Company No: 04660574 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	O S E Davies
	P H M Durnford
	S N Fowler
	D A Holmes
	R A Kimber-Danger

REGISTERED OFFICE	The Old Dairy
	Fonthill Bishop
	Salisbury
	SP3 5SH
	United Kingdom

COMPANY NUMBER

04660574 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Hitchcock House
	Hilltop Park
	Devizes Road
	Salisbury
	Wiltshire SP3 4UF

	Note	2023		2022
		£		£
Fixed assets
Investments	5	70,360		0
		70,360		0
Current assets
Debtors	6	313,681		230,778
Cash at bank and in hand		94,745		132,585
		408,426		363,363
Creditors: amounts falling due within one year	7, 9	( 351,288)		( 270,582)
Net current assets		57,138		92,781
Total assets less current liabilities		127,498		92,781
Creditors: amounts falling due after more than one year	8	( 21,667)		( 31,667)
Net assets		105,831		61,114
Capital and reserves
Called-up share capital		100		100
Profit and loss account		105,731		61,014
Total shareholders' funds		105,831		61,114

For the financial year ending 31 March 2023 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Rural Vision Ltd (registered number: 04660574) were approved and authorised for issue by the Board of Directors on 14 June 2023. They were signed on its behalf by:

D A Holmes Director

S N Fowler Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rural Vision Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Dairy, Fonthill Bishop, Salisbury, SP3 5SH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2022	650,000		650,000
At 31 March 2023	650,000		650,000
Accumulated amortisation
At 01 April 2022	650,000		650,000
At 31 March 2023	650,000		650,000
Net book value
At 31 March 2023	0		0
At 31 March 2022	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2022	43,185		43,185
At 31 March 2023	43,185		43,185
Accumulated depreciation
At 01 April 2022	43,185		43,185
At 31 March 2023	43,185		43,185
Net book value
At 31 March 2023	0		0
At 31 March 2022	0		0

5. Fixed asset investments

Investments in subsidiaries

	2023
	£
Cost
At 01 April 2022	0
Additions	70,360
At 31 March 2023	70,360
Carrying value at 31 March 2023	70,360
Carrying value at 31 March 2022	0

6. Debtors

	2023		2022
	£		£
Trade debtors	306,447		224,192
Other debtors	7,234		6,586
	313,681		230,778

7. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans	10,000		10,000
Trade creditors	19,452		19,458
Corporation tax	45,700		64,738
Other taxation and social security	119,685		103,559
Other creditors	156,451		72,827
	351,288		270,582

8. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	21,667		31,667

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Advances to directors

	2023		2022
	£		£
A W Fortescue	0		13,805
S N Fowlers	0		13,805
O S E Davies	(165)		6,276
P J Tory	8,918		6,276
P H M Durnford	(193)		673
D A Holmes	(425)		(1,839)
R A Kimber-Danger	(918)		(1,234)
	7,217		37,762

Loans are interest free and repayable on demand.