REGISTERED NUMBER: 07211313 (England and Wales)

Financial Statements

for the Year Ended 30 August 2025

for

Style and Vision Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I A Marshall

REGISTERED OFFICE:

12 Harrogate Road

Bradford

BD2 3DU

REGISTERED NUMBER:

07211313 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

Fixed assets

Intangible assets

4

27,499

30,249

Property, plant and equipment

5

31,586

41,478

59,085

71,727

Current assets

Inventories

17,000

16,038

Debtors

6

11,429

10,946

Cash at bank and in hand

17,973

35,873

46,402

62,857

Creditors

Amounts falling due within one year

7

(34,581

)

(38,743

)

Net current assets

11,821

24,114

Total assets less current liabilities

70,906

95,841

Creditors

Amounts falling due after more than one year

8

(25,503

)

(34,740

)

Provisions for liabilities

(7,896

)

(10,369

)

Net assets

37,507

50,732

Capital and reserves

Called up share capital

10

200

200

Retained earnings

11

37,307

50,532

Shareholders' funds

37,507

50,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2026 and were signed by:

I A Marshall - Director

1.	STATUTORY INFORMATION

Style and 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

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

GOODWILL

Goodwill paid in connection with the purchase of a business in 2016 is being amortised evenly over its expected useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Computer equipment

-

33% on cost

STOCKS

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

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 August 2024

and 30 August 2025

57,999

AMORTISATION

At 31 August 2024

27,750

Charge for year

2,750

At 30 August 2025

30,500

NET BOOK VALUE

At 30 August 2025

27,499

At 30 August 2024

30,249

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 August 2024

and 30 August 2025

131,208

2,569

133,777

DEPRECIATION

At 31 August 2024

89,906

2,393

92,299

Charge for year

9,718

174

9,892

At 30 August 2025

99,624

2,567

102,191

NET BOOK VALUE

At 30 August 2025

31,584

2

31,586

At 30 August 2024

41,302

176

41,478

Included within Property, Plant and Equipment are two Maestro 2 OCT units purchased on 25 March 2022 at a total cost of 64,788. These assets were acquired under a hire purchase arrangement and are subject to the terms and conditions of the related finance agreement. The assets are recognized as Property, Plant and Equipment in accordance with the applicable accounting standards, with the corresponding hire purchase liability recognized separately in the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,738

6,365

Other debtors

1,445

1,816

Prepayments

3,246

2,765

11,429

10,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,238

9,238

Trade creditors

4,754

6,146

Corporation tax

11,824

15,101

Social security and other tax

1,458

1,276

Other creditors

1,478

2,270

Director's current account

107

112

Accrued expenses

5,722

4,600

34,581

38,743

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

25,503

34,740

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire Purchase

34,740

43,977

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

11.

RESERVES

Retained

earnings

£

At 31 August 2024

50,532

Profit for the year

36,775

Dividends

(50,000

)

At 30 August 2025

37,307

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividend of £50,000 were paid to the director throughout the year ended 30th August 2025 (£53,000-2024). The Company owed to the director £107 as at 30th August 2025 (£112-2024).