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Company Registration No. 12277862 (England and Wales)
NEW VISUAL EFFECTS LTD Unaudited accounts for the year ended 31 October 2023
NEW VISUAL EFFECTS LTD Unaudited accounts Contents
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NEW VISUAL EFFECTS LTD Company Information for the year ended 31 October 2023
Director
Yaw Akoto Adjeikum
Company Number
12277862 (England and Wales)
Registered Office
13 Huxley Road Welling Bexley DA162EN United Kingdom
Accountants
Regal Accountants Limited Suite 110, Legacy Centre Hampton Road West Feltham Middlesex TW13 6DH
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NEW VISUAL EFFECTS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,686 
166 
Current assets
Debtors
18,963 
12,240 
Cash at bank and in hand
117,574 
95,843 
136,537 
108,083 
Creditors: amounts falling due within one year
(35,968)
(65,297)
Net current assets
100,569 
42,786 
Net assets
103,255 
42,952 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
103,254 
42,951 
Shareholders' funds
103,255 
42,952 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 15 December 2023 and were signed on its behalf by
Yaw Akoto Adjeikum Director Company Registration No. 12277862
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NEW VISUAL EFFECTS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NEW VISUAL EFFECTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12277862. The registered office is 13 Huxley Road, Welling, Bexley, DA162EN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
33.33% SLM
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
1,608 
1,608 
Additions
845 
3,184 
4,029 
At 31 October 2023
845 
4,792 
5,637 
Depreciation
At 1 November 2022
- 
1,442 
1,442 
Charge for the year
282 
1,227 
1,509 
At 31 October 2023
282 
2,669 
2,951 
Net book value
At 31 October 2023
563 
2,123 
2,686 
At 31 October 2022
- 
166 
166 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,963 
12,240 
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NEW VISUAL EFFECTS LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,853 
- 
Taxes and social security
25,629 
11,716 
Loans from directors
5,486 
18,006 
Deferred income
- 
35,575 
35,968 
65,297 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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