VISSCORE LIMITED


Directors	BRIGGS, Stephan Grant
	NEWBURY, Paul Stephen


Registered Address	The Maltings
	East Tyndall Street
	Cardiff
	CF24 5EA


Registered Number	09185631 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		237,372		463,619
Tangible assets	4		1,550		2,935
			238,922		466,554
Current assets
Stocks	5	82,951		7,500
Debtors		81,202		175,279
Cash at bank and on hand		51,135		17,570
		215,288		200,349
Creditors amounts falling due within one year	6	(382,737)		(220,101)
Net current assets (liabilities)			(167,449)		(19,752)
Total assets less current liabilities			71,473		446,802
Creditors amounts falling due after one year	7		(30,000)		-
Net assets			41,473		446,802
Capital and reserves
Called up share capital			1,358,838		165,000
Other reserves			-		1,125,119
Profit and loss account			(1,317,365)		(843,317)
Shareholders' funds			41,473		446,802

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

NEWBURY, Paul Stephen
Director
Registered Company No. 09185631

VISSCORE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements. The reader's attention is also drawn to the post balance sheet debt capitalisation and sale from the Yard Associates group.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its
financial statements.
The reader's attention is also drawn to the post balance sheet debt capitalisation and sale from the Yard Associates group.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Development costs
	Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	9		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	968,910	968,910
Additions	15,981	15,981
At 31 December 24	984,891	984,891
Amortisation and impairment
At 01 January 24	505,291	505,291
Charge for year	242,228	242,228
At 31 December 24	747,519	747,519
Net book value
At 31 December 24	237,372	237,372
At 31 December 23	463,619	463,619

4.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 January 24	9,599	9,599
At 31 December 24	9,599	9,599
Depreciation and impairment
At 01 January 24	6,664	6,664
Charge for year	1,385	1,385
At 31 December 24	8,049	8,049
Net book value
At 31 December 24	1,550	1,550
At 31 December 23	2,935	2,935

5.	Stocks

	2024	2023
	£	£
Work in progress	82,951	7,500
Total	82,951	7,500

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	203,634	19,096
Taxation and social security	135,112	25,665
Other creditors	4,355	201
Accrued liabilities and deferred income	39,636	175,139
Total	382,737	220,101

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	30,000	-
Total	30,000	-