1 November 2022 false No description of principal activity Taxfiler 2024.6 SC375897business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC3758972022-10-31 SC3758972022-11-012023-10-31 SC375897business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 SC375897business:FilletedAccounts2022-11-012023-10-31 SC3758972023-10-31 SC375897business:Director12022-11-012023-10-31 SC375897business:RegisteredOffice2022-11-012023-10-31 SC3758972022-10-31 SC375897core:WithinOneYear2023-10-31 SC375897core:WithinOneYear2022-10-31 SC375897core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC375897core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC375897core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC375897core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC375897core:PreviouslyStatedAmount2023-10-31 SC375897core:PreviouslyStatedAmount2022-10-31 SC375897business:SmallEntities2022-11-012023-10-31 SC375897countries:Scotland2022-11-012023-10-31 SC375897core:FurnitureFittings2022-11-012023-10-31 SC375897core:ComputerEquipment2022-11-012023-10-31 SC375897core:Goodwill2022-10-31 SC375897core:Goodwill2023-10-31 SC375897core:Goodwill2022-11-012023-10-31 SC375897core:PlantMachinery2022-10-31 SC375897core:FurnitureFittings2022-10-31 SC375897core:PlantMachinery2023-10-31 SC375897core:FurnitureFittings2023-10-31 SC375897core:PlantMachinery2022-11-012023-10-31 SC375897business:Director112022-11-012023-10-31 SC375897business:Director112022-10-31 SC375897business:Director112023-10-31 SC3758972021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC375897 (Scotland)
Vizibility Digital Ltd Unaudited accounts for the year ended 31 October 2023
Vizibility Digital Ltd Unaudited accounts Contents
Page
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Vizibility Digital Ltd Company Information for the year ended 31 October 2023
Director
Scott Dickson
Company Number
SC375897 (Scotland)
Registered Office
STIRLING BUSINESS CENTRE WELLGREEN PLACE STIRLING FK8 2DZ
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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Vizibility Digital Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
843 
Tangible assets
1,393 
2,133 
1,393 
2,976 
Current assets
Inventories
105,000 
- 
Debtors
59,675 
71,808 
Cash at bank and in hand
(631)
19,022 
164,044 
90,830 
Creditors: amounts falling due within one year
(174,208)
(125,262)
Net current liabilities
(10,164)
(34,432)
Net liabilities
(8,771)
(31,456)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(8,774)
(31,459)
Shareholders' funds
(8,771)
(31,456)
For the year ending 31 October 2023 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 his 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
Scott Dickson Director Company Registration No. SC375897
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Vizibility Digital Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Vizibility Digital Ltd is a private company, limited by shares, registered in Scotland, registration number SC375897. The registered office is STIRLING BUSINESS CENTRE, WELLGREEN PLACE, STIRLING, FK8 2DZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 25% straight line
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Vizibility Digital Ltd Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
4,000 
At 31 October 2023
4,000 
Amortisation
At 1 November 2022
3,157 
Charge for the year
843 
At 31 October 2023
4,000 
Net book value
At 31 October 2023
- 
At 31 October 2022
843 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
520 
2,473 
2,993 
At 31 October 2023
520 
2,473 
2,993 
Depreciation
At 1 November 2022
242 
618 
860 
Charge for the year
122 
618 
740 
At 31 October 2023
364 
1,236 
1,600 
Net book value
At 31 October 2023
156 
1,237 
1,393 
At 31 October 2022
278 
1,855 
2,133 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,354 
67,653 
Other debtors
4,321 
4,155 
59,675 
71,808 
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Vizibility Digital Ltd Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
40,576 
44,544 
VAT
42,887 
33,642 
Trade creditors
5,350 
1,188 
Taxes and social security
72,344 
55,206 
Other creditors
31,038 
2,830 
Loans from directors
(20,627)
(13,276)
Accruals
2,640 
1,128 
174,208 
125,262 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Scott Dickson
Loan to director
13,276 
7,351 
- 
20,627 
13,276 
7,351 
- 
20,627 
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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