Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11251387 Mr Mark Worlidge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11251387 2022-12-31 11251387 2023-12-31 11251387 2023-01-01 2023-12-31 11251387 frs-core:CurrentFinancialInstruments 2023-12-31 11251387 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 11251387 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 11251387 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 11251387 frs-core:ShareCapital 2023-12-31 11251387 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11251387 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11251387 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11251387 frs-bus:SmallEntities 2023-01-01 2023-12-31 11251387 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11251387 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11251387 frs-bus:Director1 2023-01-01 2023-12-31 11251387 frs-countries:EnglandWales 2023-01-01 2023-12-31 11251387 2021-12-31 11251387 2022-12-31 11251387 2022-01-01 2022-12-31 11251387 frs-core:CurrentFinancialInstruments 2022-12-31 11251387 frs-core:ShareCapital 2022-12-31 11251387 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11251387
Intervision Global Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Intervision Global Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11251387
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 172,200 200,900
172,200 200,900
CURRENT ASSETS
Debtors 5 202,896 295,392
Cash at bank and in hand 5,572 -
208,468 295,392
Creditors: Amounts Falling Due Within One Year 6 (837,015 ) (747,360 )
NET CURRENT ASSETS (LIABILITIES) (628,547 ) (451,968 )
TOTAL ASSETS LESS CURRENT LIABILITIES (456,347 ) (251,068 )
NET LIABILITIES (456,347 ) (251,068 )
CAPITAL AND RESERVES
Called up share capital 7 450,353 450,353
Profit and Loss Account (906,700 ) (701,421 )
SHAREHOLDERS' FUNDS (456,347) (251,068)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Worlidge
Director
03/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Intervision Global Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11251387 . The registered office is Unit B1 Quarry Park, Old Milverton Lane, Leamington Spa, CV32 6RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 1)
4 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 287,000
As at 31 December 2023 287,000
Amortisation
As at 1 January 2023 86,100
Provided during the period 28,700
As at 31 December 2023 114,800
Net Book Value
As at 31 December 2023 172,200
As at 1 January 2023 200,900
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 202,320 294,818
VAT 576 574
202,896 295,392
Other Debtors includes amounts due from other Companies within the Group.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,646 (1,588 )
Bank loans and overdrafts 29,238 34,436
Other taxes and social security 26,137 -
Net wages 9,159 -
Accruals and deferred income 33,835 12,612
Director's loan account 737,000 701,900
837,015 747,360
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 450,353 450,353
8. Related Party Transactions
Loan of £737,000 consists of advances from Mark Worlidge (Director) to the Company.
Brought forward: £701,900
Advances during the year: £35,100
Less Repayments in 2023: Nil (applied to oldest advance first)
(interest payable at 1.5% per quarter)
Page 4