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 2021

View Brand Vision Limited

Statement of Financial Position

31 January 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		299,968	289,407

Current assets

Debtors	6	89,456	92,593
Cash at bank and in hand		116,854	130,361
		---------	---------
		206,310	222,954

Creditors: amounts falling due within one year	7	177,868		140,581
		---------		---------
Net current assets			28,442	82,373
			---------	---------
Total assets less current liabilities			328,410	371,780

Provisions

Taxation including deferred tax	676	676
	---------	---------
Net assets	327,734	371,104
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	327,733	371,103
	---------	---------
Shareholders funds	327,734	371,104
	---------	---------

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 2021 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 2021

These financial statements were approved by the board of directors and authorised for issue on 11 October 2021 , 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 2021

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.

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 (2020: 3 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 February 2020	296,604	2,520	15,403	95,657	410,184
Additions	–	–	–	3,053	3,053
	---------	-------	--------	--------	---------
At 31 January 2021	296,604	2,520	15,403	98,710	413,237
	---------	-------	--------	--------	---------
Depreciation
At 1 February 2020	–	2,520	15,403	102,854	120,777
Charge for the year	–	–	–	( 7,508)	( 7,508)
	---------	-------	--------	---------	---------
At 31 January 2021	–	2,520	15,403	95,346	113,269
	---------	-------	--------	---------	---------
Carrying amount
At 31 January 2021	296,604	–	–	3,364	299,968
	---------	-------	--------	---------	---------
At 31 January 2020	296,604	–	–	( 7,197)	289,407
	---------	-------	--------	---------	---------

6. Debtors

	2021	2020
	£	£
Trade debtors	41,253	32,463
Other debtors	48,203	60,130
	--------	--------
	89,456	92,593
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Social security and other taxes	17,878	17,100
Other creditors	159,990	123,481
	---------	---------
	177,868	140,581
	---------	---------

8. Directors' advances, credits and guarantees

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

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms V I Wickes	( 114,797)	( 37,631)	( 152,428)
	---------	--------	---------

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