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Registered number: 06987857
PRS IN VIVO UK LIMITED
Unaudited Financial Statements
For The Year Ended 30 December 2024
Kennedys Accounting Limited
160 Eureka Park
Kennington
Ashford
Kent
TN25 4AZ
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 06987857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,968 16,504
15,968 16,504
CURRENT ASSETS
Debtors 5 4,317,069 4,149,879
Cash at bank and in hand 316,490 131,347
4,633,559 4,281,226
Creditors: Amounts Falling Due Within One Year 6 (5,887,468 ) (4,911,048 )
NET CURRENT ASSETS (LIABILITIES) (1,253,909 ) (629,822 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,237,941 ) (613,318 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (117 )
NET LIABILITIES (1,237,941 ) (613,435 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (1,237,942 ) (613,436 )
SHAREHOLDERS' FUNDS (1,237,941) (613,435)
For the year ending 30 December 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 director acknowledges his 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 Income Statement.
On behalf of the board
Mr Olivier Blanchet
Director
15/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PRS IN VIVO UK LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06987857 . The registered office is 5th Floor Kingsbourne House, 229-231 High Holbron, London, WC1V 2DA.
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
Turnover represents the value of work undertaken by the company in the financial year, which has been completed and accepted by clients under the terms of their contracts with the comapny. In assessing the values attributable to contracts in progress at the balance sheet date, turnover is accrued based upon the stage of completion of the contract and the extent to which the right to consideration has been obtained through performance. 
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:
Computer Equipment straight line over 3/5 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 78 68
78 68
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 31 December 2023 395,813
Additions 12,248
As at 30 December 2024 408,061
Depreciation
As at 31 December 2023 379,309
Provided during the period 12,784
As at 30 December 2024 392,093
Net Book Value
As at 30 December 2024 15,968
As at 31 December 2023 16,504
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,728,824 1,611,085
Prepayments and accrued income 199,699 200,239
Rent Deposits 70,916 70,916
Deferred tax current asset 579,381 458,686
Amounts owed by group undertakings 1,738,249 1,808,953
4,317,069 4,149,879
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 721,349 904,440
Other taxes and social security 47,844 49,397
VAT 48,140 12,857
Pension contributions 14,423 10,656
Accruals and deferred income 518,173 439,210
Amounts owed to group undertakings 4,537,539 3,494,488
5,887,468 4,911,048
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3
Page 4
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 190,122 166,915
Later than one year and not later than five years 337,935 221,929
528,057 388,844
9. Related Party Transactions
During the year BVA Nudge UNIT UK, another subsidiary of XPAGE GROUP made payments to the company totalling £NIL (2023: £72,934).  During the year the company made charges to BVA Nudge totalling £NIL (2023: £6,676). The total balance owed from BVA Nudge at the year-end amounted to £207,208 (2023: £207,208) which is included in debtors.  During the year the company incurred total sales of £NIL (2023: £3,125) and purchases of £NIL (2023: £6,676). 
During the year IN VIVO HK, another subsidiary of XPAGE GROUP, had collected monies on behalf of the company totalling £NIL (2023:£0). The balance owed from IN VIVO HK at the year-end amounted to £97,549 (2023: £102,239) which is included within debtors. Interest of £3,998 (2023: £3,922) has been charged on this balance which is included within interest receivable. At the year-end there is a balance of £8,823 (2023: £4,825) included within aged debtors.
During the year PRS IN VIVO CHINA, another subsidiary of XPAGE GROUP, had collected monies on behalf of the company totalling £NIL (2023: £0). The balance owed from PRS IN VIVO CHINA at the year-end amounted to £791,177 (2023: £826,307) which is included within debtors. Interest was charged on the loan totalling £26,888 (2023: £28,440) and this amount is included in interest receivable. At the year-end there is a balance of £55,328 (2023: £34,993) included within aged debtors.
