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REGISTERED NUMBER: 03152261 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VISION MATRIX LIMITED

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISION MATRIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G C Allen
E A Allen





REGISTERED OFFICE: 31 East Parade
Harrogate
HG1 5LQ





REGISTERED NUMBER: 03152261 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 200,000
Tangible assets 5 53,819 51,277
203,819 251,277

CURRENT ASSETS
Stocks 64,512 42,927
Debtors 6 949,735 621,778
Cash at bank and in hand 352,556 529,633
1,366,803 1,194,338
CREDITORS
Amounts falling due within one year 7 555,718 512,868
NET CURRENT ASSETS 811,085 681,470
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,904 932,747

CREDITORS
Amounts falling due after more than
one year

8

(15,833

)

(25,833

)

PROVISIONS FOR LIABILITIES 9 (13,251 ) (1,104 )
NET ASSETS 985,820 905,810

CAPITAL AND RESERVES
Called up share capital 10 7 7
Retained earnings 985,813 905,803
SHAREHOLDERS' FUNDS 985,820 905,810

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

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

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

BALANCE SHEET - continued
31 MARCH 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 14 August 2025 and were signed on its behalf by:





G C Allen - Director


VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Vision Matrix 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill is being amortised over it's estimated remaining useful life of four years on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 33% 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.

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
Charge for year 50,000
At 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 200,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 70,593 48,000 71,150 189,743
Additions 3,691 - 10,471 14,162
At 31 March 2024 74,284 48,000 81,621 203,905
DEPRECIATION
At 1 April 2023 53,554 14,400 70,512 138,466
Charge for year 3,151 4,800 3,669 11,620
At 31 March 2024 56,705 19,200 74,181 150,086
NET BOOK VALUE
At 31 March 2024 17,579 28,800 7,440 53,819
At 31 March 2023 17,039 33,600 638 51,277

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,779 157,748
Amounts due from parent undertaking 306,777 306,777
Directors' current accounts 390,705 157,253
Tax recoverable 108,474 -
949,735 621,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan creditor 10,000 10,000
Trade creditors 339,194 372,357
Corporation tax 131,572 58,299
Social security and other taxes 60,934 58,637
Accrued expenses 14,018 13,575
555,718 512,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loan creditor 15,833 25,833

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,251 1,104

Deferred
tax
£   
Balance at 1 April 2023 1,104
Provided during year 12,147
Balance at 31 March 2024 13,251

VISION MATRIX LIMITED (REGISTERED NUMBER: 03152261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 A Ordinary £1 4 4
2 B Ordinary £1 2 2
1 C Ordinary £1 1 1
7 7

Neither the B ordinary or C ordinary shares carry any voting rights. The holders of C ordinary shares are entitled to no more than the par value of the shares on a winding up. In all other respects the B ordinary and C ordinary shares rank parri passu with the A ordinary shares.

11. RELATED PARTY DISCLOSURES

At 31 March 2024 the company was owed £306,777 (2023: £306,777) from VMSurgical Limited. VMSurgical Limited is the immediate parent undertaking of Vision Matrix Limited.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.