Company Registration No. 15411616 (England and Wales)
Workplace Vision Limited
Unaudited accounts
for the period from 15 January 2024 to 31 December 2024
Workplace Vision Limited
Unaudited accounts
Contents
Workplace Vision Limited
Company Information
for the period from 15 January 2024 to 31 December 2024
Directors
J R Masters
C Bonner
D B Clarke
K Kamat
Company Number
15411616 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
GU1 3AA
UK
Workplace Vision Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
32,361
Creditors: amounts falling due within one year
(9,512)
Called up share capital
1,064
Profit and loss account
(130,853)
Shareholders' funds
53,843
For the period ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
J R Masters
Director
Company Registration No. 15411616
Workplace Vision Limited
Notes to the Accounts
for the period from 15 January 2024 to 31 December 2024
Workplace Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 15411616. The registered office is First Floor, 129 High Street, Guildford, GU1 3AA, UK.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Computer equipment
5 Year Straight-Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Workplace Vision Limited
Notes to the Accounts
for the period from 15 January 2024 to 31 December 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's intangible fixed assets & tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Intangible fixed assets
Other
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Tangible fixed assets
Computer equipment
Workplace Vision Limited
Notes to the Accounts
for the period from 15 January 2024 to 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
9,284
Accrued income and prepayments
3,019
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Creditors: amounts falling due within one year
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan
(2,377)
37,426
34,670
379
Directors' Loan
-
108
-
108
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Average number of employees
During the period the average number of employees was 1.