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Registered number: 08103187
Vivid Visions Paintworx Ltd
Financial Statements
For The Year Ended 30 June 2025
Affinity Associates (AU) Limited
Suite A, First Floor, Unit 1
Eurogate Business Park, Trinity Road
Ashford
Kent
TN24 8XW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08103187
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,418 66,397
Investments 5 100 100
81,518 66,497
CURRENT ASSETS
Stocks 6 6,950 6,000
Debtors 7 472,498 336,008
Cash at bank and in hand 223,676 205,155
703,124 547,163
Creditors: Amounts Falling Due Within One Year 8 (352,665 ) (257,327 )
NET CURRENT ASSETS (LIABILITIES) 350,459 289,836
TOTAL ASSETS LESS CURRENT LIABILITIES 431,977 356,333
Creditors: Amounts Falling Due After More Than One Year 9 (19,662 ) (23,892 )
NET ASSETS 412,315 332,441
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 412,215 332,341
SHAREHOLDERS' FUNDS 412,315 332,441
Page 1
Page 2
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr L Parker
Director
2 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Vivid Visions Paintworx Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08103187 . The registered office is Unit 2 Javelin Way, Henwood Industrial Estate, Ashford, Kent, TN24 8DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation
Plant & Machinery 10% straight line
Motor Vehicles 25% reducing balance
Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Equipment Total
£ £ £ £
Cost
As at 1 July 2024 65,575 21,500 57,304 144,379
Additions 23,510 3,864 475 27,849
As at 30 June 2025 89,085 25,364 57,779 172,228
Depreciation
As at 1 July 2024 19,376 19,867 38,739 77,982
Provided during the period 7,497 650 4,681 12,828
As at 30 June 2025 26,873 20,517 43,420 90,810
Net Book Value
As at 30 June 2025 62,212 4,847 14,359 81,418
As at 1 July 2024 46,199 1,633 18,565 66,397
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 July 2024 100
As at 30 June 2025 100
Provision
As at 1 July 2024 -
As at 30 June 2025 -
Net Book Value
As at 30 June 2025 100
As at 1 July 2024 100
6. Stocks
2025 2024
£ £
Stock 6,950 6,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 253,862 157,971
Other debtors 24,521 19,922
278,383 177,893
Due after more than one year
Amounts owed by group undertakings 194,115 158,115
472,498 336,008
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 123,932 86,776
Bank loans and overdrafts 4,906 5,581
Other creditors 119,421 56,195
Taxation and social security 104,406 108,775
352,665 257,327
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 19,662 23,892
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, £194,115 was owed from Vivid Visions Group Limited, a wholly owned subsidiary.
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