Vision Technology Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04048304 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Vision Technology Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Sanders

Mrs. P M Sanders

SECRETARY:

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

4,525

Tangible assets

2

3,646

CURRENT ASSETS

1,972

Stocks

3,272

9,277

Debtors

1,090

288

Cash in hand

150

11,537

4,512

CREDITORS

17,048

Amounts falling due within one year

15,857

(5,511

)

NET CURRENT LIABILITIES

(11,345

)

(986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,699

)

CAPITAL AND RESERVES

100

Called up share capital

3

100

(1,086

)

Profit and loss account

(7,799

)

(986

)

SHAREHOLDERS' FUNDS

(7,699

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 August 2014 and were signed on its behalf by:

R Sanders - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

36,999

DEPRECIATION

At 1 April 2013

32,474

Charge for year

879

At 31 March 2014

33,353

NET BOOK VALUE

At 31 March 2014

3,646

At 31 March 2013

4,525

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no repayment terms regarding this loan and interest has been charged at a commercial rate.