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Registration number: 09889861

Visual Numbers Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

Visual Numbers Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Visual Numbers Limited

(Registration number: 09889861)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

4,498

 

1,571

Current assets

   

 

Debtors

5

9,073

 

14,267

 

Cash at bank and in hand

 

5,505

 

679

 

 

14,578

 

14,946

 

Creditors: Amounts falling due within one year

6

(16,778)

 

(7,742)

 

Net current (liabilities)/assets

   

(2,200)

 

7,204

Total assets less current liabilities

   

2,298

 

8,775

Creditors: Amounts falling due after more than one year

6

 

(2,100)

 

(3,900)

Net assets

   

198

 

4,875

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

98

 

4,775

 

Total equity

   

198

 

4,875

For the financial year ending 31 March 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 year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2024 and signed on its behalf by:
 

.........................................
Mr R.D. Sture
Director

 

Visual Numbers Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the Board on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Visual Numbers Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% on cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Visual Numbers Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,632

2,632

Additions

4,780

4,780

At 31 March 2024

7,412

7,412

Depreciation

At 1 April 2023

1,061

1,061

Charge for the year

1,853

1,853

At 31 March 2024

2,914

2,914

Carrying amount

At 31 March 2024

4,498

4,498

At 31 March 2023

1,571

1,571

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

2,178

Other debtors

9,073

12,089

 

9,073

14,267

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

1,800

1,800

Taxation and social security

8,032

4,767

Other creditors

6,946

1,175

16,778

7,742

Due after one year

Loans and borrowings

2,100

3,900