Vision Contracts Ltd

Vision Contracts Ltd
Contents Page
For the year ended 30 June 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Vision Contracts Ltd Accountants' Report For the year ended 30 June 2025
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Vision Contracts Ltd for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us. As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. This report is made solely to the member of Vision Contracts Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vision Contracts Ltd and state those matters that we have agreed to state to the Board of Vision Contracts Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Contracts Ltd and its members as a body for our work or for this report. It is your duty to ensure that Vision Contracts Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Vision Contracts Ltd. You consider that Vision Contracts Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Vision Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Allazo Ltd 2 Claridge Court Lower Kings Road Berkhamsted Hertfordshire HP4 2AF 30 December 2025 1

Vision Contracts Ltd
Accountants' Report
For the year ended 30 June 2025

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Vision Contracts Ltd for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Vision Contracts Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vision Contracts Ltd and state those matters that we have agreed to state to the Board of Vision Contracts Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Contracts Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Vision Contracts Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Vision Contracts Ltd. You consider that Vision Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Vision Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
30 December 2025

1

Registered Number: 06294762 Vision Contracts Ltd
Statement of Financial Position
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,045,207	1,190,180
		1,045,207	1,190,180
Current assets
Debtors: amounts falling due within one year		5,720,261	3,487,717
Cash at bank and in hand		437,726	709,829
		6,157,987	4,197,546
Creditors: amount falling due within one year		(1,040,722)	(667,214)
Net current assets		5,117,265	3,530,332

Total assets less current liabilities		6,162,472	4,720,512
Provisions for liabilities		(152,753)	(173,587)
Net assets		6,009,719	4,546,925

Capital and reserves
Called up share capital	4	104	102
Profit and loss account		6,009,615	4,546,823
Shareholders' funds		6,009,719	4,546,925

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 30 December 2025 and were signed on its behalf by:

-------------------------------
Jack Connare
Director

2

Vision Contracts Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2025

General Information

Vision Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 06294762, registration address 2 Claridge Court,, Lower Kings Road, Berkhamsted, Berkhamsted, HP4 2AF. The trading address of the company is Searches Farm, Searches Lane, Bedmond, Hertfordshire, WD5 0SB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the rendering of service, the policies adopted are as follows:

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable or refundable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Plant and Machinery	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Significant Judgements and Estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The management believes that there are no specific significant judgements which warrant disclosure other than the general policies listed.

2.	Average number of employees Average number of employees during the year was 18 (2024 : 15).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 July 2024	21,946	1,617,237	12,529	21,573	1,673,285
Additions	-	230,896	-	17,796	248,692
Disposals	-	(76,789)	-	-	(76,789)
At 30 June 2025	21,946	1,771,344	12,529	39,369	1,845,188
Depreciation
At 01 July 2024	16,784	449,006	9,156	8,159	483,105
Charge for year	1,290	329,395	843	9,842	341,370
On disposals	-	(24,494)	-	-	(24,494)
At 30 June 2025	18,074	753,907	9,999	18,001	799,981
Net book values
Closing balance as at 30 June 2025	3,872	1,017,437	2,530	21,368	1,045,207
Opening balance as at 01 July 2024	5,162	1,168,231	3,373	13,414	1,190,180

4.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
50 Ordinary shares of £1.00 each	50	50
25 Ordinary A shares of £1.00 each	25	25
25 Ordinary B shares of £1.00 each	25	25
1 Ordinary C share of £1.00 each	1	1
1 Ordinary D share of £1.00 each	1	1
1 Ordinary E share of £1.00 each	1	-
1 Ordinary F share of £1.00 each	1	-
	104	102

5.	Related parties The directors owed £1,551,950 (2024; £661,172) to the company by way of a short term, interest bearing loan. The loan incurred section 455 in the period as it was not repaid in sufficient time.

3

Registered Number: 06294762
England and Wales
VISION CONTRACTS LTD

Abridged Accounts

Period of accounts Start date: 01 July 2024 End date: 30 June 2025