Acorah Software Products - Accounts Production 16.0.110 false true false 24 February 2023 30 June 2024 30 June 2024 14687299 Mr L Parker Mr S Card iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14687299 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 14687299 2023-02-23 14687299 2024-06-30 14687299 2023-02-24 2024-06-30 14687299 frs-core:CurrentFinancialInstruments 2024-06-30 14687299 frs-core:Non-currentFinancialInstruments 2024-06-30 14687299 frs-core:ShareCapital 2024-06-30 14687299 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14687299 frs-bus:PrivateLimitedCompanyLtd 2023-02-24 2024-06-30 14687299 frs-bus:FilletedAccounts 2023-02-24 2024-06-30 14687299 frs-bus:SmallEntities 2023-02-24 2024-06-30 14687299 frs-bus:AuditExempt-NoAccountantsReport 2023-02-24 2024-06-30 14687299 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-24 2024-06-30 14687299 frs-bus:Director1 2023-02-24 2024-06-30 14687299 frs-bus:Director2 2023-02-24 2024-06-30 14687299 frs-countries:EnglandWales 2023-02-24 2024-06-30
Registered number: 14687299
Vivid Visions Group Limited
Financial Statements
For the Period 24 February 2023 to 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14687299
30 June 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 526,230
526,230
CURRENT ASSETS
Cash at bank and in hand 10,879
10,879
Creditors: Amounts Falling Due Within One Year 5 (189,046 )
NET CURRENT ASSETS (LIABILITIES) (178,167 )
TOTAL ASSETS LESS CURRENT LIABILITIES 348,063
Creditors: Amounts Falling Due After More Than One Year 6 (317,783 )
NET ASSETS 30,280
CAPITAL AND RESERVES
Called up share capital 7 100
Income Statement 30,180
SHAREHOLDERS' FUNDS 30,280
Page 1
Page 2
For the period ending 30 June 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 directors acknowledge their 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 Income Statement.
On behalf of the board
Mr L Parker
Director
11 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vivid Visions Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14687299 . The registered office is Unit 2 Javelin Way, Henwood Industrial Estate, Ashford, Kent, TN24 8DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investment Property
30 June 2024
£
Fair Value
As at 24 February 2023 -
Additions 526,230
As at 30 June 2024 526,230
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Trade creditors 299
Bank loans and overdrafts 8,864
Amounts owed to participating interests 158,115
Other creditors 11,250
Taxation and social security 10,518
189,046
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Bank loans 317,783
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 June 2024
£
Bank loans 275,691
7. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
At the balance sheet date, £158,115 was owed to Vivid Visions Paintworx Limited who is the sole shareholder of the company. 
Page 4