Vidleos Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08724524

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		274		609

			274		609
CURRENT ASSETS
Debtors	5	2,142		3,906
Cash at bank and in hand		-		5,537

		2,142		9,443
Creditors: Amounts Falling Due Within One Year	6	(31,527 )		(13,405 )

NET CURRENT ASSETS (LIABILITIES)			(29,385 )		(3,962 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(29,111 )		(3,353 )

Creditors: Amounts Falling Due After More Than One Year	7		(30,778 )		(36,907 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(52 )		(115 )

NET LIABILITIES			(59,941 )		(40,375 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Share premium account			49,995		49,995
Profit and Loss Account			(110,036 )		(90,470 )

SHAREHOLDERS' FUNDS			(59,941)		(40,375)

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Vidleos Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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

Mr John Mason

Director

29/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Vidleos Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08724524 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

2.4. 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:

Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.5. 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.

2.6. Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2

	2	2

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Vidleos Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	548	22,344	22,892

As at 31 October 2024	548	22,344	22,892

Depreciation
As at 1 November 2023	489	21,794	22,283
Provided during the period	59	276	335

As at 31 October 2024	548	22,070	22,618

Net Book Value
As at 31 October 2024	-	274	274

As at 1 November 2023	59	550	609

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	1,764
Other debtors	2,142	2,142

	2,142	3,906

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	19,722	5,976
VAT	2,899	3,015
Other creditors	104	1,849
Accruals and deferred income	1,496	-
Directors' loan accounts	7,306	2,565

	31,527	13,405

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

	2024	2023
	£	£
Bank loans	30,778	36,907

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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