VIVID CITY LTD

Company Registration Number:
08821567 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

VIVID CITY LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

VIVID CITY LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 91,006 3,373
Investments:   0 0
Total fixed assets: 91,006 3,373
Current assets
Stocks: 0 0
Debtors: 4 91,303 505
Cash at bank and in hand: 1,342,606 184,925
Investments:   0 0
Total current assets: 1,433,909 185,430
Creditors: amounts falling due within one year: 5 (687,301) (74,263)
Net current assets (liabilities): 746,608 111,167
Total assets less current liabilities: 837,614 114,540
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (2,332) (641)
Total net assets (liabilities): 835,282 113,899
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 835,182 113,799
Shareholders funds: 835,282 113,899

The notes form part of these financial statements

VIVID CITY LTD

Balance sheet statements

For the year ending 31 May 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 31 May 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 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 8,338
Additions 95,835
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2023 104,173
Depreciation
At 01 June 2022 4,965
Charge for year 8,202
At 31 May 2023 13,167
Net book value
At 31 May 2023 91,006
At 31 May 2022 3,373

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

Debtors £91,303 (2022 : £505)

VIVID CITY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

Trade creditors £9,402 (2022 : £148)Taxation and social security £268,084 (2022 : £37,146)Other creditors £409,816 (2022 : £36,969)