Company Registration No. 05173033 (England and Wales)
Smart Vision UK Ltd
Unaudited accounts
for the year ended 31 July 2025
Smart Vision UK Ltd
Unaudited accounts
Contents
Smart Vision UK Ltd
Company Information
for the year ended 31 July 2025
Company Number
05173033 (England and Wales)
Registered Office
Acorn House
Station Road
North Hykeham
Lincoln
LN6 3QX
Accountants
Mike Behan Accountant
21 Millbrook Close
North Hykeham
Lincoln
LN6 9TA
Smart Vision UK Ltd
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
5,871
8,748
Creditors: amounts falling due within one year
(13,526)
(15,844)
Net current assets
1,305
9,680
Total assets less current liabilities
1,839
10,392
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
1,730
10,248
Shareholders' funds
1,732
10,250
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 10 September 2025 and were signed on its behalf by
Antony Speed
Director
Company Registration No. 05173033
Smart Vision UK Ltd
Notes to the Accounts
for the year ended 31 July 2025
Smart Vision UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 05173033. The registered office is Acorn House, Station Road, North Hykeham, Lincoln, LN6 3QX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Smart Vision UK Ltd
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
7,375
25,437
32,812
At 31 July 2025
7,375
25,437
32,812
At 1 August 2024
7,243
24,857
32,100
Charge for the year
33
145
178
At 31 July 2025
7,276
25,002
32,278
At 31 July 2025
99
435
534
At 31 July 2024
132
580
712
Amounts falling due within one year
Trade debtors
7,007
12,600
Accrued income and prepayments
1,953
4,176
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
2,920
-
Taxes and social security
4,244
7,528
Other creditors
1,388
1,299
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 2 (2024: 2).