Company registration number 06537261 (England and Wales)
FORWARD VISION SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FORWARD VISION SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
FORWARD VISION SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
17,118
Tangible assets
5
237,406
225,760
237,406
242,878
Current assets
Stocks
145,064
148,274
Debtors
6
872,878
1,224,240
Cash at bank and in hand
104,736
243,895
1,122,678
1,616,409
Creditors: amounts falling due within one year
7
(892,043)
(1,337,072)
Net current assets
230,635
279,337
Total assets less current liabilities
468,041
522,215
Creditors: amounts falling due after more than one year
8
(48,579)
(87,831)
Provisions for liabilities
(14,625)
(14,625)
Net assets
404,837
419,759
Capital and reserves
Called up share capital
9
151,000
151,000
Other reserves
4,250
4,250
Profit and loss reserves
249,587
264,509
Total equity
404,837
419,759

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FORWARD VISION SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
Mr A Titler
Director
Company registration number 06537261 (England and Wales)
FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Forward Vision Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, High Street, Ascot, Berkshire, SL5 7HP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years from 1 April 2015.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
33% straight line
Fixtures, fittings & equipment
33% straight line
Computer equipment
50% straight line
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
16
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
171,200
Amortisation and impairment
At 1 April 2024
154,082
Amortisation charged for the year
17,118
At 31 March 2025
171,200
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
17,118
FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
102,286
65,478
5,549
312,953
486,266
Additions
36,610
8,555
-
0
82,586
127,751
Disposals
(30,811)
(47,293)
-
0
(66,630)
(144,734)
At 31 March 2025
108,085
26,740
5,549
328,909
469,283
Depreciation and impairment
At 1 April 2024
48,559
51,341
5,549
155,057
260,506
Depreciation charged in the year
28,438
9,033
-
0
50,840
88,311
Eliminated in respect of disposals
(30,650)
(47,248)
-
0
(39,042)
(116,940)
At 31 March 2025
46,347
13,126
5,549
166,855
231,877
Carrying amount
At 31 March 2025
61,738
13,614
-
0
162,054
237,406
At 31 March 2024
53,727
14,137
-
0
157,896
225,760
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
560,369
921,082
Amounts owed by group undertakings
229,767
229,582
Other debtors
82,742
73,576
872,878
1,224,240
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
141,990
315,775
Trade creditors
349,409
521,805
Corporation tax
36,052
75,472
Other taxation and social security
83,551
78,253
Other creditors
281,041
345,767
892,043
1,337,072
FORWARD VISION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,333
58,333
Other creditors
40,246
29,498
48,579
87,831
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
151,000
151,000
151,000
151,000
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
-
0
20,896
11
Prior period adjustment

During the year, the Directors identified that work in progress stock at 31 March 2024 was overstated by £104,225 and this was skewing the gross profit margin in the current year results. Accordingly, they have amended the comparative figures to correct this error and ensure that work in progress stock and cost of sales are correctly stated. This adjustment has reduced the profit before tax for the year ended 31 March 2024 by £104,225 and reduced the associated tax charge by £26,056.

Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Mar 2024
£
£
£
Current assets
Stocks
252,499
(104,225)
148,274
Creditors due within one year
Taxation
(179,781)
26,056
(153,725)
Net assets
497,928
(78,169)
419,759
Capital and reserves
Profit and loss reserves
342,678
(78,169)
264,509
2025-03-31 2024-04-01 false false false 14 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A Titler Mrs S Titler 06537261 2024-04-01 2025-03-31 06537261 2025-03-31 06537261 2024-03-31 06537261 core:NetGoodwill 2025-03-31 06537261 core:NetGoodwill 2024-03-31 06537261 core:PlantMachinery 2025-03-31 06537261 core:FurnitureFittings 2025-03-31 06537261 core:ComputerEquipment 2025-03-31 06537261 core:MotorVehicles 2025-03-31 06537261 core:PlantMachinery 2024-03-31 06537261 core:FurnitureFittings 2024-03-31 06537261 core:ComputerEquipment 2024-03-31 06537261 core:MotorVehicles 2024-03-31 06537261 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06537261 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06537261 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06537261 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06537261 core:CurrentFinancialInstruments 2025-03-31 06537261 core:CurrentFinancialInstruments 2024-03-31 06537261 core:Non-currentFinancialInstruments 2025-03-31 06537261 core:Non-currentFinancialInstruments 2024-03-31 06537261 core:ShareCapital 2025-03-31 06537261 core:ShareCapital 2024-03-31 06537261 core:OtherMiscellaneousReserve 2025-03-31 06537261 core:OtherMiscellaneousReserve 2024-03-31 06537261 core:RetainedEarningsAccumulatedLosses 2025-03-31 06537261 core:RetainedEarningsAccumulatedLosses 2024-03-31 06537261 core:ShareCapitalOrdinaryShareClass1 2025-03-31 06537261 core:ShareCapitalOrdinaryShareClass1 2024-03-31 06537261 bus:Director1 2024-04-01 2025-03-31 06537261 core:Goodwill 2024-04-01 2025-03-31 06537261 core:PlantMachinery 2024-04-01 2025-03-31 06537261 core:FurnitureFittings 2024-04-01 2025-03-31 06537261 core:ComputerEquipment 2024-04-01 2025-03-31 06537261 core:MotorVehicles 2024-04-01 2025-03-31 06537261 2023-04-01 2024-03-31 06537261 core:NetGoodwill 2024-03-31 06537261 core:NetGoodwill 2024-04-01 2025-03-31 06537261 core:PlantMachinery 2024-03-31 06537261 core:FurnitureFittings 2024-03-31 06537261 core:ComputerEquipment 2024-03-31 06537261 core:MotorVehicles 2024-03-31 06537261 2024-03-31 06537261 core:WithinOneYear 2025-03-31 06537261 core:WithinOneYear 2024-03-31 06537261 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06537261 bus:OrdinaryShareClass1 2025-03-31 06537261 bus:OrdinaryShareClass1 2024-03-31 06537261 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06537261 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06537261 bus:FRS102 2024-04-01 2025-03-31 06537261 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06537261 bus:Director2 2024-04-01 2025-03-31 06537261 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP