REGISTERED NUMBER: 03011382 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Visionbase Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P A Oxley

REGISTERED OFFICE:

Omega Court

370 Cemetery Road

Sheffield

South Yorkshire

S11 8FT

REGISTERED NUMBER:

03011382 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

4

66,156

82,957

CURRENT ASSETS

Debtors

5

201,620

200,749

Cash at bank

54,213

49,034

255,833

249,783

CREDITORS

Amounts falling due within one year

6

99,072

102,632

NET CURRENT ASSETS

156,761

147,151

TOTAL ASSETS LESS CURRENT LIABILITIES

222,917

230,108

CREDITORS

Amounts falling due after more than one year

7

(47,864

)

(54,735

)

PROVISIONS FOR LIABILITIES

(3,590

)

(3,958

)

NET ASSETS

171,463

171,415

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

171,363

171,315

SHAREHOLDERS' FUNDS

171,463

171,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr P A Oxley - Director

1.	STATUTORY INFORMATION

Visionbase Software 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31 December 2023

and 30 December 2024

11,777

77,032

41,146

129,955

DEPRECIATION

At 31 December 2023

7,033

7,724

32,241

46,998

Charge for year

712

13,862

2,227

16,801

At 30 December 2024

7,745

21,586

34,468

63,799

NET BOOK VALUE

At 30 December 2024

4,032

55,446

6,678

66,156

At 30 December 2023

4,744

69,308

8,905

82,957

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 31 December 2023

and 30 December 2024

77,032

DEPRECIATION

At 31 December 2023

7,724

Charge for year

13,862

At 30 December 2024

21,586

NET BOOK VALUE

At 30 December 2024

55,446

At 30 December 2023

69,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,474

15,787

Other debtors

46,494

46,109

Directors' loan accounts

138,604

134,810

Prepayments

4,048

4,043

201,620

200,749

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

6,871

6,871

Trade creditors

10,715

11,232

Tax

19,564

14,199

Social security and other taxes

103

-

VAT

11,200

9,226

Other creditors

15,710

10,784

Accruals and deferred income

34,909

50,320

99,072

102,632

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

47,864

54,735

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

6,871

6,871

Between one and five years

47,864

54,735

54,735

61,606

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

9,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

£

Mr P A Oxley

Balance outstanding at start of year

134,811

155,659

Amounts advanced

64,829

52,742

Amounts repaid

(61,036

)

(73,590

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

138,604

134,811

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P A Oxley.