REGISTERED NUMBER: 07773504 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Vision Development South Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Karpinski

T P Karpinski

Ms L J Karpinski

L MCAulay

SECRETARY:

Mrs J M Karpinski

REGISTERED OFFICE:

3 Central Barn

Field Barn Farm

Beenham

Reading

Berkshire

RG7 5LT

REGISTERED NUMBER:

07773504 (England and Wales)

ACCOUNTANTS:

Accounting & Taxation Centre BTD

Suite 38 & 39 Venture West

Greenham Business Park

Newbury

Berkshire

RG19 6HX

FIXED ASSETS

Property, plant and equipment

4

13,054

16,816

CURRENT ASSETS

Inventories

90,200

-

Debtors

489,347

243,954

Cash at bank

439,791

1,466,993

1,019,338

1,710,947

CREDITORS

Amounts falling due within one year

317,863

1,014,621

NET CURRENT ASSETS

701,475

696,326

TOTAL ASSETS LESS CURRENT LIABILITIES

714,529

713,142

CREDITORS

Amounts falling due after more than one year

30,000

55,000

NET ASSETS

684,529

658,142

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

684,229

657,842

SHAREHOLDERS' FUNDS

684,529

658,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 September 2025 and were signed on its behalf by:

Mrs J M Karpinski - Director

1.	STATUTORY INFORMATION

Vision Development South 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Inventories 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 January 2024

117,133

Additions

1,381

Disposals

(15,300

)

At 31 December 2024

103,214

DEPRECIATION

At 1 January 2024

100,317

Charge for year

4,353

Eliminated on disposal

(14,510

)

At 31 December 2024

90,160

NET BOOK VALUE

At 31 December 2024

13,054

At 31 December 2023

16,816