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Registration number: 07144855

Fluid Vision Ltd

Unaudited Financial Statements

for the Period from 31 March 2023 to 30 June 2024

 

Fluid Vision Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Fluid Vision Ltd

(Registration number: 07144855)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,600

11,277

Current assets

 

Debtors

5

332,522

414,487

Cash at bank and in hand

 

316,709

814,490

 

649,231

1,228,977

Creditors: Amounts falling due within one year

6

(222,317)

(344,167)

Net current assets

 

426,914

884,810

Total assets less current liabilities

 

440,514

896,087

Creditors: Amounts falling due after more than one year

6

(10,083)

(23,274)

Provisions for liabilities

(2,584)

(2,143)

Net assets

 

427,847

870,670

Capital and reserves

 

Called up share capital

2

2

Retained earnings

427,845

870,668

Shareholders' funds

 

427,847

870,670

 

Fluid Vision Ltd

(Registration number: 07144855)
Balance Sheet as at 30 June 2024

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................
Mrs SA McDonnell
Director

 

Fluid Vision Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 30 June 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:
3 Thorp House
Thorp Street
Macclesfield
Cheshire
SK10 1LJ
England

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.
These financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises of the provision of services relating to advertising and marketing communications including design, advertising, exhibitions, visitor centres, websites, print and videos net of rebates and VAT.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;

 

Fluid Vision Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the non-discounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

 

Fluid Vision Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 14 (2023 - 18).

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 31 March 2023

91,271

91,271

Additions

9,256

9,256

At 30 June 2024

100,527

100,527

Depreciation

At 31 March 2023

79,994

79,994

Charge for the period

6,933

6,933

At 30 June 2024

86,927

86,927

Carrying amount

At 30 June 2024

13,600

13,600

At 30 March 2023

11,277

11,277

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

190,664

313,319

Amounts owed by related parties

135,837

-

Other debtors

 

6,021

101,168

   

332,522

414,487

 

Fluid Vision Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other borrowings

10,648

9,932

Trade creditors

 

81,780

55,891

Taxation and social security

 

68,514

113,172

Other creditors

 

61,375

165,172

 

222,317

344,167

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Other borrowings

10,083

23,274