Immersive Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Immersive Limited for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Immersive Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Immersive Limited , as a body, in accordance with the terms of our engagement letter dated 12 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of Immersive Limited and state those matters that we have agreed to state to the directors of Immersive Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Immersive Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Immersive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Immersive Limited . You consider that Immersive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Immersive Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

18th February 2025

Allen Rose

Chartered Certified Accountants

PC019 Creative Industries Building. Mammoth Drive

Wolverhampton Science Park

Wolverhampton

WV10 9TG

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Immersive Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 07723438

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		37,051		31,272
Investments	5		510		510

			37,561		31,782
CURRENT ASSETS
Debtors	6	680,543		1,259,720
Cash at bank and in hand		61,990		17,335

		742,533		1,277,055
Creditors: Amounts Falling Due Within One Year	7	(666,929 )		(717,023 )

NET CURRENT ASSETS (LIABILITIES)			75,604		560,032

TOTAL ASSETS LESS CURRENT LIABILITIES			113,165		591,814

Creditors: Amounts Falling Due After More Than One Year	8		(47,000 )		(94,000 )

NET ASSETS			66,165		497,814

CAPITAL AND RESERVES
Called up share capital	9		1,120		1,120
Profit and Loss Account			65,045		496,694

SHAREHOLDERS' FUNDS			66,165		497,814

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Immersive Limited

Balance Sheet (continued)

As At 31 December 2024

For the year 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

T E Lexen

Director

18th February 2025

The notes on pages 4 to 6 form part of these financial statements.

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Immersive Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Immersive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07723438 . The registered office is The Tanneries (2nd Floor), 55 Bermondsey Street, London, SE1 3XH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Fixtures & Fittings	25% Straight Line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2023: 15)

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Immersive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	71,015	4,153	75,168
Additions	21,516	112	21,628

As at 31 December 2024	92,531	4,265	96,796

Depreciation
As at 1 January 2024	41,861	2,035	43,896
Provided during the period	14,787	1,062	15,849

As at 31 December 2024	56,648	3,097	59,745

Net Book Value
As at 31 December 2024	35,883	1,168	37,051

As at 1 January 2024	29,154	2,118	31,272

5. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	510

As at 31 December 2024	510

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	510

As at 1 January 2024	510

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	304,983	959,034
Amounts owed by group undertakings	148,827	70,692
Other debtors	226,733	229,994

	680,543	1,259,720

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Immersive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	210,890	314,894
Bank loans and overdrafts	47,006	154,880
Other loans	77,334	-
Amounts owed to group undertakings	510	510
Other creditors	122,482	125,882
Taxation and social security	208,707	120,857

	666,929	717,023

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	47,000	94,000

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	1,120	1,120

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024	31 December 2023
	£	£
Not later than one year	35,000	35,000

	35,000	35,000

There is an operating lease for the rental of the office premises.

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