Project Vision Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04488158 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

PROJECT VISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Redmond

J Wagstaffe

SECRETARY:

T Redmond

REGISTERED OFFICE:

Plaza Building

102 Lee High Road

Lewisham

London

SE13 5PT

REGISTERED NUMBER:

04488158 (England and Wales)

ACCOUNTANTS:

Andrew Cross & Co.

Plaza Building

Lee High Road

Lewisham

London

SE13 5PT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,763

11,142

8,763

11,142

CURRENT ASSETS

Debtors

6

560,570

532,228

Cash at bank

89,355

90,132

649,925

622,360

CREDITORS

Amounts falling due within one year

7

624,687

612,897

NET CURRENT ASSETS

25,238

9,463

TOTAL ASSETS LESS CURRENT LIABILITIES

34,001

20,605

CAPITAL AND RESERVES

Called up share capital

950

950

Capital redemption reserve

50

50

Retained earnings

33,001

19,605

SHAREHOLDERS' FUNDS

34,001

20,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 March 2020 and were signed on its behalf by:

T Redmond - Director

J Wagstaffe - Director

1.	STATUTORY INFORMATION

Project 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of seven 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.

Plant and machinery etc

-

25% on cost and 20% on cost

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 11 (2018 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

8,000

AMORTISATION

At 1 August 2018

and 31 July 2019

8,000

NET BOOK VALUE

At 31 July 2019

-

At 31 July 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

19,002

Additions

579

At 31 July 2019

19,581

DEPRECIATION

At 1 August 2018

7,860

Charge for year

2,958

At 31 July 2019

10,818

NET BOOK VALUE

At 31 July 2019

8,763

At 31 July 2018

11,142

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

388,207

261,386

Other debtors

172,363

270,842

560,570

532,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

268,099

247,883

Taxation and social security

67,517

64,297

Other creditors

289,071

300,717

624,687

612,897

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2019 and

31 July 2018:

2019

2018

£

£

T Redmond

Balance outstanding at start of year

7,000

-

Amounts advanced

150

7,000

Amounts repaid

(7,150

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,000

J Wagstaffe

Balance outstanding at start of year

6,300

14,000

Amounts repaid

(6,300

)

(7,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,300