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Registered number: 09414382
Vision Windscreens Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Paul Monaghan Chartered Accountant
ICAEW
18 Hartshill Close
Uxbridge
Middlesex
UB10 9LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09414382
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,000 -
Tangible Assets 5 134,316 108,381
152,316 108,381
CURRENT ASSETS
Debtors 6 203,777 158,198
Cash at bank and in hand 120,910 118,452
324,687 276,650
Creditors: Amounts Falling Due Within One Year 7 (149,459 ) (132,473 )
NET CURRENT ASSETS (LIABILITIES) 175,228 144,177
TOTAL ASSETS LESS CURRENT LIABILITIES 327,544 252,558
Creditors: Amounts Falling Due After More Than One Year 8 (25,210 ) (18,384 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,236 ) (26,011 )
NET ASSETS 270,098 208,163
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 270,097 208,162
SHAREHOLDERS' FUNDS 270,098 208,163
Page 1
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For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Profit and Loss Account.
On behalf of the board
Mr Richard Drew
Director
8 September 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Vision Windscreens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09414382 . The registered office is Unit M3 Basingstoke Road, Swallowfield, Reading, RG7 1PQ.
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
The turnover shown in the profit and loss account represents revenue earned from automotive windscreen installation during the period, excluding VAT. Revenue is recognised when the client approves work done for invoicing.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 5 years
Motor Vehicles 5 years
Computer Equipment 5 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained finance leases are capitalised as tangible fixed assets and are depreciated over their estimated useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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 year 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 asset reflects 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Service Delivery 7 6
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2025 -
Additions 20,000
As at 31 January 2026 20,000
...CONTINUED
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Amortisation
As at 1 February 2025 -
Provided during the period 2,000
As at 31 January 2026 2,000
Net Book Value
As at 31 January 2026 18,000
As at 1 February 2025 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2025 32,034 186,834 15,364 234,232
Additions 10,000 53,375 - 63,375
Disposals - (17,665 ) - (17,665 )
As at 31 January 2026 42,034 222,544 15,364 279,942
Depreciation
As at 1 February 2025 21,729 99,927 4,195 125,851
Provided during the period 4,465 29,904 3,071 37,440
Disposals - (17,665 ) - (17,665 )
As at 31 January 2026 26,194 112,166 7,266 145,626
Net Book Value
As at 31 January 2026 15,840 110,378 8,098 134,316
As at 1 February 2025 10,305 86,907 11,169 108,381
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 104,310 89,205
Other debtors 28,441 2,500
Director's loan account 71,026 66,493
203,777 158,198
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 11,536 5,000
Trade creditors 48,936 23,490
Bank loans and overdrafts 4,928 8,283
Corporation tax 45,216 54,812
VAT 37,180 39,225
Other creditors - 312
Accruals and deferred income 1,663 1,351
149,459 132,473
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 25,210 13,456
Bank loans - 4,928
25,210 18,384
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,536 5,000
Later than one year and not later than five years 25,210 13,456
36,746 18,456
36,746 18,456
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Richard Drew 66,493 4,533 - - 71,026
Interst is paid by the Director at the HMRC rate for non-beneficial loans, calcullated on a daily basis.  The maximum loan in the year was £71,026.
Dividends paid to directors
2026 2025
£ £
Mr Richard Drew 36,400 45,050
12. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 72,800 90,100
13. Ultimate Controlling Party
The company's ultimate controlling party is Richard Drew by virtue of his ownership of 70% of the issued share capital in the company.
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