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COMPANY REGISTRATION NUMBER: 05993290
Invisible Vision Ltd
Unaudited financial statements
30 November 2024
Invisible Vision Ltd
Statement of financial position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
11,705
11,242
Current assets
Stocks
69,304
137,160
Debtors
6
166,521
18,723
Cash at bank and in hand
1,280
22,085
---------
---------
237,105
177,968
Creditors: Amounts falling due within one year
7
( 140,536)
( 86,273)
---------
---------
Net current assets
96,569
91,695
---------
---------
Total assets less current liabilities
108,274
102,937
Creditors: Amounts falling due after more than one year
8
( 5,000)
( 15,000)
Provisions
Taxation including deferred tax
( 2,224)
( 2,136)
Accruals and deferred income
( 34,615)
( 34,765)
---------
---------
Net assets
66,435
51,036
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
66,335
50,936
-------
-------
Shareholders funds
66,435
51,036
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Invisible Vision Ltd
Statement of financial position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 6 August 2025 , and are signed on behalf of the board by:
Mr M J Riches
Director
Company registration number: 05993290
Invisible Vision Ltd
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Judges Drive, Norwich, Norfolk, NR4 7QQ. The trading address of the company is 17 Princes Street, Norwich, Norfolk, NR3 1AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initally recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Demo equipment
-
33% straight line
Office equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Demo equipment
Office equipment
Total
£
£
£
£
Cost
At 1 December 2023
33,404
35,470
28,361
97,235
Additions
3
1,327
1,330
-------
-------
-------
-------
At 30 November 2024
33,407
35,470
29,688
98,565
-------
-------
-------
-------
Depreciation
At 1 December 2023
32,991
26,302
26,700
85,993
Charge for the year
135
732
867
-------
-------
-------
-------
At 30 November 2024
33,126
26,302
27,432
86,860
-------
-------
-------
-------
Carrying amount
At 30 November 2024
281
9,168
2,256
11,705
-------
-------
-------
-------
At 30 November 2023
413
9,168
1,661
11,242
-------
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
1,271
370
Prepayments and accrued income
163,287
17,900
Other debtors
1,963
453
---------
-------
166,521
18,723
---------
-------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,073
24,650
Trade creditors
101,559
19,090
Social security and other taxes
27,373
3,187
Other creditors
1,531
39,346
---------
-------
140,536
86,273
---------
-------
8. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000
15,000
------
-------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
50
50
50
50
Ordinary B shares of £ 1 each
50
50
50
50
----
----
----
----
100
100
100
100
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
7,750
7,750
------
------