2023-10-01 12581234 2024-09-30 12581234 2023-10-01 2024-09-30 12581234 2023-09-30 12581234 2022-10-01 2023-09-30 12581234 uk-core:WithinOneYear 2023-09-30 12581234 uk-core:WithinOneYear 2024-09-30 12581234 uk-core:AfterOneYear 2023-09-30 12581234 uk-core:AfterOneYear 2024-09-30 12581234 uk-core:ShareCapital 2024-09-30 12581234 uk-core:ShareCapital 2023-09-30 12581234 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 12581234 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 12581234 uk-bus:Director1 2023-10-01 2024-09-30 12581234 uk-bus:Director2 2023-10-01 2024-09-30 12581234 uk-core:NetGoodwill 2023-10-01 2024-09-30 12581234 uk-core:PlantMachinery 2023-10-01 2024-09-30 12581234 uk-core:ComputerEquipment 2023-10-01 2024-09-30 12581234 uk-core:CommercialMotorVehicles 2023-10-01 2024-09-30 12581234 uk-core:FurnitureFittings 2023-10-01 2024-09-30 12581234 uk-core:Goodwill 2023-09-30 12581234 uk-core:Goodwill 2024-09-30 12581234 uk-core:Goodwill 2023-10-01 2024-09-30 12581234 uk-core:ComputerEquipment 2023-09-30 12581234 uk-core:FurnitureFittings 2023-09-30 12581234 uk-core:CommercialMotorVehicles 2023-09-30 12581234 uk-core:PlantMachinery 2023-09-30 12581234 uk-core:CommercialMotorVehicles 2024-09-30 12581234 uk-core:FurnitureFittings 2024-09-30 12581234 uk-core:ComputerEquipment 2024-09-30 12581234 uk-core:PlantMachinery 2024-09-30 iso4217:GBP xbrli:pure 12581234 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12581234 uk-bus:FRS102 2023-10-01 2024-09-30 12581234 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 12581234 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
The Visual Unit Ltd
Registered Number:12581234
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
The Visual Unit Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
12581234
As at 30 September 2024
The Visual Unit Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
408
1,108
2
Property, plant and equipment
113,119
182,888
3
113,527
183,996
Current assets
Trade and other receivables
360,148
478,652
4
15,754
Cash and cash equivalents
51,690
530,342
375,902
Trade and other payables: amounts falling due within one
year
(327,808)
(453,467)
5
48,094
76,875
Net current assets
Total assets less current liabilities
190,402
232,090
Trade and other payables: amounts falling due after more
than one year
(94,085)
(67,011)
6
(27,508)
(44,782)
Provisions for liabilities
95,883
Net assets
93,223
Capital and reserves
Called up share capital
2
2
Retained earnings
95,881
93,221
95,883
93,223
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 6
4
Registered Number :
12581234
For the year ended 30 September 2024
The Visual Unit Ltd
Statement of Financial Position Continued
G Atkins Director
D Davies Director
These financial statements were approved and authorised for issue by the Board on 27 June 2025 and were signed by:
The notes form part of these financial statements
2 of 6
5
For the year ended 30 September 2024
The Visual Unit Ltd
Notes to the Financial Statements
Statutory Information
The Visual Unit Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12581234.
Principal place of business:
Unit 4 Broomsleigh Business Park
Worsley Bridge Road
London
SE26 5BN
Registered address:
F2 East Court
Enterprise Road
Maidstone
Kent
ME15 6JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006.
The financial statements have been prepared under the historical costs convention. The principal accounting policies
adopted are stated below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for design services and goods supplied during the period, excluding value added tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
33.33% Straight line
Computer Equipment
33.33% Straight line
Motor Vehicles
25% Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3 of 6
6
For the year ended 30 September 2024
The Visual Unit Ltd
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of minimum lease payments. The related laibility is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss. Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction.
Exchange rate differences arising on translation in the period are included in profit or loss.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2023
3,500
At 30 September 2024
3,500
Amortisation
At 01 October 2023
2,392
700
Charge for year
At 30 September 2024
3,092
Net book value
At 30 September 2024
408
At 30 September 2023
1,108
4 of 6
7
For the year ended 30 September 2024
The Visual Unit Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 October 2023
307,973
30,616
1,194
25,738
250,425
12,730
6,001
4,930
-
1,799
Additions
At 30 September 2024
25,738
6,124
36,617
320,703
252,224
Provision for depreciation and impairment
At 01 October 2023
125,085
17,442
231
8,494
98,918
Charge for year
82,499
10,580
519
8,493
62,907
At 30 September 2024
207,584
28,022
750
16,987
161,825
At 30 September 2024
Net book value
90,399
8,751
5,374
8,595
113,119
At 30 September 2023
151,507
17,244
963
13,174
182,888
4. Trade and other receivables
2023
2024
£
£
Trade debtors
204,243
161,363
Other debtors
274,409
198,785
360,148
478,652
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
131,977
58,859
Taxation and social security
132,302
105,374
Other creditors
189,188
163,575
453,467
327,808
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
67,011
94,085
5 of 6
8
For the year ended 30 September 2024
The Visual Unit Ltd
Notes to the Financial Statements Continued
7. Related party transactions
During the year the company loaned £22,606 to a company under common control of the directors. The loan was
provided interest free but is repayable on demand. The balance at the end of the year was £144,367 (2023:
£121,761) and is included in Other debtors in note 6 to the accounts.
8. Guarantees and other financial commitments
Lease commitments
At 30 September 2024 the company had annual commitments under non-cancellable operating leases as set out
below:
2024
£
Operating leases which expire:
2,699
Within 1 year
2,699
9. Average number of persons employed
During the year the average number of employees was 10 (2023 : 10)
6 of 6