Visor Consultants (UK) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06497980 (England and Wales)

VISOR CONSULTANTS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Power

R Admiral D K Bawtree

REGISTERED OFFICE:

The Charmwood Centre

Southampton Road

Bartley

Southampton

Hampshire

SO40 2NA

REGISTERED NUMBER:

06497980 (England and Wales)

ACCOUNTANTS:

Hargreaves & Co

The Charmwood Centre

Southampton Road

Bartley

Southampton

Hampshire

SO40 2NA

FIXED ASSETS

Tangible assets

4

2,383

14,620

CURRENT ASSETS

Debtors

5

3,740

3,495

Cash at bank

2,919

16,366

6,659

19,861

CREDITORS

Amounts falling due within one year

6

(3,457

)

(12,690

)

NET CURRENT ASSETS

3,202

7,171

TOTAL ASSETS LESS CURRENT LIABILITIES

5,585

21,791

CAPITAL AND RESERVES

Called up share capital

4

4

Share premium

2,997

2,997

Retained earnings

2,584

18,790

SHAREHOLDERS' FUNDS

5,585

21,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 January 2019 and were signed on its behalf by:

P Power - Director

1.	STATUTORY INFORMATION

Visor Consultants (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Freehold property

-

15% on reducing balance and

Fixtures and fittings

-

20% on reducing balance

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 using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 June 2017

20,697

12,440

33,137

Disposals

(20,697

)

-

(20,697

)

At 31 May 2018

-

12,440

12,440

DEPRECIATION

At 1 June 2017

9,056

9,461

18,517

Charge for year

1,034

596

1,630

Eliminated on disposal

(10,090

)

-

(10,090

)

At 31 May 2018

-

10,057

10,057

NET BOOK VALUE

At 31 May 2018

-

2,383

2,383

At 31 May 2017

11,641

2,979

14,620

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

3,000

3,000

VAT

740

495

3,740

3,495

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

(106

)

(106

)

Social security and other taxes

(241

)

(367

)

Other creditors

498

2,450

Directors' current accounts

1,352

8,759

Accrued expenses

1,954

1,954

3,457

12,690

7.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors Mr D K Bawtree and Mr P G Power.