Registration number: 03142140

Vixsoft Systems Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Vixsoft Systems Limited

(Registration number: 03142140)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	37,880	43,023
Current assets
Stocks	5	2,400	2,400
Debtors	6	113,769	129,740
Cash at bank and in hand		98,391	108,175
		214,560	240,315
Creditors: Amounts falling due within one year	7	(156,344)	(165,403)
Net current assets		58,216	74,912
Total assets less current liabilities		96,096	117,935
Creditors: Amounts falling due after more than one year	7	(2,027)	(6,798)
Provisions for liabilities		(8,386)	(9,603)
Net assets		85,683	101,534
Capital and reserves
Called up share capital	8	543	543
Capital redemption reserve		457	457
Retained earnings		84,683	100,534
Shareholders' funds		85,683	101,534

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:
 

......................................... G Bradshaw Director

......................................... V Bradshaw Director

Vixsoft Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18/20 Brighowgate
Grimsby
North East Lincolnshire
DN32 0QX

These financial statements were authorised for issue by the Board on 8 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The accounts cover Vixsoft Systems Limited as an individual entity, the company does not form part of a group.

The accounts are prepared in pounds sterling and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Vixsoft Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	10% per annum on a reducing balance basis
Motor vehicles	25% per annum on a straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Vixsoft Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2025 - 8).

Vixsoft Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	74,418	26,333	100,751
Additions	5,118	-	5,118
At 31 March 2026	79,536	26,333	105,869
Depreciation
At 1 April 2025	40,722	17,006	57,728
Charge for the year	3,677	6,584	10,261
At 31 March 2026	44,399	23,590	67,989
Carrying amount
At 31 March 2026	35,137	2,743	37,880
At 31 March 2025	33,696	9,327	43,023

5

Stocks

	2026 £	2025 £
Other inventories	2,400	2,400

6

Debtors

Current	2026 £	2025 £
Trade debtors	94,423	110,587
Prepayments	19,346	19,073
Other debtors	-	80
	113,769	129,740

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	4,772	4,486
Trade creditors		5,995	6,902
Taxation and social security		28,856	30,020
Accruals and deferred income		115,546	123,759
Other creditors		1,175	236
		156,344	165,403

Vixsoft Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	2,027	6,798

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A shares of £1 each	299	299	299	299
Ordinary B shares of £1 each	244	244	244	244
	543	543	543	543

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	4,772	4,486

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £15,128 (2025 - £31,835).

11	Related party transactions

Transactions with Directors

2026	At 1 April 2025 £	Advances to Director £	Repayments by Director £	At 31 March 2026 £
Director's loan account - interest charged at HMRC official rates	-	6,407	(6,407)	-

2025	At 1 April 2024 £	Advances to Director £	Repayments by Director £	At 31 March 2025 £
Director's loan account - interest charged at HMRC official rates	-	17,246	(17,246)	-