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REGISTERED NUMBER: 06828091 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Viavi Limited

Viavi Limited (Registered number: 06828091)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Viavi Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr S Donnai
C I Jessop
J D Wreaves
T M Walker





SECRETARY: Dr S Donnai





REGISTERED OFFICE: 9 Devonshire Place
London
W1G 6HP





REGISTERED NUMBER: 06828091 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Viavi Limited (Registered number: 06828091)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 179,947 131,381
Tangible assets 5 43,607 3,990
223,554 135,371

CURRENT ASSETS
Debtors 6 917,934 660,693
Cash at bank 717,639 626,787
1,635,573 1,287,480
CREDITORS
Amounts falling due within one year 7 (191,629 ) (194,601 )
NET CURRENT ASSETS 1,443,944 1,092,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,667,498

1,228,250

PROVISIONS FOR LIABILITIES 8 (67,349 ) (10,604 )

ACCRUALS AND DEFERRED INCOME (295,986 ) (127,428 )
NET ASSETS 1,304,163 1,090,218

CAPITAL AND RESERVES
Called up share capital 9 10 10
Share premium (5,000 ) (5,000 )
Retained earnings 1,309,153 1,095,208
SHAREHOLDERS' FUNDS 1,304,163 1,090,218

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

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

The directors acknowledge their 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.

Viavi Limited (Registered number: 06828091)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Dr S Donnai - Director


Viavi Limited (Registered number: 06828091)

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

1. STATUTORY INFORMATION

Viavi Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten 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 - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Viavi Limited (Registered number: 06828091)

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

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 137,514
Additions 67,200
At 31 December 2023 204,714
AMORTISATION
At 1 January 2023 6,133
Charge for year 18,634
At 31 December 2023 24,767
NET BOOK VALUE
At 31 December 2023 179,947
At 31 December 2022 131,381

Viavi Limited (Registered number: 06828091)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 53,364 31,280 27,527 112,171
Additions 43,064 800 - 43,864
At 31 December 2023 96,428 32,080 27,527 156,035
DEPRECIATION
At 1 January 2023 51,486 30,166 26,529 108,181
Charge for year 2,341 908 998 4,247
At 31 December 2023 53,827 31,074 27,527 112,428
NET BOOK VALUE
At 31 December 2023 42,601 1,006 - 43,607
At 31 December 2022 1,878 1,114 998 3,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,614 23,405
Other debtors - 837
Intercompany - Viavi Be Ltd 296,166 240,486
Tax under S455 78,185 58,441
Directors' current accounts 242,342 177,932
VAT 1,786 960
Prepayments and accrued income 136,841 58,632
Loan to Viavi Be Ltd 100,000 100,000
917,934 660,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 134,760 119,267
Tax 19,744 38,375
PAYE/NI liability 24,187 19,248
Pension liability 1,855 1,459
Accruals and deferred income 11,083 16,252
191,629 194,601

Viavi Limited (Registered number: 06828091)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 42,349 604
Bad Debts Provision 25,000 10,000
67,349 10,604

Deferred
tax
£   
Balance at 1 January 2023 604
Provided during year 41,745
Balance at 31 December 2023 42,349

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
value(£

)

31.12.23£

31.12.22£
750 Ordinary shares A 0.01 7.50 7.50
237 Ordinary shares B 0.01 2.37 2.37
Total 9.87 9.87


10. ULTIMATE CONTROLLING PARTY

The company is under the control of Dr S Donnai who owns more than 75% of the issued share capital of the company and also a director of the company.