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REGISTERED NUMBER: 06828091 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Viavi Limited

Viavi Limited (Registered number: 06828091)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Viavi Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr S Donnai
C I Jessop
J D Wreaves
T M Walker





SECRETARY: Dr S Donnai





REGISTERED OFFICE: 9 Devonshire Place
London
W1G 6HP





REGISTERED NUMBER: 06828091 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Viavi Limited (Registered number: 06828091)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 266,999 179,947
Tangible assets 5 35,028 43,607
302,027 223,554

Current assets
Debtors 6 545,827 917,934
Cash at bank 668,247 717,639
1,214,074 1,635,573
Creditors
Amounts falling due within one year 7 (262,466 ) (191,629 )
Net current assets 951,608 1,443,944
Total assets less current liabilities 1,253,635 1,667,498

Provisions for liabilities 8 (67,282 ) (67,349 )

Accruals and deferred income (330,306 ) (295,986 )
Net assets 856,047 1,304,163

Capital and reserves
Called up share capital 9 10 10
Share premium (5,000 ) (5,000 )
Retained earnings 861,037 1,309,153
Shareholders' funds 856,047 1,304,163

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

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

Viavi Limited (Registered number: 06828091)

Balance Sheet - continued
31 December 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 20 August 2025 and were signed on its behalf by:





Dr S Donnai - Director


Viavi Limited (Registered number: 06828091)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Viavi 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.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Viavi Limited (Registered number: 06828091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 204,714
Additions 110,062
At 31 December 2024 314,776
AMORTISATION
At 1 January 2024 24,767
Charge for year 23,010
At 31 December 2024 47,777
NET BOOK VALUE
At 31 December 2024 266,999
At 31 December 2023 179,947

Viavi Limited (Registered number: 06828091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 96,428 32,080 - 27,527 156,035
Additions 721 414 10,000 - 11,135
Disposals - - (10,000 ) - (10,000 )
At 31 December 2024 97,149 32,494 - 27,527 157,170
DEPRECIATION
At 1 January 2024 53,827 31,074 - 27,527 112,428
Charge for year 9,258 456 583 - 10,297
Eliminated on disposal - - (583 ) - (583 )
At 31 December 2024 63,085 31,530 - 27,527 122,142
NET BOOK VALUE
At 31 December 2024 34,064 964 - - 35,028
At 31 December 2023 42,601 1,006 - - 43,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,033 62,614
Intercompany - Viavi Be Ltd - 296,166
Wages control account 984 -
Tax under S455 86,960 78,185
Directors' current accounts 275,051 242,342
VAT - 1,786
Prepayments and accrued income 125,799 136,841
Loan to Viavi Be Ltd - 100,000
545,827 917,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 215,763 134,760
Tax 8,416 19,744
PAYE/NI liability 26,925 24,187
Pension liability 2,594 1,855
VAT 376 -
Accruals and deferred income 8,392 11,083
262,466 191,629

Viavi Limited (Registered number: 06828091)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 57,282 42,349
Bad Debts Provision 10,000 25,000
67,282 67,349

Deferred
tax
£   
Balance at 1 January 2024 42,349
Provided during year 14,933
Balance at 31 December 2024 57,282

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
value(£

)

31.12.24£

31.12.23£
750 Ordinary shares A 0.01 7.50 7.50
237 Ordinary shares B 0.01 2.37 2.37
Total 9.87 9.87


10. ULTIMATE CONTROLLING PARTY

The company is under the control of Dr S Donnai who owns more than 75% of the issued share capital of the company and also a director of the company.