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Registered number: 11887108
Visa Applications Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11887108
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 28,206 15,280
Cash at bank and in hand 33,220 18,910
61,426 34,190
Creditors: Amounts Falling Due Within One Year 5 (18,707 ) (13,828 )
NET CURRENT ASSETS (LIABILITIES) 42,719 20,362
TOTAL ASSETS LESS CURRENT LIABILITIES 42,719 20,362
NET ASSETS 42,719 20,362
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 42,717 20,360
SHAREHOLDERS' FUNDS 42,719 20,362
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P J Stanley
Director
15 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Visa Applications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11887108 . The registered office is Business First Control Centre, 23 Goodlass Road, Liverpool, Merseyside, L24 9HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,800 -
Prepayments and accrued income 30 410
Other debtors 25 1,097
Consumer Rights Energy Limited 2,657 -
VAT 23,694 13,773
28,206 15,280
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36 -
Corporation tax 16,659 10,288
Accruals and deferred income 1,795 1,675
Director's loan account 217 1,865
18,707 13,828
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
During the period, a director received advances totalling £37,783. The advance carried forward totalled £37,783.
8. Related Party Transactions
The following related party transactions were undertaken during the year:
A director withdrew amounts totalling £39,648 (2023: £22,320), introduced amounts totalling £38,000 (2023: £24,185). At the balance sheet date the amount owed from the director to company was £37,783 (2023: £1,865).
A company under common control was loaned amounts totalling £6,789 (2023: Nil) and repaid amounts totalling £4,132 (2023: £Nil). At the balance sheet the amount owed from the company to Visa Applications Ltd was £2,657 (2023: £Nil).
Dividends were paid to the director in respect of their shareholdings totalling £38,000 (2023: £23,500)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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