ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 09966704

Visible Image Limited

Financial statements

For the Period Ended 31 March 2025


Visible Image Limited

Company Information

Directors	S Stone (appointed 19 March 2024)
	D Williams (appointed 19 March 2024)
	M Alexander (resigned 19 March 2024)


Registered number	09966704


Registered office	Eagle Road Studios
	Unit 2D Eagle Road
	Moons Moat North Industrial Estate
	Redditch
	Worcestershire
	B98 9HF


Independent auditor	Dains Audit Limited
	2 Chamberlain Square
	Paradise Circus
	Birmingham
	B3 3AX


Visible Image Limited

Contents

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5


Visible Image Limited Registered number:09966704

Balance Sheet

As at 31 March 2025

	31 March	18 March
	2025	2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	16,810		71,918
Cash at bank and in hand	5	98		4,935
		16,908		76,853
Creditors: amounts falling due within one year	6	(4,500)		(53,072)
Net current assets			12,408		23,781
Creditors: amounts falling due after more than one year	7		-		(11,373)

Net assets			12,408		12,408

Capital and reserves
Called up share capital	9	100	100
Profit and loss account	10	12,308	12,308
		12,408	12,408

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.

D Williams

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


Visible Image Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

1.	General information

Visible Image Limited is a private company, limited by shares, registered in England and Wales, registration
number 09966704, registration address Unit 2D Eagle Road, Moons Moat North Industrial Estate, Redditch, Worcestershire, B98 9HF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

During the financial period, the company changed its accounting year end date from 18 March to 31 March to align its reporting period with that of the wider group. As a result, the current reporting period covers the extended period from 19 March 2024 to 31 March 2025

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 2


Visible Image Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 -2).

Debtors

					31 March	18 March
					2025	2024
					£	£


Trade debtors	-	71,918
Amounts owed by group undertakings	16,810	-
	16,810	71,918

	Cash at bank and in hand	98	4,935

Page 3


Visible Image Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

Bank loans	-	18,496
Other taxation and social security	4,500	26,393
Other creditors	-	8,183
	4,500	53,072

	Bank loans	-	11,373

Amounts falling due within one year
Bank loans	-	18,496
Amounts falling due 1-2 years
Bank loans	-	11,373


	-	29,869

Page 4


Visible Image Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

Allotted, called up and fully paid

100 (2024 -100) Ordinary shares of £1.00 each	100	100

10.

Reserves

Profit and loss account

The profit and loss account reserve represents cumulative profits or losses, net of dividends paid and other adjustments.

11.	Related party transactions
	The Company has taken advantage of the exemption available under Section 1A of Financial Reporting Standard 102 not to disclose transactions with members of the Group headed by Gemporia Partnership Limited, where those transacions are concluded under normal market conditions.

12.	Controlling party

At 31 March 2025, the immediate parent undertaking is Gemporia Craft Limited, a company incorporated in England and Wales and registered in England and Wales.

At 31 March 2025, the ultimate parent undertaking is Gemporia Partnership Limited, a company incorporated in England and Wales and registered in England and Wales.

The parent undertaking of the smallest and largest group to consolidate their financial statements is Gemporia Partnership Limited, a company incorporated in England and Wales and registered in England and Wales. Copies of these financial statements con be obtained from Eagle Road Studios, Unit 2D Eagle Rood, Moons Moat North Industrial Estate, Redditch, Worcestershire, B98 9HF.

At 31 March 2025, the Directors considered the ultimate controlling party to be TGGC Employee Ownership Trust. TGGC EOT Ltd, a company incorporated in England and Wales and holding shores in Gemporia Partnership Limited, has been incorporated purely as a corporate trustee acting on behalf of the beneficiaries of the Trust.

13.	Auditor's information

The auditor's report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 23 December 2025 by Karina Parsons FCA (Senior Statutory Auditor) on behalf of Dains Audit Limited.

Page 5