REGISTERED NUMBER: 07052146 (England and Wales)

Visual Logic Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

R D Flinn

S Bartle

Registered office:

Gold Office 150

The Sharp Project

Thorpe Road

Manchester

M40 5BJ

Registered number:

07052146 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

7,850

7,809

7,850

7,809

Current assets

Debtors

6

281,342

210,757

Cash at bank and in hand

178,743

237,590

460,085

448,347

Creditors

Amounts falling due within one year

7

(280,664

)

(231,874

)

Net current assets

179,421

216,473

Total assets less current liabilities

187,271

224,282

Creditors

Amounts falling due after more than one year

8

(10,000

)

(34,000

)

Net assets

177,271

190,282

Capital and reserves

Called up share capital

10

1

1

Retained earnings

177,270

190,281

Shareholders' funds

177,271

190,282

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.

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 18 July 2025 and were signed on its behalf by:

R D Flinn - Director

1.	Statutory information

Visual Logic Ltd 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 value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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 etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the directors and employees. Contributions payable for the year are charged in the profit and loss account.

3.	Employees and directors

The average number of employees during the year was 17 (2023 - 12 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

10,000

Amortisation

At 1 January 2024

and 31 December 2024

10,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

24,592

Additions

2,654

At 31 December 2024

27,246

Depreciation

At 1 January 2024

16,783

Charge for year

2,613

At 31 December 2024

19,396

Net book value

At 31 December 2024

7,850

At 31 December 2023

7,809

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

279,600

207,680

Other debtors

1,742

1,742

Tax

-

1,335

281,342

210,757

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans and overdrafts

24,000

24,000

Trade creditors

13,741

17,052

Taxation and social security

238,101

188,379

Other creditors

4,822

2,443

280,664

231,874

8.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans

10,000

34,000

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

21,261

22,600

Between one and five years

5,148

26,409

26,409

49,009

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

60

Ordinary A

£0.01

1

1

40

Ordinary B

£0.01

-

-

1

1