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Company No: 14416587 (England and Wales)

VISIONER ARTS LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

VISIONER ARTS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

VISIONER ARTS LTD

BALANCE SHEET

As at 31 October 2024
VISIONER ARTS LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024 31.10.2023
£ £
Fixed assets
Intangible assets 3 7,200 9,600
Tangible assets 4 6,165 3,688
13,365 13,288
Current assets
Debtors 2,000 2,000
Cash at bank and in hand 39,020 42,101
41,020 44,101
Creditors: amounts falling due within one year 5 ( 24,660) ( 36,859)
Net current assets 16,360 7,242
Total assets less current liabilities 29,725 20,530
Net assets 29,725 20,530
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 29,724 20,529
Total shareholder's funds 29,725 20,530

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Visioner Arts Ltd (registered number: 14416587) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Mr J A Haynes
Director
VISIONER ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
VISIONER ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Visioner Arts Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 156 Wellfield Road, London, SW16 2BU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 5 years straight line
Computer equipment 4 years straight line

2. Employees

Year ended
31.10.2024
Period from
13.10.2022 to
31.10.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 0

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 12,000 12,000
At 31 October 2024 12,000 12,000
Accumulated amortisation
At 01 November 2023 2,400 2,400
Charge for the financial year 2,400 2,400
At 31 October 2024 4,800 4,800
Net book value
At 31 October 2024 7,200 7,200
At 31 October 2023 9,600 9,600

4. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 November 2023 0 4,611 4,611
Additions 764 3,214 3,978
At 31 October 2024 764 7,825 8,589
Accumulated depreciation
At 01 November 2023 0 923 923
Charge for the financial year 153 1,348 1,501
At 31 October 2024 153 2,271 2,424
Net book value
At 31 October 2024 611 5,554 6,165
At 31 October 2023 0 3,688 3,688

5. Creditors: amounts falling due within one year

31.10.2024 31.10.2023
£ £
Amounts owed to director 16,038 25,867
Accruals 1,950 3,000
Taxation and social security 6,672 7,992
24,660 36,859

6. Called-up share capital

31.10.2024 31.10.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1