During the year PRS IN VIVO ITALY, another subsidiary of XPAGE GROUP, had collected monies on behalf of the company totalling £NIL (2023: £0). The balance owed from PRS IN VIVO ITALY at the year-end amounted to £642,314 (2023: £673,199) which is included within debtors. Interest of £25,721.86 has been charged on this loan which is included in interest receivable. During the year the company incurred total sales of £77,770 (2023: £25,823) and purchases of £NIL (2023: £9,988).  At the year-end there is a balance of £103,508 (2023: £25,823) included within aged debtors and £1,575 (2023: £10,078) included within aged creditors.
During the year IN VIVO FRANCE, another subsidiary of XPAGE GROUP, made payments to the company totalling £NIL (2023: £30,684). During the year the company made payments to IN VIVO FRANCE totalling £833,744 (2023: NIL). During the year the company incurred total sales of £584,839 (2023 £896,243) and purchases of £60,548 (2023 £82,500). During the year the company made payments on behalf of IN VIVO FRANCE of £131,400 (2023: £616,293). The balance owed to IN VIVO FRANCE at the year-end is £33,562 (2023: £723,182) which is included in creditors. At the year-end there is a balance of £91,128 (2023: £197,061) included within aged debtors and £36,210 (2023 £69,763) included within aged creditors.
During the year XPAGE GROUP, the parent company of PRS IN VIVO UK LTD, made payments to the company totalling £1,753,943 (2023: £449,206). During the year the company made payments on behalf of XPAGE GROUP of £NIL (2023: £273,028). During the year the company incurred total purchases of £175,473 (2023: £313,906) and sales of £1,847 (2023: £1,841). The balance owed to XPAGE GROUP at the year-end amounted to £4,503,976 (2023: £2,771,305) which is included within creditors at the year end. Interest of £136,564 has been charged on this balance and is included in interest payable. At the year-end there is a balance of £1,847 (2023: £1,841) included within aged debtors and £165,444 (2023: £604,563) included within aged creditors.
During the year the company collected monies on behalf of PRS IN VIVO SWITZERLAND, another subsidiary of XPAGE GROUP, of £NIL (2023: £NIL). The company generated sales of £237,994 (2023: £443,290) of which £202,113 are included within aged debtors at the year end. The company also incurred purchases of £NIL (2023: £93,448).
During the year PRS IN VIVO GERMANY, another subsidiary of XPAGE GROUP, incurred sales of £53,649 (2023: £88,776) and purchases of £NIL (2023: £24,577). At the year-end there is a balance of £53,548 included within debtors. 
During the year PRS IN VIVO HOLDINGS, another subsidiary of XPAGE GROUP, incurred sales of £119,085 (2023: £341,061) and purchases of £10,254 (2023: £NIL). At the year-end there is a balance of £3,308 (2023: £334,212) included within aged debtors.
During the year PRS IN VIVO SINGAPORE, another subsidiary of XPAGE GROUP, incurred purchases of £131,840 (2023: £NIL) & sales of £49,496 (2023: £NIL). A total balance of £140,802 (2023: £8,962) is included within aged creditors and £672 (2023: £NIL) is included within aged debtors at the year end 
...CONTINUED
Page 4
Page 5
9. Related Party Transactions - continued
During the year BDRC CONTINENTAL, another subsidiary of XPAGE GROUP, incurred sales of £NIL (2023: £24,634) and purchases of £97,860 (2023: £117,399). A total balance of £115,560 (2023: £32,400) is included within aged creditors at the year end.
During the year BVA NUDGE UNIT US, another subsidiary of XPAGE GROUP, incurred purchases of £119,445 (2023: £NIL). A total balance of £69,272 (2023: £NIL) is included within aged creditors at the year end.
During the year BVA Mystery Shopping, another subsidiary of XPAGE GROUP, incurred sales of £29,100 (2023: £NIL) which was fully paid up at the year end. 
During the year BVA NUDGE UNIT LATAM, another subsidiary of XPAGE GROUP, incurred purchases of £77,491 (2023: £NIL). A total balance of £31,911 (2023: £NIL) is included within aged creditors at the year end.
During the year BVA PEOPLE CONSULTING, another subsidiary of XPAGE GROUP, incurred purchases of £12,019 (2023: £NIL) which was fully paid up at the year end. 
Page 5