2023-03-30 2024-02-29 false No description of principal activity Capium Accounts Production 1.1 14770535 bus:AbridgedAccounts 2023-03-30 2024-02-29 14770535 bus:Micro-entities 2023-03-30 2024-02-29 14770535 bus:AuditExempt-NoAccountantsReport 2023-03-30 2024-02-29 14770535 bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-02-29 14770535 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-02-29 14770535 2023-03-30 2024-02-29 14770535 2024-02-29 14770535 bus:RegisteredOffice 2023-03-30 2024-02-29 14770535 core:WithinOneYear 2024-02-29 14770535 core:AfterOneYear 2024-02-29 14770535 bus:Director1 2023-03-30 2024-02-29 14770535 bus:Director1 2024-02-29 14770535 bus:Director2 2023-03-30 2024-02-29 14770535 bus:Director2 2024-02-29 14770535 2022-03-30 14770535 bus:LeadAgentIfApplicable 2023-03-30 2024-02-29 14770535 2023-03-29 14770535 core:FurnitureFittings 2023-03-30 2024-02-29 14770535 core:FurnitureFittings 2024-02-29 14770535 core:FurnitureFittings 2023-03-29 14770535 core:ComputerEquipment 2023-03-30 2024-02-29 14770535 core:ComputerEquipment 2024-02-29 14770535 core:ComputerEquipment 2023-03-29 14770535 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 14770535 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-29 14770535 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 14770535 core:CostValuation core:Non-currentFinancialInstruments 2023-03-29 14770535 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 14770535 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 14770535 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 14770535 core:Non-currentFinancialInstruments 2024-02-29 14770535 core:Non-currentFinancialInstruments 2023-03-29 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 14770535
England and Wales

 

 

 

VISUAL SPHERE LTD


Abridged Accounts
 


Period of accounts

Start date: 30 March 2023

End date: 29 February 2024
  2024
    £ £
Fixed assets   610 
Current assets 16,062   
Creditors: amount falling due within one year (8,659)  
Net current assets   7,403 
Total assets less current liabilities   8,013 
Net assets   8,013 
 

     
Capital and reserves   8,013 
 
NOTES TO THE ACCOUNTS

General Information
Visual Sphere Ltd is a private company, limited by shares, registered in England and Wales, registration number 14770535, registration address 10, Elm Road, Birmingham, B30 2AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 4 years Straight Line
Computer Equipment 3 years Straight Line
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 30 March 2023    
Additions 183    710    893 
Disposals    
At 29 February 2024 183    710    893 
Depreciation
At 30 March 2023    
Charge for period 46    237    283 
On disposals    
At 29 February 2024 46    237    283 
Net book values
Closing balance as at 29 February 2024 137    473    610 
Opening balance as at 30 March 2023    


3.

Average number of employees

Average number of employees during the period was 2.


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 27 July 2024 and were signed on its behalf by:


--------------------------------
Jan Pawel Grajczyk
Director
1