Company Registration No. SC375897 (Scotland)
Vizibility Digital Ltd
Unaudited accounts
for the year ended 31 October 2023
Vizibility Digital Ltd
Unaudited accounts
Contents
Vizibility Digital Ltd
Company Information
for the year ended 31 October 2023
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
Vizibility Digital Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
1,393
2,133
Cash at bank and in hand
(631)
19,022
Creditors: amounts falling due within one year
(174,208)
(125,262)
Net current liabilities
(10,164)
(34,432)
Net liabilities
(8,771)
(31,456)
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
Vizibility Digital Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Vizibility Digital Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
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
At 1 November 2022
242
618
860
Charge for the year
122
618
740
At 31 October 2023
364
1,236
1,600
At 31 October 2023
156
1,237
1,393
At 31 October 2022
278
1,855
2,133
Amounts falling due within one year
Trade debtors
55,354
67,653
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
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)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
13,276
7,351
-
20,627
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).