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Company Registration No. 14754772 (England and Wales)
VISION CREATIVE LABS LIMITED Unaudited accounts for the year ended 31 March 2025
VISION CREATIVE LABS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VISION CREATIVE LABS LIMITED Company Information for the year ended 31 March 2025
Directors
Roger John Hirst Damian Ryan Horner
Company Number
14754772 (England and Wales)
Registered Office
31 Warren Hill Road Woodbridge Suffolk IP12 4DY England
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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VISION CREATIVE LABS LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,821
1,124
Current assets
Debtors
5
36,763
420
Cash at bank and in hand
75,710
51,818
112,473
52,238
Creditors: amounts falling due within one year
6
(99,441)
(18,423)
Net current assets
13,032
33,815
Net assets
17,853
34,939
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
17,851
34,937
Shareholders' funds
17,853
34,939
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by
Roger John Hirst Director Company Registration No. 14754772
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VISION CREATIVE LABS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
VISION CREATIVE LABS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14754772. The registered office is 31 Warren Hill Road, Woodbridge, Suffolk, IP12 4DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
33% on cost
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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VISION CREATIVE LABS LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
733
525
1,258
Additions
4,283
-
4,283
At 31 March 2025
5,016
525
5,541
Depreciation
At 1 April 2024
61
73
134
Charge for the year
411
175
586
At 31 March 2025
472
248
720
Net book value
At 31 March 2025
4,544
277
4,821
At 31 March 2024
672
452
1,124
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
31,882
-
Other debtors
4,881
420
36,763
420
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,388
1,336
Trade creditors
374
7,889
Taxes and social security
11,747
8,500
Other creditors
150
304
Loans from directors
19,036
394
Deferred income
66,746
-
99,441
18,423
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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