Company Registration No. 10482894 (England and Wales)
ONE VISION MAYO LIMITED
Unaudited accounts
for the year ended 31 January 2023
ONE VISION MAYO LIMITED
Unaudited accounts
Contents
ONE VISION MAYO LIMITED
Company Information
for the year ended 31 January 2023
Directors
Rebecca Louise Heron
Liam Martin Mcgee
Company Number
10482894 (England and Wales)
Registered Office
5 SHADWELL WALK
LEEDS
LS17 6EQ
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
ONE VISION MAYO LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
14,934
18,387
Cash at bank and in hand
32,864
16,672
Creditors: amounts falling due within one year
(83,357)
(53,816)
Net current assets
49,926
49,529
Total assets less current liabilities
64,860
67,916
Provisions for liabilities
Deferred tax
(3,494)
(3,494)
Called up share capital
2
2
Profit and loss account
61,364
64,420
Shareholders' funds
61,366
64,422
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by
Rebecca Louise Heron
Director
Company Registration No. 10482894
ONE VISION MAYO LIMITED
Notes to the Accounts
for the year ended 31 January 2023
ONE VISION MAYO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10482894. The registered office is 5 SHADWELL WALK, LEEDS, LS17 6EQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
ONE VISION MAYO LIMITED
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
10,214
40,793
2,817
53,824
At 31 January 2023
10,214
41,473
3,222
54,909
At 1 February 2022
4,086
29,110
2,241
35,437
Charge for the year
1,021
3,095
422
4,538
At 31 January 2023
5,107
32,205
2,663
39,975
At 31 January 2023
5,107
9,268
559
14,934
At 31 January 2022
6,128
11,683
576
18,387
Amounts falling due within one year
Trade debtors
2,386
19,910
Amounts due from group undertakings etc.
63,033
54,654
Accrued income and prepayments
3,124
3,124
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
34,457
4,533
Amounts owed to group undertakings and other participating interests
14,799
19,172
Taxes and social security
6,221
2,131
Other creditors
27,880
25,880
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
8
Transactions with related parties
At the balance sheet date £63,033 (2022 - £54,654) was owed by a connected companies and £14,799 (2022 - £19,172) was owed to connected companies.
ONE VISION MAYO LIMITED
Notes to the Accounts
for the year ended 31 January 2023
One Vision Mayo Limited is a wholly owned subsidiary of One Vision Holdings Limited, a company registered in England and Wales.
The registered office of the Holding Company is 5 Shadwell Walk, Leeds, West Yorkshire, United Kingdom, LS17 6EQ.
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).