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Registered Number: 06487600
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 January 2024

for

VISUAL CANDY SYSTEMS LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 39,523    50,304 
39,523    50,304 
Current assets
Debtors 3 257,788    201,887 
Cash at bank and in hand 1,257,597    918,651 
1,515,385    1,120,538 
Creditors: amount falling due within one year 4 (206,376)   (105,125)
Net current assets 1,309,009    1,015,413 
 
Total assets less current liabilities 1,348,532    1,065,717 
Accrued liabilities (13)   (13)
Net assets 1,348,519    1,065,704 
 

Capital and reserves
Called up share capital 100    100 
Profit and loss account 5 1,348,419    1,065,604 
Shareholders fund 1,348,519    1,065,704 
 
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Anya Mallon
Director

Date approved: 31 October 2024
1
Statutory Information
VISUAL CANDY SYSTEMS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 06487600, registration address 840 Ibis Court Centre Park, Warrington, Cheshire, WA1 1RL, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
VISUAL CANDY SYSTEMS LIMITED
Change in accounting policy
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value for Motor Vehicles, over their expected useful lives on the following basis:
Fixtures & Fittings - 25% On Cost
Motor Vehicles - 25% Reducing Balance
Computer Equipment - 25% On Cost
Other Capital Asset - 25% On Cost
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.

Tangible fixed assets

Cost or Valuation Fixtures and fittings   Motor vehicles   Computer equipment   Other   Total
  £   £   £   £   £
At 01 February 2023   54,487    59,413      113,900 
Additions 351      6,404    2,394    9,149 
At 31 January 2024 351    54,487    65,817    2,394    123,049 
Depreciation
At 01 February 2023   13,622    49,974      63,596 
Charge for year 88    13,622    5,622    598    19,930 
At 31 January 2024 88    27,244    55,596    598    83,526 
Net book values
Closing balance as at 31 January 2024 263    27,243    10,221    1,796    39,523 
Opening balance as at 01 February 2023   40,865    9,439      50,304 

3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 147,120    92,325 
Other debtors 108,000    108,000 
Directors' current accounts   266 
Social security & other tax 2,668    1,296 
257,788    201,887 
4.

Creditors: amount falling due within one year

2024
£
  2023
£
Directors' current accounts 5,981   
Corporation tax 151,702    71,357 
VAT 48,693    33,768 
206,376    105,125 
5.

Profit and loss account

  2024
£
Balance at 01 February 2023 1,065,604 
Profit for the year 468,815 
Equity dividend paid (186,000)
Balance at 31 January 2024 1,348,419 

6.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2