415

Additions

-

10,995

5,145

20,980

37,120

Disposals

-

-

(1,199

)

-

(1,199

)

At 31 May 2025

6,688

55,856

20,618

91,174

174,336

DEPRECIATION

At 1 June 2024

6,688

35,542

12,759

40,581

95,570

Charge for year

-

3,047

2,258

12,240

17,545

Eliminated on disposal

-

-

(1,171

)

-

(1,171

)

At 31 May 2025

6,688

38,589

13,846

52,821

111,944

NET BOOK VALUE

At 31 May 2025

-

17,267

6,772

38,353

62,392

At 31 May 2024

-

9,319

3,913

29,613

42,845

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

10,995

20,980

31,975

At 31 May 2025

10,995

20,980

31,975

DEPRECIATION

Charge for year

1,649

5,245

6,894

At 31 May 2025

1,649

5,245

6,894

NET BOOK VALUE

At 31 May 2025

9,346

15,735

25,081

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,605

38,151

Other debtors

35,003

25,978

75,608

64,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,201

9,018

Hire purchase contracts (see note 9)

7,194

11,651

Trade creditors

17,956

22,250

Taxation and social security

64,328

43,929

Other creditors

2,536

1,625

101,215

88,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,964

34,380

Hire purchase contracts (see note 9)

16,787

11,360

43,751

45,740

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

7,194

11,651

Between one and five years

16,787

11,360

23,981

23,011

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,200

10,200

Deferred

tax

£

Balance at 1 June 2024

10,200

Balance at 31 May 2025

10,200

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors received advances totalling £71,709 (£58,838 - 2024) and made repayments totalling £65,312 (£34,700 - 2024) At 31 May 2025 the directors owed the company £30,534 (£24,137 - 2024). These were provided at a interest rate of 3.75%.