VIVID CITY LTD

Company Registration Number:
08821567 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 June 2023

End date: 30 November 2023

VIVID CITY LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

VIVID CITY LTD

Balance sheet

As at 30 November 2023


Notes

30 November 2023

31 May 2023


£

£
Fixed assets
Tangible assets: 3 87,503 91,006
Investments: 4 1,000 0
Total fixed assets: 88,503 91,006
Current assets
Debtors: 5 142,919 91,303
Cash at bank and in hand: 1,969,576 1,342,606
Total current assets: 2,112,495 1,433,909
Creditors: amounts falling due within one year: 6 (1,001,845) (687,301)
Net current assets (liabilities): 1,110,650 746,608
Total assets less current liabilities: 1,199,153 837,614
Provision for liabilities: (3,178) (2,332)
Total net assets (liabilities): 1,195,975 835,282
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,195,875 835,182
Shareholders funds: 1,195,975 835,282

The notes form part of these financial statements

VIVID CITY LTD

Balance sheet statements

For the year ending 30 November 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 February 2024
and signed on behalf of the board by:

Name: A Ballantyne
Status: Director

The notes form part of these financial statements

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.Revenue from services is recognised as they are delivered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as followsVehicles 20% reducing balanceOffice equipment 20% reducing balance

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

30 November 2023 31 May 2023
Average number of employees during the period 1 1

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 June 2023 104,173
Additions 597
At 30 November 2023 104,770
Depreciation
At 01 June 2023 13,167
Charge for year 4,100
At 30 November 2023 17,267
Net book value
At 30 November 2023 87,503
At 31 May 2023 91,006

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Fixed investments

Additions - £1,000

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

Debtors £142,919 (May 2023 : £91,303)

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

Trade creditors £14,029 (May 2023 : £9,402)Amounts owed to group undertakings £1,000 (May 2023 : £0)Taxation and social security £383,553 (May 2023 : £268,084)Other creditors £603,263 (May 2023 : £36,969)