Videowire Limited 06541901 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of video production sales. It is anticipated that the company will remain dormant for the forseeable future. Digita Accounts Production Advanced 6.30.9574.0 true R Powell S Powell 06541901 2023-04-01 2024-03-31 06541901 2024-03-31 06541901 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 06541901 core:RetainedEarningsAccumulatedLosses 2024-03-31 06541901 core:ShareCapital 2024-03-31 06541901 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06541901 core:Goodwill 2024-03-31 06541901 bus:FRS102 2023-04-01 2024-03-31 06541901 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06541901 bus:FullAccounts 2023-04-01 2024-03-31 06541901 bus:RegisteredOffice 2023-04-01 2024-03-31 06541901 bus:CompanySecretary1 2023-04-01 2024-03-31 06541901 bus:Director1 2023-04-01 2024-03-31 06541901 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-01 2024-03-31 06541901 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 06541901 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06541901 core:Goodwill 2023-04-01 2024-03-31 06541901 countries:EnglandWales 2023-04-01 2024-03-31 06541901 2023-03-31 06541901 core:Goodwill 2023-03-31 06541901 2022-04-01 2023-03-31 06541901 2023-03-31 06541901 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 06541901 core:RetainedEarningsAccumulatedLosses 2023-03-31 06541901 core:ShareCapital 2023-03-31 06541901 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Videowire Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

Registration number: 06541901

 

Videowire Limited

(Registration number: 06541901)
Statement of financial position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

4

4

Creditors: Amounts falling due within one year

6

(6,541)

(6,541)

Net liabilities

 

(6,537)

(6,537)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(6,538)

(6,538)

Shareholders' deficit

 

(6,537)

(6,537)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 7 November 2024
 

.........................................
R Powell
Director

 

Videowire Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 7 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Videowire Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

5,000

5,000

At 31 March 2024

5,000

5,000

Amortisation

At 1 April 2023

5,000

5,000

At 31 March 2024

5,000

5,000

Carrying amount

At 31 March 2024

-

-

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

4

4

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

6,541

6,541

 

Videowire Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1