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REGISTERED NUMBER: 07404544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Viewsafe Ltd

Viewsafe Ltd (Registered number: 07404544)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Viewsafe Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L M Rowland





REGISTERED OFFICE: Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX





REGISTERED NUMBER: 07404544 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Viewsafe Ltd (Registered number: 07404544)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,751 19,057
Tangible assets 5 5,178 6,092
22,929 25,149

CURRENT ASSETS
Stocks 18,137 -
Debtors 6 72,094 73,542
Prepayments and accrued income 6,416 4,399
Cash at bank and in hand 25,776 29,634
122,423 107,575
CREDITORS
Amounts falling due within one year 7 126,928 119,827
NET CURRENT LIABILITIES (4,505 ) (12,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,424

12,897

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,324 12,797
18,424 12,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





L M Rowland - Director


Viewsafe Ltd (Registered number: 07404544)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Viewsafe Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Viewsafe Ltd (Registered number: 07404544)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 32,653
AMORTISATION
At 1 November 2022 13,596
Charge for year 1,306
At 31 October 2023 14,902
NET BOOK VALUE
At 31 October 2023 17,751
At 31 October 2022 19,057

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 13,794
DEPRECIATION
At 1 November 2022 7,702
Charge for year 914
At 31 October 2023 8,616
NET BOOK VALUE
At 31 October 2023 5,178
At 31 October 2022 6,092

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,571 31,213
Amounts owed by group undertakings 3,845 14,694
Other debtors 38,678 27,635
72,094 73,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,155 11,034
Amounts owed to group undertakings 34,534 -
Taxation and social security - 18,188
Other creditors 61,239 90,605
126,928 119,827

Viewsafe Ltd (Registered number: 07404544)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting end date, an amount of £2,039 (2022: £1,032) was owed by the director.