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REGISTERED NUMBER: 11378499 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Vidglo Limited

Vidglo Limited (Registered number: 11378499)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vidglo Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Lockett
T R Murphy Jr





REGISTERED OFFICE: Genesis Centre
Innovation Way
Stoke-on-Trent
Staffordshire
ST6 4BF





REGISTERED NUMBER: 11378499 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Vidglo Limited (Registered number: 11378499)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 44,539 50,219

CURRENT ASSETS
Stocks 894,300 1,047,960
Debtors 5 90,509 183,212
Cash at bank and in hand 13,753 97,935
998,562 1,329,107
CREDITORS
Amounts falling due within one year 6 196,023 168,955
NET CURRENT ASSETS 802,539 1,160,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,078

1,210,371

CREDITORS
Amounts falling due after more than one
year

7

(18,035

)

(33,750

)

PROVISIONS FOR LIABILITIES (9,659 ) (8,138 )
NET ASSETS 819,384 1,168,483

CAPITAL AND RESERVES
Called up share capital 270 270
Share premium 2,204,835 1,907,356
Retained earnings (1,385,721 ) (739,143 )
819,384 1,168,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Vidglo Limited (Registered number: 11378499)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





S Lockett - Director


Vidglo Limited (Registered number: 11378499)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Vidglo 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Vidglo Limited (Registered number: 11378499)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 9,236 39,634 28,550 19,524 96,944
Additions - 10,907 - - 10,907
At 31 May 2024 9,236 50,541 28,550 19,524 107,851
DEPRECIATION
At 1 June 2023 1,847 22,505 13,531 8,842 46,725
Charge for year 1,487 6,741 3,758 4,601 16,587
At 31 May 2024 3,334 29,246 17,289 13,443 63,312
NET BOOK VALUE
At 31 May 2024 5,902 21,295 11,261 6,081 44,539
At 31 May 2023 7,389 17,129 15,019 10,682 50,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,217 8,345
Other debtors 83,292 174,867
90,509 183,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 23,516 46,720
Hire purchase contracts 2,332 -
Trade creditors 47,370 82,356
Taxation and social security 88,269 43,640
Other creditors 34,536 (3,761 )
196,023 168,955

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 15,000 33,750
Hire purchase contracts 3,035 -
18,035 33,750