Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05813232 Mr Henry Stuart Mr Alastair Bewick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05813232 2023-09-30 05813232 2024-09-30 05813232 2023-10-01 2024-09-30 05813232 frs-core:CurrentFinancialInstruments 2024-09-30 05813232 frs-core:Non-currentFinancialInstruments 2024-09-30 05813232 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05813232 frs-core:PlantMachinery 2024-09-30 05813232 frs-core:PlantMachinery 2023-10-01 2024-09-30 05813232 frs-core:PlantMachinery 2023-09-30 05813232 frs-core:SharePremium 2024-09-30 05813232 frs-core:ShareCapital 2024-09-30 05813232 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05813232 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05813232 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05813232 frs-bus:SmallEntities 2023-10-01 2024-09-30 05813232 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05813232 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05813232 frs-core:CostValuation 2023-09-30 05813232 frs-core:CostValuation 2024-09-30 05813232 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 05813232 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 05813232 frs-bus:Director1 2023-10-01 2024-09-30 05813232 frs-bus:Director2 2023-10-01 2024-09-30 05813232 frs-countries:EnglandWales 2023-10-01 2024-09-30 05813232 2022-09-30 05813232 2023-09-30 05813232 2022-10-01 2023-09-30 05813232 frs-core:CurrentFinancialInstruments 2023-09-30 05813232 frs-core:Non-currentFinancialInstruments 2023-09-30 05813232 frs-core:SharePremium 2023-09-30 05813232 frs-core:ShareCapital 2023-09-30 05813232 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05813232
Visualise Creative Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Barnridge Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05813232
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,441 24,749
Investments 5 25,050 25,050
49,491 49,799
CURRENT ASSETS
Debtors 6 77,280 103,236
Cash at bank and in hand 137,499 212,341
214,779 315,577
Creditors: Amounts Falling Due Within One Year 7 (34,327 ) (105,255 )
NET CURRENT ASSETS (LIABILITIES) 180,452 210,322
TOTAL ASSETS LESS CURRENT LIABILITIES 229,943 260,121
Creditors: Amounts Falling Due After More Than One Year 8 - (281 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,055 ) (3,395 )
NET ASSETS 223,888 256,445
CAPITAL AND RESERVES
Called up share capital 9 2,222 2,222
Share premium account 7,600 7,600
Profit and Loss Account 214,066 246,623
SHAREHOLDERS' FUNDS 223,888 256,445
Page 1
Page 2
For the year ending 30 September 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Henry Stuart
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Visualise Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05813232 . The registered office is Unit A205 The Biscuit Factory, 100 Drummond Road, London, SE16 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services inclusive of direct expenses incurred on client deliverables.
Where the outcome of a project can be estimated reliably and the revenue associated with the project can be estimated reliably, the project revenue is recognised in the profit and loss account by reference to the stage of completion at the balance sheet date, if the right to the consideration has been obtained through performance.
Factors taken into account in assessing the percentage completion of a project include, hours worked against expected hours, project phases, milestones or deliverables completed. 
Consideration accrues as project activity progresses by reference to the value of work performed. Where the value of consideration exceeds the amount invoiced, this is recognised as accrued income within debtors. Where the amount invoiced exceeds the value of project work performed the excess is recognised as deferred income within creditors. If the right to consideration is conditional or contingent on a specified future event or outcome, the occurrence of which is outside the Company's control, turnover is not recognised until that critical event occurs.
When services are performed by an indeterminate number of acts over a specified period of time, revenue is recognised on a straight-line basis over the specified period unless there is evidence that some other method better represents the stage of completion.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
Computer Equipment over 5 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 78,323
Additions 10,489
Disposals (24,710 )
As at 30 September 2024 64,102
Depreciation
As at 1 October 2023 53,574
Provided during the period 9,674
Disposals (23,587 )
As at 30 September 2024 39,661
Net Book Value
As at 30 September 2024 24,441
As at 1 October 2023 24,749
5. Investments
Other
£
Cost
As at 1 October 2023 25,050
As at 30 September 2024 25,050
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 25,050
As at 1 October 2023 25,050
Page 4
Page 5
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 37,056 72,548
Other debtors 40,224 30,688
77,280 103,236
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 17,367 7,380
Bank loans and overdrafts 42 -
Other creditors 4,063 46,659
Taxation and social security 12,855 51,216
34,327 105,255
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Other creditors - 281
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 2,222 2,222
Page 5