Company Registration No. 05348559 (England and Wales)
VISUAL CONCEPT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
A6 Kingfisher House
Kingsway
Team Valley Trading Estate
Gateshead
NE11 OJQ
VISUAL CONCEPT LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,114
-
0
Current assets
Stocks
6,000
5,000
Debtors
4
991,405
1,017,659
Cash at bank and in hand
173,331
138,894
1,170,736
1,161,553
Creditors: amounts falling due within one year
5
(253,394)
(230,636)
Net current assets
917,342
930,917
Total assets less current liabilities
935,456
930,917
Provisions for liabilities
(4,529)
-
0
Net assets
930,927
930,917
Capital and reserves
Called up share capital
500
500
Profit and loss reserves
930,427
930,417
Total equity
930,927
930,917

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

VISUAL CONCEPT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
..............................................
Mr Paul Davidson
Director
Company registration number 05348559 (England and Wales)
VISUAL CONCEPT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Visual Concept Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 38a Bellingham Drive North Tyne Industrial Estate, Newcastle Upon Tyne, United Kingdom, NE12 9SZ.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

VISUAL CONCEPT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

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:

Plant and equipment
20% Reducing Balance
Fixtures and fittings
33% Straight Line
Motor vehicles
25% Reducing Balance

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
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

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 balance sheet 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.

VISUAL CONCEPT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
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 and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

VISUAL CONCEPT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
12
10
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
-
0
-
0
-
0
-
0
Additions
1,540
787
20,000
22,327
At 31 March 2025
1,540
787
20,000
22,327
Depreciation and impairment
At 1 April 2024
-
0
-
0
-
0
-
0
Depreciation charged in the year
234
229
3,750
4,213
At 31 March 2025
234
229
3,750
4,213
Carrying amount
At 31 March 2025
1,306
558
16,250
18,114
At 31 March 2024
-
0
-
0
-
0
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
314,657
250,836
Amounts owed by group undertakings
636,925
720,365
Other debtors
39,823
46,458
991,405
1,017,659
VISUAL CONCEPT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
236
2,614
Trade creditors
90,142
93,010
Corporation tax
138,388
118,872
Other taxation and social security
9,641
6,465
Other creditors
14,987
9,675
253,394
230,636
6
Parent company

The company is a wholly owned subsidiary of PDMH Holdings Limited, a company incorporated in England and Wales, company number 12062961. Its registered office is: Unit 38A Bellingham Drive, North Tyne Industrial Estate, Newcastle upon Tyne, NE12 9SZ.

PDMH Holdings Limited is controlled by Mr P A Davidson.

2025-03-31 2024-04-01 false false false 03 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mark Hardy Paul Davidson 05348559 2024-04-01 2025-03-31 05348559 2025-03-31 05348559 2024-03-31 05348559 core:PlantMachinery 2025-03-31 05348559 core:FurnitureFittings 2025-03-31 05348559 core:MotorVehicles 2025-03-31 05348559 core:PlantMachinery 2024-03-31 05348559 core:FurnitureFittings 2024-03-31 05348559 core:MotorVehicles 2024-03-31 05348559 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05348559 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05348559 core:CurrentFinancialInstruments 2025-03-31 05348559 core:CurrentFinancialInstruments 2024-03-31 05348559 core:ShareCapital 2025-03-31 05348559 core:ShareCapital 2024-03-31 05348559 core:RetainedEarningsAccumulatedLosses 2025-03-31 05348559 core:RetainedEarningsAccumulatedLosses 2024-03-31 05348559 bus:Director2 2024-04-01 2025-03-31 05348559 core:PlantMachinery 2024-04-01 2025-03-31 05348559 core:FurnitureFittings 2024-04-01 2025-03-31 05348559 core:MotorVehicles 2024-04-01 2025-03-31 05348559 2023-04-01 2024-03-31 05348559 core:PlantMachinery 2024-03-31 05348559 core:FurnitureFittings 2024-03-31 05348559 core:MotorVehicles 2024-03-31 05348559 2024-03-31 05348559 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05348559 bus:FRS102 2024-04-01 2025-03-31 05348559 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05348559 bus:Director1 2024-04-01 2025-03-31 05348559 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05348559 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP