Vision Profiles Ltd Filleted accounts for Companies House (small and micro)
Vision Profiles Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
3704000
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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------------ |
------------ |
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Net assets |
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------------ |
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Capital and reserves
Called up share capital |
9 |
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Capital redemption reserve |
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Profit and loss account |
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------------ |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 March 2023
, and are signed on behalf of the board by:
|
Director |
Company registration number:
3704000
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Notes to the Financial Statements |
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit K, Quedgeley West Business Park, Bristol Road, Gloucestershire, GL2 4PA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Operating leases
Tangible assets
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:
Buildings |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
43
(2021:
40
).
5.
Tangible assets
Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Jan 2022 |
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Additions |
– |
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Transfers |
(
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– |
– |
– |
– |
------------ |
------------ |
-------- |
--------- |
--------- |
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At 31 Dec 2022 |
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------------ |
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-------- |
--------- |
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Depreciation |
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At 1 Jan 2022 |
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Charge for the year |
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Transfers |
(
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– |
– |
– |
– |
------------ |
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-------- |
--------- |
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At 31 Dec 2022 |
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------------ |
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-------- |
--------- |
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Carrying amount |
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At 31 Dec 2022 |
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------------ |
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-------- |
--------- |
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At 31 Dec 2021 |
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------------ |
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-------- |
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6.
Debtors
2022 |
2021 |
|
£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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Other debtors |
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------------ |
------------ |
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------------ |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
|
£ |
£ |
|
Bank loans and overdrafts |
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Payments received on account |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------------ |
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The bank loans are secured on the company's assets.
8.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
|
£ |
£ |
|
Bank loans and overdrafts |
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--------- |
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The bank loans are secured on the company's assets.
9.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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29,400 |
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29,400 |
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|
100 |
|
100 |
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|
100 |
|
100 |
-------- |
-------- |
-------- |
-------- |
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-------- |
-------- |
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10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 |
2021 |
|
£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
– |
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------- |
-------- |
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------- |
-------- |
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11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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--------- |
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2021 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
£ |
£ |
£ |
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--------- |
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The director's loan is repayable on demand and interest is payable at HMRC's 'official rate' of interest.