VIRIDIAN FX LIMITED

Company Registration Number:
07827221 (England and Wales)

Unaudited abridged accounts for the year ended 27 June 2023

Period of accounts

Start date: 28 June 2022

End date: 27 June 2023

VIRIDIAN FX LIMITED

Contents of the Financial Statements

for the Period Ended 27 June 2023

Balance sheet
Notes

VIRIDIAN FX LIMITED

Balance sheet

As at 27 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 68,000 68,000
Fixed assets
Tangible assets: 3 82,919 110,558
Total fixed assets: 82,919 110,558
Current assets
Stocks: 1,310,000 1,310,000
Debtors: 4 839,210 605,856
Total current assets: 2,149,210 1,915,856
Creditors: amounts falling due within one year: 5 (885,348) (695,944)
Net current assets (liabilities): 1,263,862 1,219,912
Total assets less current liabilities: 1,414,781 1,398,470
Creditors: amounts falling due after more than one year: 6 (318,241) (402,241)
Provision for liabilities: (20,000) (20,000)
Total net assets (liabilities): 1,076,540 976,229
Capital and reserves
Called up share capital: 261,850 261,850
Share premium account: 51,640 51,640
Profit and loss account: 763,050 662,739
Shareholders funds: 1,076,540 976,229

The notes form part of these financial statements

VIRIDIAN FX LIMITED

Balance sheet statements

For the year ending 27 June 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 27 March 2024
and signed on behalf of the board by:

Name: Thomas Mattinson
Status: Director

The notes form part of these financial statements

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 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 recognised at the fair value of the consideration receivable for post production and visual effects services provided in the normal course of business, shown net of VAT and other sales related taxes, and is recognised in the period the services relate to.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on a 25% straight line basis.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Valuation and information policy

Work in progress is valued at the lower of cost and net realisable value, with an assessment made for impairment at each reporting date.

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 2023

2. Employees

2023 2022
Average number of employees during the period 14 13

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 2023

3. Tangible Assets

Total
Cost £
At 28 June 2022 359,785
At 27 June 2023 359,785
Depreciation
At 28 June 2022 249,227
Charge for year 27,639
At 27 June 2023 276,866
Net book value
At 27 June 2023 82,919
At 27 June 2022 110,558

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 2023

5. Creditors: amounts falling due within one year note

Trade Creditors £29,273 (2022 - £126,8012); Other Taxation and Social Security £325,712 (2022 - £190,977); Bank Overdraft £74,871 (2022 - £11,434); Other Creditors £455,492 (2022 - £366,721)

VIRIDIAN FX LIMITED

Notes to the Financial Statements

for the Period Ended 27 June 2023

6. Creditors: amounts falling due after more than one year note

Other Creditors £318,241 (2022 - £402,241)