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Company Registration No. 10623705 (England and Wales)
VISTA CONTRACTS SOUTH EAST LIMITED Unaudited accounts for the year ended 31 March 2025
VISTA CONTRACTS SOUTH EAST LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VISTA CONTRACTS SOUTH EAST LIMITED Company Information for the year ended 31 March 2025
Director
Matthew Radley
Company Number
10623705 (England and Wales)
Registered Office
45 Chase Court Gardens Enfield Middlesex EN2 8DJ England
Accountants
MiAccountant 45 Chase Court Gardens Enfield EN2 8DJ
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VISTA CONTRACTS SOUTH EAST LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,309
945
Current assets
Debtors
5
1,581,106
1,405,020
Cash at bank and in hand
6,829
318,501
1,587,935
1,723,521
Creditors: amounts falling due within one year
6
(1,593,774)
(1,712,668)
Net current (liabilities)/assets
(5,839)
10,853
Total assets less current liabilities
1,470
11,798
Creditors: amounts falling due after more than one year
7
(1,220)
(9,610)
Net assets
250
2,188
Capital and reserves
Called up share capital
8
50
50
Capital redemption reserve
50
50
Profit and loss account
150
2,088
Shareholders' funds
250
2,188
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 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 8 December 2025 and were signed on its behalf by
Matthew Radley Director Company Registration No. 10623705
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VISTA CONTRACTS SOUTH EAST LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
VISTA CONTRACTS SOUTH EAST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10623705. The registered office is 45 Chase Court Gardens, Enfield, Middlesex, EN2 8DJ, 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.
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% Straight Line
Computer equipment
25% Straight Line
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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VISTA CONTRACTS SOUTH EAST LIMITED Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
10,992
1,906
12,898
Additions
8,678
464
9,142
At 31 March 2025
19,670
2,370
22,040
Depreciation
At 1 April 2024
10,977
976
11,953
Charge for the year
2,185
593
2,778
At 31 March 2025
13,162
1,569
14,731
Net book value
At 31 March 2025
6,508
801
7,309
At 31 March 2024
15
930
945
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
73,799
220,663
Accrued income and prepayments
-
70,000
Other debtors
1,507,307
1,114,357
1,581,106
1,405,020
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,520
13,520
VAT
509,364
542,213
Trade creditors
683,218
788,921
Taxes and social security
256,419
239,950
Other creditors
131,253
128,064
1,593,774
1,712,668
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,220
9,610
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VISTA CONTRACTS SOUTH EAST LIMITED Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50.00
50.00
1 A Ordinary Shares of £0.01 each
0.01
0.01
1 C Ordinary Shares of £0.01 each
0.01
0.01
1 E Ordinary Shares of £0.01 each
0.01
0.01
1 F Ordinary Shares of £0.01 each
0.01
0.01
1 G Ordinary Shares of £0.01 each
0.01
0.01
50.05
50.05
9
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
1,336
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Matthew Radley
Adavances and Credits
408,430
388,224
470,494
326,160
408,430
388,224
470,494
326,160
Included in other debtors is an amount of £326,160 (2024: £408,430) due from one of the directors of the company. There were advances made in the year of £388,225 (2024: £515,466) and repayments of £470,494 (2024: £170,613). Interest is chargeable on this overdrawn loan amount at a rate of 2% per annum. The total interest charged for the year is £11,033 (2024: £5,022). Subsequent to the year end all of this loan was repaid.
11
Transactions with related parties
The Company has had the following related party transactions during the year ended 31 March 2025: Outstanding loan balances due from companies under common control amounted to £1,044,419 (2024: £581,809). The loans are unsecured and repayable on demand. Expenses totaling £450,000 (2024: £770,000) were incurred in relation to services provided by companies under common control. The Company's management believes that the related party transactions have been conducted on an arm's length basis and that they have not had a material impact on the financial position or performance of the Company.
12
Average number of employees
During the year the average number of employees was 5 (2024: 6).
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