Registered number
07015040
Neuvision Limited
Filleted Accounts
30 September 2024
Neuvision Limited
Registered number: 07015040
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 5
Current assets
Debtors 4 1,075,926 2,034,362
Investments held as current assets 5 - 43,914
Cash at bank and in hand 7 13
1,075,933 2,078,289
Creditors: amounts falling due within one year 6 (352,762) (815,311)
Net current assets 723,171 1,262,978
Total assets less current liabilities 723,171 1,262,983
Creditors: amounts falling due after more than one year 7 (1,382,884) (1,142,150)
Net (liabilities)/assets (659,713) 120,833
Capital and reserves
Called up share capital 80 80
Share premium 199,988 199,988
Profit and loss account (859,781) (79,235)
Shareholders' funds (659,713) 120,833
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Martin Knight
Director
Approved by the board on 11 June 2025
Neuvision Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 7,363
Disposals (5,572)
At 30 September 2024 1,791
Depreciation
At 1 October 2023 7,358
On disposals (5,567)
At 30 September 2024 1,791
Net book value
At 30 September 2024 -
At 30 September 2023 5
4 Debtors 2024 2023
£ £
Trade debtors - 1,027,001
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,075,926 -
Other debtors - 1,007,361
1,075,926 2,034,362
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 43,914
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,443 7,211
Trade creditors 14,468 14,678
Amounts owed to group undertakings and undertakings in which the company has a participating interest 62,015 36,663
Taxation and social security costs 21,755 193,966
Other creditors 241,081 562,793
352,762 815,311
Other creditors includes amounts owed to the director's of the business totalling £196,582 (2023: £306,062).
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,382,884 1,142,150
8 Other information
Neuvision Limited is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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