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REGISTERED NUMBER: NI649259 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

30 November 2023

for

VIDEO FIRST SOFTWARE LTD

VIDEO FIRST SOFTWARE LTD (REGISTERED NUMBER: NI649259)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIDEO FIRST SOFTWARE LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: R Marks





REGISTERED OFFICE: 54 Vauxhall Park
Belfast
BT9 5HB





REGISTERED NUMBER: NI649259 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

VIDEO FIRST SOFTWARE LTD (REGISTERED NUMBER: NI649259)

Balance Sheet
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
CURRENT ASSETS
Debtors 4 29,926 26,538
Cash at bank 110,274 107,522
140,200 134,060
CREDITORS
Amounts falling due within one year 5 37,041 34,340
NET CURRENT ASSETS 103,159 99,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,159

99,720

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 103,158 99,719
103,159 99,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





R Marks - Director


VIDEO FIRST SOFTWARE LTD (REGISTERED NUMBER: NI649259)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Video First Software Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 16,616 13,860
Other debtors 13,310 12,678
29,926 26,538

VIDEO FIRST SOFTWARE LTD (REGISTERED NUMBER: NI649259)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors - (1 )
Taxation and social security 8,640 9,490
Other creditors 28,401 24,851
37,041 34,340