Registered number
11870150
VIVID HEALTHCARE SEARCH LIMITED
Filleted Accounts
31 March 2024
VIVID HEALTHCARE SEARCH LIMITED
Registered number: 11870150
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 169,085 -
Tangible assets 4 14,951 14,952
184,036 14,952
Current assets
Debtors 5 1,028,188 1,704,952
Cash at bank and in hand 8,846 25,095
1,037,034 1,730,047
Creditors: amounts falling due within one year 6 (1,194,477) (1,701,998)
Net current (liabilities)/assets (157,443) 28,049
Total assets less current liabilities 26,593 43,001
Creditors: amounts falling due after more than one year 7 (22,881) (33,051)
Net assets 3,712 9,950
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,612 9,850
Shareholders' funds 3,712 9,950
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jacob Jayson
Director
Approved by the board on 10 December 2024
VIVID HEALTHCARE SEARCH LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipments 25% straight line basis
Vehicles 25% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 25
3 Intangible fixed assets £
Goodwill:
Cost
Additions 175,334
At 31 March 2024 175,334
Amortisation
Provided during the year 6,249
At 31 March 2024 6,249
Net book value
At 31 March 2024 169,085
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 19,803 3,000 22,803
Additions 2,275 5,324 7,599
At 31 March 2024 22,078 8,324 30,402
Depreciation
At 1 April 2023 7,101 750 7,851
Charge for the year 5,519 2,081 7,600
At 31 March 2024 12,620 2,831 15,451
Net book value
At 31 March 2024 9,458 5,493 14,951
At 31 March 2023 12,702 2,250 14,952
5 Debtors 2024 2023
£ £
Trade debtors 856,614 1,504,751
Accrued Timesheet - Net - -
Loan - Vivid Executive Search Ltd - -
Payroll Adjustment - -
Staff advances - -
Candidate Advances - -
Loan - Emergency Locums Limited - -
Loan - Vivid Pharma - -
Other debtors 171,574 200,201
1,028,188 1,704,952
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 874,802 1,307,552
Trade creditors 84,970 143,379
Taxation and social security costs 92,114 131,337
Other creditors 142,591 119,730
1,194,477 1,701,998
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,881 33,051
8 Other information
VIVID HEALTHCARE SEARCH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
214 Grangewood House
43 Oakwood Hill
Loughton, Essex
IG10 3TZ
VIVID HEALTHCARE SEARCH LIMITED 11870150 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Jacob Jayson No description of principal activity 11870150 2022-04-01 2023-03-31 11870150 core:WithinOneYear 2023-03-31 11870150 core:AfterOneYear 2023-03-31 11870150 core:ShareCapital 2023-03-31 11870150 core:RetainedEarningsAccumulatedLosses 2023-03-31 11870150 2023-04-01 2024-03-31 11870150 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11870150 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11870150 bus:Director40 2023-04-01 2024-03-31 11870150 1 2023-04-01 2024-03-31 11870150 2 2023-04-01 2024-03-31 11870150 core:Goodwill 2023-04-01 2024-03-31 11870150 core:PlantMachinery 2023-04-01 2024-03-31 11870150 core:Vehicles 2023-04-01 2024-03-31 11870150 countries:England 2023-04-01 2024-03-31 11870150 bus:FRS102 2023-04-01 2024-03-31 11870150 bus:FilletedAccounts 2023-04-01 2024-03-31 11870150 2024-03-31 11870150 core:WithinOneYear 2024-03-31 11870150 core:AfterOneYear 2024-03-31 11870150 core:ShareCapital 2024-03-31 11870150 core:RetainedEarningsAccumulatedLosses 2024-03-31 11870150 core:Goodwill 2024-03-31 11870150 core:PlantMachinery 2024-03-31 11870150 core:Vehicles 2024-03-31 11870150 2023-03-31 11870150 core:PlantMachinery 2023-03-31 11870150 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure