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Company Registration No. 08353809 (England and Wales)
VIVID (UK) Limited Unaudited accounts for the year ended 30 June 2025
VIVID (UK) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VIVID (UK) Limited Company Information for the year ended 30 June 2025
Director
Paul O'Reilly
Company Number
08353809 (England and Wales)
Registered Office
Crown House, 9 Duke Street, RICHMOND TW9 1HP GB
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
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VIVID (UK) Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,888
4,855
Current assets
Inventories
5
13,912
13,912
Debtors
6
76,076
196,538
Cash at bank and in hand
363,167
340,952
453,155
551,402
Creditors: amounts falling due within one year
7
(122,158)
(283,140)
Net current assets
330,997
268,262
Total assets less current liabilities
333,885
273,117
Creditors: amounts falling due after more than one year
8
-
(10,000)
Net assets
333,885
263,117
Capital and reserves
Called up share capital
9
60
60
Profit and loss account
333,825
263,057
Shareholders' funds
333,885
263,117
For the year ending 30 June 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2026 and were signed on its behalf by
Paul O'Reilly Director Company Registration No. 08353809
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VIVID (UK) Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
VIVID (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08353809. The registered office is Crown House, 9 Duke Street,, RICHMOND, TW9 1HP, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
After reviewing the company?s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the company has transferred all the significant risks and rewards of ownership of the goods to the buyer; - the company retains neither continuing managerial involvement, nor effective control, over the goods to the degree usually associated with ownership; - the amount of the revenue can be reliably measured; - it is probable that the economic benefits associated with the sale will flow to the entity; and - the costs (to be) incurred in respect of the transaction can be reliably measured. Turnover is recognised on despatch of goods which is the point at which the company transfers the significant risks and rewards of ownership of the goods to the customer. The company retains legal title of the goods until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership. Amounts received in advance of shipping goods to customers are recognised as deferred income and presented within creditors: amounts falling due within one year. Other income relates to rent and interest receivable. Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force. Interest income is recognised using the effective interest method.
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VIVID (UK) Limited Notes to the Accounts for the year ended 30 June 2025
Taxation
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset. Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive or equity as the case may be.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management. Depreciation is provided on all tangible fixed assets at rates which are calculated to write off the cost, less estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), of each asset on a systematic basis over its expected useful life as follows:
Motor vehicles
4 years
Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, freight, irrecoverable taxes and other directly attributable costs which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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VIVID (UK) Limited Notes to the Accounts for the year ended 30 June 2025
Pension costs
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
15,040
663
7,339
23,042
At 30 June 2025
15,040
663
7,339
23,042
Depreciation
At 1 July 2024
15,040
199
2,948
18,187
Charge for the year
-
133
1,834
1,967
At 30 June 2025
15,040
332
4,782
20,154
Net book value
At 30 June 2025
-
331
2,557
2,888
At 30 June 2024
-
464
4,391
4,855
5
Inventories
2025
2024
£
£
Finished goods
13,912
13,912
13,912
13,912
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VIVID (UK) Limited Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
(26,723)
Trade debtors
73,976
222,261
Other debtors
2,100
1,000
76,076
196,538
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,593
13,282
VAT
2,019
180
Trade creditors
19,330
59,278
Taxes and social security
23,817
20,935
Other creditors
3
(306)
Loans from directors
396
351
Accruals
-
4,400
Deferred income
65,000
185,020
122,158
283,140
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
10,000
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
60 Ordinary shares of £1 each
60
60
10
Loans to directors
The outstanding amount was included in Other Debtors and has been fully repaid in the year. Mr Paul O'Reilly is a director of the Company and the majority shareholder.
11
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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