IRIS Accounts Production v24.3.2.46 12620537 Board of Directors 31.5.23 30.5.24 30.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126205372023-05-30126205372024-05-30126205372023-05-312024-05-30126205372022-05-31126205372022-06-012023-05-30126205372023-05-3012620537ns15:EnglandWales2023-05-312024-05-3012620537ns14:PoundSterling2023-05-312024-05-3012620537ns10:Director12023-05-312024-05-3012620537ns10:PrivateLimitedCompanyLtd2023-05-312024-05-3012620537ns10:SmallEntities2023-05-312024-05-3012620537ns10:AuditExempt-NoAccountantsReport2023-05-312024-05-3012620537ns10:SmallCompaniesRegimeForDirectorsReport2023-05-312024-05-3012620537ns10:SmallCompaniesRegimeForAccounts2023-05-312024-05-3012620537ns10:FullAccounts2023-05-312024-05-301262053712023-05-312024-05-3012620537ns10:OrdinaryShareClass12023-05-312024-05-3012620537ns10:Director22023-05-312024-05-3012620537ns10:RegisteredOffice2023-05-312024-05-3012620537ns5:CurrentFinancialInstruments2024-05-3012620537ns5:CurrentFinancialInstruments2023-05-3012620537ns5:ShareCapital2024-05-3012620537ns5:ShareCapital2023-05-3012620537ns5:RetainedEarningsAccumulatedLosses2024-05-3012620537ns5:RetainedEarningsAccumulatedLosses2023-05-3012620537ns5:NetGoodwill2023-05-312024-05-3012620537ns5:FurnitureFittings2023-05-312024-05-3012620537ns5:ComputerEquipment2023-05-312024-05-3012620537ns5:NetGoodwill2023-05-3012620537ns5:NetGoodwill2024-05-3012620537ns5:NetGoodwill2023-05-3012620537ns5:FurnitureFittings2023-05-3012620537ns5:ComputerEquipment2023-05-3012620537ns5:FurnitureFittings2024-05-3012620537ns5:ComputerEquipment2024-05-3012620537ns5:FurnitureFittings2023-05-3012620537ns5:ComputerEquipment2023-05-3012620537ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3012620537ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3012620537ns10:OrdinaryShareClass12024-05-30
REGISTERED NUMBER: 12620537 (England and Wales)















The Vizualize Group Limited

Unaudited Financial Statements for the Year Ended 30 May 2024






The Vizualize Group Limited (Registered number: 12620537)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Vizualize Group Limited

Company Information
for the Year Ended 30 May 2024







Directors: Michaela Hogg
David James Hogg





Registered office: 4th Floor Silverstream House
No 45 Fitzroy Street
Fitzrovia
London
W1T 6EB





Registered number: 12620537 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

The Vizualize Group Limited (Registered number: 12620537)

Statement of Financial Position
30 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 25,000 25,000
Tangible assets 5 2,739 3,348
27,739 28,348

Current assets
Debtors 6 6,710 9,725
Cash at bank 30,438 22,289
37,148 32,014
Creditors
Amounts falling due within one year 7 57,967 62,880
Net current liabilities (20,819 ) (30,866 )
Total assets less current liabilities 6,920 (2,518 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 6,820 (2,618 )
Shareholders' funds 6,920 (2,518 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Vizualize Group Limited (Registered number: 12620537)

Statement of Financial Position - continued
30 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





David James Hogg - Director


The Vizualize Group Limited (Registered number: 12620537)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. Statutory information

The Vizualize Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration receivable in respect of mortgage broker fees during the period.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £2,500 and the profit for the year reduced accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

The Vizualize Group Limited (Registered number: 12620537)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 31 May 2023
and 30 May 2024 25,000
Net book value
At 30 May 2024 25,000
At 30 May 2023 25,000

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 31 May 2023 5,103 2,552 7,655
Additions - 489 489
At 30 May 2024 5,103 3,041 8,144
Depreciation
At 31 May 2023 2,490 1,817 4,307
Charge for year 522 576 1,098
At 30 May 2024 3,012 2,393 5,405
Net book value
At 30 May 2024 2,091 648 2,739
At 30 May 2023 2,613 735 3,348

The Vizualize Group Limited (Registered number: 12620537)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 6,281 6,387
Other debtors 429 3,338
6,710 9,725

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,175 342
Taxation and social security 1,981 -
Other creditors 53,811 62,538
57,967 62,880

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100