REGISTERED NUMBER: SC558738 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

IMMERSIVE EDGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Ballantyne

REGISTERED OFFICE:

5 South Charlotte Street

Edinburgh

EH2 4AN

REGISTERED NUMBER:

SC558738 (Scotland)

ACCOUNTANTS:

QACCOUNTING LTD

Windsor House,

Troon Way Business Centre,

Thurmaston, Leicestershire

LE4 9HA

FIXED ASSETS

Intangible assets

4

34,577

47,039

Tangible assets

5

281

562

34,858

47,601

CURRENT ASSETS

Debtors

6

20,519

24,190

Cash at bank

1,722

3,130

22,241

27,320

CREDITORS

Amounts falling due within one year

7

82,875

79,112

NET CURRENT LIABILITIES

(60,634

)

(51,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,776

)

(4,191

)

CREDITORS

Amounts falling due after more than one year

8

9,460

14,396

NET LIABILITIES

(35,236

)

(18,587

)

CAPITAL AND RESERVES

Called up share capital

10

63

63

Share premium

321,198

321,198

Retained earnings

(356,497

)

(339,848

)

SHAREHOLDERS' FUNDS

(35,236

)

(18,587

)

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 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 30 September 2025 and were signed by:

N Ballantyne - Director

1.	STATUTORY INFORMATION

IMMERSIVE EDGE LIMITED is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of Seven years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment is being amortised evenly over its estimated useful life of Three years.

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.

Going concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

In common with many other businesses the COVID 19 pandemic has caused a downturn in business but the various government support initiatives and the fact that the company has been able to reduce costs have helped to alleviate the effect of this. The directors are not able to predict what government measures will be taken to control the continued spread of the virus and so this does create a material uncertainty that may cast doubt on the company's ability to continue as a going concern however, after successfully adapting the business around the restrictions and disruptions of Covid 19 to deal with an online customer base the directors are of the view that the company will continue as a going concern and, therefore, will realise its assets, liabilities and commitments in the normal course of business.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

86,324

Disposals

(130

)

At 31 December 2024

86,194

AMORTISATION

At 1 January 2024

39,285

Amortisation for year

12,332

At 31 December 2024

51,617

NET BOOK VALUE

At 31 December 2024

34,577

At 31 December 2023

47,039

5.	TANGIBLE FIXED ASSETS

IT

Equipment

£

COST

At 1 January 2024

and 31 December 2024

3,512

DEPRECIATION

At 1 January 2024

2,950

Charge for year

281

At 31 December 2024

3,231

NET BOOK VALUE

At 31 December 2024

281

At 31 December 2023

562

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,398

8,069

Other debtors

16,121

16,121

20,519

24,190

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

22,771

16,565

P.A.Y.E

3,019

6,660

Trade creditors

16,919

27,637

Taxation and social security

820

2,676

Other creditors

39,346

25,574

82,875

79,112

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

9,460

14,396

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

22,771

16,565

Amounts falling due between two and five years:

Bank loans - 2-5 years

9,460

14,396

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

6,315

Ordinary

0.01

63

63

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N Ballantyne.

The ultimate controlling party is N Ballantyne.

The company was under the control of the directors throughout the current year.