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REGISTERED NUMBER: 07908635 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

VISIONMIX PRODUCTIONS LIMITED

VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISIONMIX PRODUCTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D R R Burnham
Mrs J Burnham





REGISTERED OFFICE: Studio 2
1 Hartley Street
Sheffield
South Yorkshire
S2 3AQ





REGISTERED NUMBER: 07908635 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,861 58,532
57,861 58,532

CURRENT ASSETS
Debtors 6 35,564 28,328
Cash at bank 54,854 80,040
90,418 108,368
CREDITORS
Amounts falling due within one year 7 31,804 53,162
NET CURRENT ASSETS 58,614 55,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,475

113,738

PROVISIONS FOR LIABILITIES 9 11,370 11,460
NET ASSETS 105,105 102,278

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 105,005 102,178
SHAREHOLDERS' FUNDS 105,105 102,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





D R R Burnham - Director


VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

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

1. STATUTORY INFORMATION

Visionmix Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the net invoiced value of video and graphic production services, excluding value added tax. Turnover is recognised upon the completion of each assignment.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract, at the year end.

Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and
equipment fittings Totals
£    £    £   
COST
At 1 April 2023 133,474 14,666 148,140
Additions 13,794 - 13,794
At 31 March 2024 147,268 14,666 161,934
DEPRECIATION
At 1 April 2023 80,044 9,564 89,608
Charge for year 13,445 1,020 14,465
At 31 March 2024 93,489 10,584 104,073
NET BOOK VALUE
At 31 March 2024 53,779 4,082 57,861
At 31 March 2023 53,430 5,102 58,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,100 24,364
Other debtors 943 943
Prepayments 1,521 3,021
35,564 28,328

VISIONMIX PRODUCTIONS LIMITED (REGISTERED NUMBER: 07908635)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,136 2,752
Corporation tax 10,610 15,432
VAT 14,566 20,591
Other creditors 3,492 5,743
Directors' current accounts - 6,844
Accrued expenses 2,000 1,800
31,804 53,162

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 9,726 9,726
Between one and five years 5,343 14,516
15,069 24,242

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 11,370 11,460

Deferred
tax
£   
Balance at 1 April 2023 11,460
Accelerated capital allowances (90 )
Balance at 31 March 2024 11,370

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100