Registered number: 12355541 | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
Prepared By: | ||||||||
Wootton Taylor | ||||||||
Wootton Taylor | ||||||||
30 Foregate Street | ||||||||
Worcester | ||||||||
WR1 1DS |
Viewpoint Feedback Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12355541 | ||||||||
ACCOUNTANTS | ||||||||
Wootton Taylor | ||||||||
Wootton Taylor | ||||||||
30 Foregate Street | ||||||||
Worcester | ||||||||
WR1 1DS |
Viewpoint Feedback Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Viewpoint Feedback Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
132,888 | 148,266 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT LIABILITIES | ( | (121,079) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 100,000 | 100,000 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Revaluation reserve | 1h,10 | 577,113 | 577,112 | |||||||
Profit and loss account | 80,829 | 77,864 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Viewpoint Feedback Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
1c. Depreciation | ||||||||
Equipment | straight line 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
Viewpoint Feedback Limited | ||||||||
1g. Goodwill | ||||||||
1h. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
1i. |
1j. Intagible Assets | ||||||||
Intagible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. | ||||||||
Patents and licences are being amortised evenly over their estimated useful life. | ||||||||
Development costs are being amortised evenly over their estimated useful life. |
1k. Financial Instruments | ||||||||
The company only enters into basic instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. | ||||||||
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss. | ||||||||
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a basis or to realise the asset and settle the liability simultaneously. |
1n. Debtors | ||||||||
Basic financial assets, including trade and other debtors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Viewpoint Feedback Limited | ||||||||
1o. Creditors | ||||||||
Basic financial liabilities, including trade and other creditors, loans from third parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at market rate of interest. Such instruments are subsequently carried at amortised cost using the effective instrument method, less any impairment. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
3. INTANGIBLE FIXED ASSETS | ||||||||
Purchased | Intelectual | |||||||
Patents | Goodwill | Property | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/06/2023 | 4,460 | 4,000 | 924,581 | 933,041 | ||||
Additions | - | - | 83,480 | 83,480 | ||||
At 31/05/2024 | 4,460 | 4,000 | 1,008,061 | 1,016,521 | ||||
Depreciation | ||||||||
At 01/06/2023 | 1,858 | 1,933 | 54,564 | 58,355 | ||||
For the year | 892 | 800 | 48,754 | 50,446 | ||||
At 31/05/2024 | 2,750 | 2,733 | 103,318 | 108,801 | ||||
Net Book Amounts | ||||||||
At 31/05/2024 | ||||||||
At 31/05/2023 | ||||||||
Viewpoint Feedback Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/06/2023 | 3,034 | 3,034 | ||
Additions | 3,817 | 3,817 | ||
At 31/05/2024 | 6,851 | 6,851 | ||
Depreciation | ||||
At 01/06/2023 | 1,444 | 1,444 | ||
For the year | 979 | 979 | ||
At 31/05/2024 | 2,423 | 2,423 | ||
Net Book Amounts | ||||
At 31/05/2024 | 4,428 | |||
At 31/05/2023 | 1,590 | |||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock of rental equipment | ||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 38,087 | 79,760 | ||||||
UK corporation tax | - | 41,548 | ||||||
Other debtors | 4,221 | 221 | ||||||
Prepayments | 7,652 | 4,664 | ||||||
49,960 | 126,193 | |||||||
Viewpoint Feedback Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 1,589 | - | ||||||
VAT | 2,846 | 9,341 | ||||||
Salaries and wages control | 1,422 | 1,422 | ||||||
NIC control | 2,049 | 16,063 | ||||||
Trade creditors | 29,208 | 57,897 | ||||||
Pension schemes | 877 | 1,423 | ||||||
Accruals | 49,250 | 63,584 | ||||||
Deferred income | 199,632 | 119,615 | ||||||
286,873 | 269,345 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 100,000 | 100,000 | ||||||
100,000 | 100,000 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Class A Ordinary share of £ 1 each | 64 | 64 | ||||||
| 42 | 42 | ||||||
| 90 | 90 | ||||||
| 25 | 25 | ||||||
221 | 221 | |||||||
10. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 577,113 | 577,112 | ||||||
577,113 | 577,112 | |||||||