Company Registration No. 09955250 (England and Wales)
Visual Academics Ltd
Unaudited accounts
for the year ended 31 January 2024
Visual Academics Ltd
Unaudited accounts
Contents
Visual Academics Ltd
Company Information
for the year ended 31 January 2024
Company Number
09955250 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
My Accountancy Team Limited
22 Woodford Avenue
Ilford
Essex
IG2 6 XG
Visual Academics Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
3,674
4,592
Investments
(101,373)
49,372
Cash at bank and in hand
359
3,438
Creditors: amounts falling due within one year
(9,575)
(31,155)
Net current (liabilities)/assets
(110,589)
21,655
Net (liabilities)/assets
(106,915)
26,247
Called up share capital
1
1
Profit and loss account
(106,916)
26,246
Shareholders' funds
(106,915)
26,247
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
Shirin Shafaie
Director
Company Registration No. 09955250
Visual Academics Ltd
Notes to the Accounts
for the year ended 31 January 2024
Visual Academics Ltd is a private company, limited by shares, registered in England and Wales, registration number 09955250. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investments in Crytpocurrency and NFT included at teh Cost basis
4
Tangible fixed assets
Fixtures & fittings
5
Investments held as current assets
2024
2023
Unlisted investments
(101,373)
49,372
Visual Academics Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,594
11,594
Loans from directors
(9,459)
10,681
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).