View Brand Vision Limited Filleted accounts for Companies House (small and micro)

VIEW BRAND VISION LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04665469

View Brand Vision Limited

Filleted Unaudited Financial Statements

31 January 2020

View Brand Vision Limited

Statement of Financial Position

31 January 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		289,407	285,770

Current assets

Debtors	6	92,593	165,211
Cash at bank and in hand		130,361	133,375
		---------	---------
		222,954	298,586

Creditors: amounts falling due within one year	7	140,581		80,448
		---------		---------
Net current assets			82,373	218,138
			---------	---------
Total assets less current liabilities			371,780	503,908

Provisions

Taxation including deferred tax	676	676
	---------	---------
Net assets	371,104	503,232
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	371,103	503,231
	---------	---------
Shareholders funds	371,104	503,232
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

View Brand Vision Limited

Statement of Financial Position (continued)

31 January 2020

These financial statements were approved by the board of directors and authorised for issue on 27 October 2020 , and are signed on behalf of the board by:

Ms V I Wickes

Director

Company registration number: 04665469

View Brand Vision Limited

Notes to the Financial Statements

Year ended 31 January 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7a Paper Mill Building, City Garden Row, London, N1 8DW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and manchinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Equipments	-	25% straight line

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 3 (2019: 5 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 February 2019	285,961	2,520	15,403	95,657	399,541
Additions	10,643	–	–	–	10,643
	---------	-------	--------	--------	---------
At 31 January 2020	296,604	2,520	15,403	95,657	410,184
	---------	-------	--------	--------	---------
Depreciation
At 1 February 2019	–	2,520	15,157	96,094	113,771
Charge for the year	–	–	246	6,760	7,006
	---------	-------	--------	---------	---------
At 31 January 2020	–	2,520	15,403	102,854	120,777
	---------	-------	--------	---------	---------
Carrying amount
At 31 January 2020	296,604	–	–	( 7,197)	289,407
	---------	-------	--------	---------	---------
At 31 January 2019	285,961	–	246	( 437)	285,770
	---------	-------	--------	---------	---------

6. Debtors

	2020	2019
	£	£
Trade debtors	32,463	86,268
Other debtors	60,130	78,943
	--------	---------
	92,593	165,211
	--------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	–	8,630
Social security and other taxes	17,100	34,737
Other creditors	123,481	37,081
	---------	--------
	140,581	80,448
	---------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms V I Wickes	( 31,648)	( 83,149)	( 114,797)
	--------	--------	---------

	2019
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms V I Wickes	( 62,062)	30,414	( 31,648)
	--------	--------	--------