COMPANY REGISTRATION NUMBER:
07678824
Visions for Schools & Education Limited
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Filleted Unaudited Abridged Financial Statements
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Visions for Schools & Education Limited
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Chartered Management Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Visions for Schools & Education Limited
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Year ended 30 June 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Visions for Schools & Education Limited for the year ended 30 June 2019, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com. This report is made solely to the Board of Directors of Visions for Schools & Education Limited, as a body, in accordance with the terms of our engagement letter dated 26 April 2012. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Visions for Schools & Education Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Visions for Schools & Education Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Visions for Schools & Education Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Visions for Schools & Education Limited. You consider that Visions for Schools & Education Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Visions for Schools & Education Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
MHR CONSULTANCY LTD
Chartered Management Accountants
Minster House, 126a High St
Whitton
TWICKENHAM
Middlesex
TW2 7LL
10 February 2020
Visions for Schools & Education Limited
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Abridged Statement of Financial Position
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30 June 2019
Fixed assets
Tangible assets
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5
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1,290
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3,271
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Current assets
Debtors
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16,414
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43,527
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Cash at bank and in hand
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12,594
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14,806
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--------
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--------
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29,008
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58,333
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Creditors: amounts falling due within one year
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40,064
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94,305
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--------
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--------
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Net current liabilities
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11,056
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35,972
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--------
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--------
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Total assets less current liabilities
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(
9,766)
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(
32,701)
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-------
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--------
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Net liabilities
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(
9,766)
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(
32,701)
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-------
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--------
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Capital and reserves
Called up share capital
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100
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100
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Profit and loss account
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(
9,866)
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(
32,801)
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-------
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Shareholders deficit
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(
9,766)
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(
32,701)
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-------
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--------
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
10 February 2020
, and are signed on behalf of the board by:
Ms V Clarke
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Mrs E Davis
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Director
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Director
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Company registration number:
07678824
Visions for Schools & Education Limited
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Notes to the Abridged Financial Statements
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Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Minster House, 126a High St, Whitton, TWICKENHAM, Middlesex, TW2 7LL.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Due to the directors continued financial support, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
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Fixtures and fittings
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-
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25% straight line
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Equipment
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-
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4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2018:
5
).
5.
Tangible assets
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£
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Cost
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At 1 July 2018 and 30 June 2019
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10,030
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Depreciation
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At 1 July 2018
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6,759
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Charge for the year
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1,981
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At 30 June 2019
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8,740
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Carrying amount
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At 30 June 2019
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1,290
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At 30 June 2018
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3,271
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6.
Directors' advances, credits and guarantees
During the year a loan of £4,643 was made to a director. This was repaid within 9 months of the end of the financial year.