VISION TECHNOLOGY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04048304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

VISION TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Sanders

Mrs. P M Sanders

REGISTERED OFFICE:

28 Childwall Valley Road,

Liverpool

Merseyside

L16 4PE

REGISTERED NUMBER:

04048304 (England and Wales)

ACCOUNTANTS:

R.L.Ferris Ltd

Chartered Accountants

64 Derby Lane

Liverpool

Merseyside

L13 3DN

FIXED ASSETS

2,475

Tangible assets

4

2,087

CURRENT ASSETS

2,621

Stocks

4,176

4,324

Debtors

5

7,404

23,842

Cash at bank and in hand

7,427

30,787

19,007

CREDITORS

29,656

Amounts falling due within one year

6

19,229

1,131

NET CURRENT (LIABILITIES)/ASSETS

(222

)

3,606

TOTAL ASSETS LESS CURRENT LIABILITIES

1,865

CAPITAL AND RESERVES

100

Called up share capital

100

3,506

Retained earnings

1,765

3,606

SHAREHOLDERS' FUNDS

1,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 4 September 2020 and were signed on its behalf by:

R Sanders - Director

1.	STATUTORY INFORMATION

VISION TECHNOLOGY 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

26,058

DEPRECIATION

At 1 April 2019

23,583

Charge for year

388

At 31 March 2020

23,971

NET BOOK VALUE

At 31 March 2020

2,087

At 31 March 2019

2,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

7,404

4,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

6,911

8,388

Taxation and social security

6,212

8,535

Other creditors

6,106

12,733

19,229

29,656

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2019 - £5,000) were paid to the directors .