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REGISTERED NUMBER: 03011382 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 December 2023

for

Visionbase Software Limited

Visionbase Software Limited (Registered number: 03011382)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Visionbase Software Limited

Company Information
for the Year Ended 30 December 2023







DIRECTOR: Mr P A Oxley





REGISTERED OFFICE: Omega Court
370 Cemetery Road
Sheffield
South Yorkshire
S11 8FT





REGISTERED NUMBER: 03011382 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Visionbase Software Limited (Registered number: 03011382)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,957 17,454

CURRENT ASSETS
Debtors 5 200,749 210,746
Cash at bank 49,034 56,977
249,783 267,723
CREDITORS
Amounts falling due within one year 6 102,632 105,797
NET CURRENT ASSETS 147,151 161,926
TOTAL ASSETS LESS CURRENT LIABILITIES 230,108 179,380

CREDITORS
Amounts falling due after more than one
year

7

(54,735

)

-

PROVISIONS FOR LIABILITIES (3,958 ) (3,664 )
NET ASSETS 171,415 175,716

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 171,315 175,616
SHAREHOLDERS' FUNDS 171,415 175,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

Visionbase Software Limited (Registered number: 03011382)

Balance Sheet - continued
30 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 director and authorised for issue on 26 September 2024 and were signed by:





Mr P A Oxley - Director


Visionbase Software Limited (Registered number: 03011382)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Visionbase Software 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Visionbase Software Limited (Registered number: 03011382)

Notes to the Financial Statements - continued
for the Year Ended 30 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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 December 2022 11,777 - 41,146 52,923
Additions - 77,032 - 77,032
At 30 December 2023 11,777 77,032 41,146 129,955
DEPRECIATION
At 31 December 2022 6,196 - 29,273 35,469
Charge for year 837 7,724 2,968 11,529
At 30 December 2023 7,033 7,724 32,241 46,998
NET BOOK VALUE
At 30 December 2023 4,744 69,308 8,905 82,957
At 30 December 2022 5,581 - 11,873 17,454

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 77,032
At 30 December 2023 77,032
DEPRECIATION
Charge for year 7,724
At 30 December 2023 7,724
NET BOOK VALUE
At 30 December 2023 69,308

Visionbase Software Limited (Registered number: 03011382)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,787 11,262
Other debtors 46,109 40,462
Directors' loan accounts 134,810 155,660
Prepayments 4,043 3,362
200,749 210,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 6,871 -
Trade creditors 11,232 8,809
Tax 14,199 40,368
VAT 9,226 8,961
Other creditors 10,784 11,010
Accruals and deferred income 50,320 36,649
102,632 105,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 54,735 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 6,871 -
Between one and five years 54,735 -
61,606 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,500 9,500

Visionbase Software Limited (Registered number: 03011382)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2023 and 30 December 2022:

2023 2022
£    £   
Mr P A Oxley
Balance outstanding at start of year 155,659 132,888
Amounts advanced 52,742 93,876
Amounts repaid (73,590 ) (71,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,811 155,659

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P A Oxley.