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REGISTERED NUMBER: 07997296 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

VISUAL IMPACT CREATIVE LIMITED

VISUAL IMPACT CREATIVE LIMITED (REGISTERED NUMBER: 07997296)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISUAL IMPACT CREATIVE LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: N W Thomson
Ms J E Haig





SECRETARY: N W Thomson





REGISTERED OFFICE: St. Johns Foundry
12 St. Johns Road
Hampton Wick
Surrey
KT1 4AN





REGISTERED NUMBER: 07997296 (England and Wales)





ACCOUNTANTS: R.T. Cruse
Accountancy Services Limited
15 St Leonards Road
Epsom Downs
Surrey
KT18 5RG

VISUAL IMPACT CREATIVE LIMITED (REGISTERED NUMBER: 07997296)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,894 52,130

CURRENT ASSETS
Debtors 5 13,979 15,405
Cash at bank 87,462 79,231
101,441 94,636
CREDITORS
Amounts falling due within one year 6 120,650 132,415
NET CURRENT LIABILITIES (19,209 ) (37,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,685

14,351

CREDITORS
Amounts falling due after more than one
year

7

19,053

26,081
NET ASSETS/(LIABILITIES) 5,632 (11,730 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,532 (11,830 )
SHAREHOLDERS' FUNDS 5,632 (11,730 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

VISUAL IMPACT CREATIVE LIMITED (REGISTERED NUMBER: 07997296)

BALANCE SHEET - continued
31st March 2023


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 1st November 2023 and were signed on its behalf by:




N W Thomson - Director



Ms J E Haig - Director


VISUAL IMPACT CREATIVE LIMITED (REGISTERED NUMBER: 07997296)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Visual Impact Creative 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 3 ) .

VISUAL IMPACT CREATIVE LIMITED (REGISTERED NUMBER: 07997296)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 254,936 11,750 1,540 268,226
Disposals - - (624 ) (624 )
At 31st March 2023 254,936 11,750 916 267,602
DEPRECIATION
At 1st April 2022 204,679 10,182 1,235 216,096
Charge for year 7,539 392 305 8,236
Eliminated on disposal - - (624 ) (624 )
At 31st March 2023 212,218 10,574 916 223,708
NET BOOK VALUE
At 31st March 2023 42,718 1,176 - 43,894
At 31st March 2022 50,257 1,568 305 52,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,562 14,972
Other debtors 417 433
13,979 15,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,842 7,842
Taxation and social security 6,067 5,600
Other creditors 106,741 118,973
120,650 132,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,053 26,081