REGISTERED NUMBER: 04339006 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2025

for

Mayne Vision Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Maynard

Mrs C Maynard

REGISTERED OFFICE:

213 London Road

Hadleigh

Benfleet

Essex

SS7 2RD

REGISTERED NUMBER:

04339006 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

213 London Road

Hadleigh

Benfleet

Essex

SS7 2RD

FIXED ASSETS

Tangible assets

4

75,968

77,382

CURRENT ASSETS

Stocks

5

265,530

337,577

Debtors

6

5,519

16,354

Cash in hand

5,732

5,797

276,781

359,728

CREDITORS

Amounts falling due within one year

7

239,691

324,118

NET CURRENT ASSETS

37,090

35,610

TOTAL ASSETS LESS CURRENT LIABILITIES

113,058

112,992

CREDITORS

Amounts falling due after more than one year

8

38,440

32,657

NET ASSETS

74,618

80,335

CAPITAL AND RESERVES

Called up share capital

10

19,500

19,500

Capital redemption reserve

11

10,500

10,500

Retained earnings

11

44,618

50,335

SHAREHOLDERS' FUNDS

74,618

80,335

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2026 and were signed on its behalf by:

Mr D J Maynard - Director

1.	STATUTORY INFORMATION

Mayne Vision Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st June 2024

192,904

78,984

28,324

300,212

Additions

-

34,029

-

34,029

Disposals

-

(19,499

)

-

(19,499

)

At 31st May 2025

192,904

93,514

28,324

314,742

DEPRECIATION

At 1st June 2024

157,336

37,171

28,323

222,830

Charge for year

11,856

17,418

-

29,274

Eliminated on disposal

-

(13,330

)

-

(13,330

)

At 31st May 2025

169,192

41,259

28,323

238,774

NET BOOK VALUE

At 31st May 2025

23,712

52,255

1

75,968

At 31st May 2024

35,568

41,813

1

77,382

5.

STOCKS

31/5/25

31/5/24

£

£

Stocks

265,530

337,577

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Other debtors

5,519

16,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts (see note 9)

20,705

33,877

Trade creditors

99,773

150,697

Social security and other taxes

47,262

30,274

Other creditors

71,951

109,270

239,691

324,118

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Other creditors

38,440

32,657

9.

LOANS

An analysis of the maturity of loans is given below:

31/5/25

31/5/24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

20,705

-

Bank loans

-

33,877

20,705

33,877

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/25

31/5/24

value:

£

£

19,500

Ordinary Shares

£1

19,500

19,500

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st June 2024

50,335

10,500

60,835

Profit for the year

3,783

3,783

Dividends

(9,500

)

(9,500

)

At 31st May 2025

44,618

10,500

55,118