Visiplan Limited 10568140 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is other IT Services. Digita Accounts Production Advanced 6.30.9574.0 true true 10568140 2023-02-01 2024-01-31 10568140 2024-01-31 10568140 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10568140 core:OfficeEquipment 2024-01-31 10568140 bus:SmallEntities 2023-02-01 2024-01-31 10568140 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10568140 bus:FilletedAccounts 2023-02-01 2024-01-31 10568140 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10568140 bus:RegisteredOffice 2023-02-01 2024-01-31 10568140 bus:Director1 2023-02-01 2024-01-31 10568140 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10568140 core:OfficeEquipment 2023-02-01 2024-01-31 10568140 countries:EnglandWales 2023-02-01 2024-01-31 10568140 2022-02-01 2023-01-31 10568140 2023-01-31 10568140 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 10568140

Visiplan Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Visiplan Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

Visiplan Limited

(Registration number: 10568140)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

130

-

Current assets

 

Cash at bank and in hand

 

8,262

6,321

Creditors: Amounts falling due within one year

5

(16,542)

(15,470)

Net current liabilities

 

(8,280)

(9,149)

Net liabilities

 

(8,150)

(9,149)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(8,160)

(9,159)

Shareholders' deficit

 

(8,150)

(9,149)

For the financial year ending 31 January 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2024 and signed on its behalf by:
 

.........................................
M N Goodchild
Director

 

Visiplan Limited

Notes to the Financial Statements for the Year Ended 31 January 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 (as applicable to companies subject to the small companies' regime).

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 directors have a reasonable expectation that the company has adequate resources to continue in operational existance in the foreseeble future. The loan from MGC Limited will not be recalled until the company has sufficient resources to do so, As such the directors believe that the company is well placed to manage its business risks successfully and therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Visiplan Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3

Staff numbers

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

149

149

At 31 January 2024

149

149

Depreciation

Charge for the year

19

19

At 31 January 2024

19

19

Carrying amount

At 31 January 2024

130

130

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

528

464

Other creditors

16,014

15,006

16,542

15,470