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Company registration number:
06483786
Vision Financial Advisers Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2025
Vision Financial Advisers Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Vision Financial Advisers Ltd
Year ended
31 March 2025
As described on the abridged statement of financial position, the Board of Directors of
Vision Financial Advisers Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
31 March 2025
, which comprise the abridged income statement, statement of total comprehensive income, abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
JDH ACCOUNTANTS & BUSINESS ADVISERS LTD
F2, Enterprise House
Navigation Park
ABERCYNON
RCT
CF45 4SN
United Kingdom
Date:
4 July 2025
Vision Financial Advisers Ltd
Abridged Statement of Financial Position
31 March 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 5 | 39,700 |  | 49,700 |
Tangible assets | 5 | 5,155 |  | 5,098 |
|  | 44,855 |  | 54,798 |
Current assets |  |  |  |  |
Stocks |  | 16,000 |  | 10,000 |
Investments |  | 19,540 |  | 13,688 |
Cash at bank and in hand |  | (13,186 | ) | (11,971 | )
|  | 22,354 |  | 11,717 |
Creditors: amounts falling due within one year |  | 304,834 |  | 301,773 |
Net current assets |  | 327,188 |  | 313,490 |
Total assets less current liabilities |  | 372,043 |  | 368,288 |
Creditors: amounts falling due after more than one year |  | (33,773 | ) | (8,167 | )
Net assets |  | 338,270 |  | 360,121 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 200 |  | 200 |
Share premium |  | 200,000 |  | 200,000 |
Profit and loss account |  | 138,070 |  | 159,921 |
Shareholders funds |  | 338,270 |  | 360,121 |

For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
7 July 2025
, and are signed on behalf of the board by:

Mr Lee Prosser
Director

Company registration number:
06483786
Vision Financial Advisers Ltd
Notes to the Abridged Financial Statements
Year ended
31 March 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Orbit Centre
,
Rhydycar Business Park
,
Merthyr Tydfil
,
Mid Glamorgan
,
CF48 1DL
, United Kingdom.

## 2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

## Going concern

As with most businesses, we have been impacted by COVID-19. This has had an impact on our operations, customers, suppliers and staff. We have utilised the grants and benefits available from the Government during this time - CJRS furlough scheme was used during the first lockdown period from 17/03/2020-12/07/2020 and reused from 06/11/2020 to 12/04/2021. We have also received grants from the local council to help cover rental fees and costs. We also took out a bounce back loan of £35,000 to help keep the business afloat. We are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain, the director believe that it is appropriate to prepare the accounts on a going concern basis.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current 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.

## Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

## Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill | 10% straight line

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 25% reducing balance
Fixtures and fittings | 25% reducing balance

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

## Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
5.00
).

## 5 Fixed assets

| Intangible assets | Tangible assets | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 April 2024 | 209,700 |  | 9,939 |  | 219,639 |
Additions | - |  | 1,449 |  | 1,449 |
At 31 March 2025 | 209,700 |  | 11,388 |  | 221,088 |
Amortisation and depreciation |  |  |  |  |  |
At 1 April 2024 | 160,000 |  | 4,841 |  | 164,841 |
Charge | 10,000 |  | 1,392 |  | 11,392 |
At 31 March 2025 | 170,000 |  | 6,233 |  | 176,233 |
Carrying amount |  |  |  |  |  |
At 31 March 2025 | 39,700 |  | 5,155 |  | 44,855 |
At 31 March 2024 | 49,700 |  | 5,098 |  | 54,798 |

## Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

## 6 Related party transactions

During the year the company entered into the following transactions with related parties:

| 2025 | 2024
--- | --- | ---
| £ | £
Directors Loan | 353,256 |  | 353,794 |