Abbreviated Company Accounts - NVISION LIMITED

05553979 NVISION LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05553979 2013-01-01 2013-12-31 05553979 2013-12-31 05553979 2012-12-31 05553979 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05553979 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05553979

NVISION LIMITED

Abbreviated Accounts

31 December 2013

NVISION LIMITED Registered Number 05553979

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	10,749	12,172
		10,749	12,172
Current assets
Stocks		9,141	10,122
Debtors	3	10,052	7,299
Cash at bank and in hand		16,956	12,156
		36,149	29,577
Creditors: amounts falling due within one year	4	(20,922)	(15,877)
Net current assets (liabilities)		15,227	13,700
Total assets less current liabilities		25,976	25,872
Total net assets (liabilities)		25,976	25,872
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		25,876	25,772
Shareholders' funds		25,976	25,872

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 September 2014

And signed on their behalf by:
MOHAMMED HARIS IQBAL, Director

NVISION LIMITED Registered Number 05553979

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Plant and machinery - 20.00% reducing balance method

Valuation information and policy
Fixed assets

All fixed assets were initally valued at cost.

Stocks

Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse, unless if differences are trifling.

2Tangible fixed assets

	£
Cost
At 1 January 2013	31,799
Additions	1,265
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	33,064
Depreciation
At 1 January 2013	19,627
Charge for the year	2,688
On disposals	-
At 31 December 2013	22,315
Net book values
At 31 December 2013	10,749
At 31 December 2012	12,172

3Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	10,052	7,299

4Creditors

	2013 £	2012 £
Secured Debts	20,922	15,877

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	MOHAMMED HARIS IQBAL
Description of the transaction:	DIRECTOR'S LOAN ACCOUNT
Balance at 1 January 2013:	£ 51
Advances or credits made:	£ 17,334
Advances or credits repaid:	£ 4,400
Balance at 31 December 2013:	£ 12,985