Company registration number 06542079 (England and Wales)
MIMIC VISUALISATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MIMIC VISUALISATION LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
MIMIC VISUALISATION LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
214
-
0
Current assets
Debtors
5
9,500
3,200
Cash at bank and in hand
17,840
5,735
27,340
8,935
Creditors: amounts falling due within one year
6
(11,654)
(4,749)
Net current assets
15,686
4,186
Net assets
15,900
4,186
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
15,898
4,184
Total equity
15,900
4,186

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 October 2025
Mr H Cross
Director
Company registration number 06542079 (England and Wales)
MIMIC VISUALISATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Mimic Visualisation Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 96 Bournville Lane, Birmingham, B30 1LN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MIMIC VISUALISATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

MIMIC VISUALISATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was Nil (2024: Nil).

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
8,170
Additions
260
At 31 March 2025
8,430
Depreciation and impairment
At 1 April 2024
8,170
Depreciation charged in the year
46
At 31 March 2025
8,216
Carrying amount
At 31 March 2025
214
At 31 March 2024
-
0
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,800
-
0
Other debtors
7,700
3,200
9,500
3,200
MIMIC VISUALISATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
8,672
3,437
Other creditors
2,982
1,312
11,654
4,749
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary share of £1 each
1
1
1
1
B Ordinary share of £1 each
1
1
1
1
2
2
2
2
2025-03-31 2024-04-01 false false false 29 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr H Cross Mr W Cross 0 06542079 2024-04-01 2025-03-31 06542079 2025-03-31 06542079 2024-03-31 06542079 core:OtherPropertyPlantEquipment 2025-03-31 06542079 core:OtherPropertyPlantEquipment 2024-03-31 06542079 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06542079 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06542079 core:CurrentFinancialInstruments 2025-03-31 06542079 core:CurrentFinancialInstruments 2024-03-31 06542079 core:ShareCapital 2025-03-31 06542079 core:ShareCapital 2024-03-31 06542079 core:RetainedEarningsAccumulatedLosses 2025-03-31 06542079 core:RetainedEarningsAccumulatedLosses 2024-03-31 06542079 core:ShareCapitalOrdinaryShareClass2 2025-03-31 06542079 core:ShareCapitalOrdinaryShareClass2 2024-03-31 06542079 core:ShareCapitalOrdinaryShareClass3 2025-03-31 06542079 core:ShareCapitalOrdinaryShareClass3 2024-03-31 06542079 core:ShareCapitalOrdinaryShares 2025-03-31 06542079 core:ShareCapitalOrdinaryShares 2024-03-31 06542079 bus:Director1 2024-04-01 2025-03-31 06542079 core:ComputerEquipment 2024-04-01 2025-03-31 06542079 core:OtherPropertyPlantEquipment 2024-03-31 06542079 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06542079 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 06542079 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 06542079 bus:OrdinaryShareClass2 2025-03-31 06542079 bus:OrdinaryShareClass2 2024-03-31 06542079 bus:OrdinaryShareClass3 2025-03-31 06542079 bus:OrdinaryShareClass3 2024-03-31 06542079 bus:AllOrdinaryShares 2025-03-31 06542079 bus:AllOrdinaryShares 2024-03-31 06542079 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06542079 bus:FRS102 2024-04-01 2025-03-31 06542079 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06542079 bus:CompanySecretary1 2024-04-01 2025-03-31 06542079 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06542079 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP