Visionwise Solutions Limited - Limited company accounts 11.6

REGISTERED NUMBER: 06415614 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

VISIONWISE SOLUTIONS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S K M Son

Mrs S A Son

SECRETARY:

S K M Son

REGISTERED OFFICE:

91B Bushey Grove Road

Bushey

Hertfordshire

WD23 2JN

REGISTERED NUMBER:

06415614 (England and Wales)

ACCOUNTANTS:

Baldwin Scofield & Co

Chartered Accountants

3 Newhouse Business Centre

Old Crawley Road

Horsham

West Sussex

RH12 4RU

The directors present their report with the financial statements of the company for the year ended 30 November 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2013 to the date of this

report.

S K M Son

Mrs S A Son

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

S K M Son - Director

23 February 2015

TURNOVER

1,600

52,266

Administrative expenses

1,634

39,734

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(34

)

12,532

Tax on (loss)/profit on ordinary activities

3

9

2,566

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(43

)

9,966

FIXED ASSETS

Tangible assets

5

-

77

CURRENT ASSETS

Debtors

6

1

5,908

Cash at bank

-

256

1

6,164

CREDITORS

Amounts falling due within one year

7

-

6,197

NET CURRENT ASSETS/(LIABILITIES)

1

(33

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1

44

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

(1

)

42

SHAREHOLDERS' FUNDS

1

44

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 23 February 2015 and were signed on its behalf
by:

S K M Son - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

30.11.14

30.11.13

£

Depreciation - owned assets

-

320

Loss on disposal of fixed assets

77

-

Directors' remuneration and other benefits etc

-

14,817

3.

TAXATION

Analysis of the tax charge

The tax charge on the loss on ordinary activities for the year was as follows:

30.11.14

30.11.13

£

Current tax:

UK corporation tax

9

2,566

Tax on (loss)/profit on ordinary activities

9

2,566

4.

DIVIDENDS

30.11.14

30.11.13

£

Ordinary shares of £1 each

Final

-

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2013

6,608

Disposals

(6,608

)

At 30 November 2014

-

DEPRECIATION

At 1 December 2013

6,531

Eliminated on disposal

(6,531

)

At 30 November 2014

-

NET BOOK VALUE

At 30 November 2014

-

At 30 November 2013

77

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.14

30.11.13

£

Other debtors

1

5,908

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.14

30.11.13

£

Taxation and social security

-

5,097

Other creditors

-

1,100

-

6,197

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

2

Ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 December 2013

42

Deficit for the year

(43

)

At 30 November 2014

(1

)