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Company Registration No. 05326232 (England and Wales)
INNOVATION VISUAL LTD. Unaudited accounts for the year ended 31 December 2025
INNOVATION VISUAL LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INNOVATION VISUAL LTD. Company Information for the year ended 31 December 2025
Directors
Joanna Julia Anne Butler Timothy Richard Butler Peter Ridsdale hibbard Clotilde Véronique Watson
Company Number
05326232 (England and Wales)
Registered Office
Innovation Visual Ash House Shackleford Road, Elstead Godalming Surrey GU8 6LB England
Accountants
SM Accounts Ltd Unit 47H Passfield Business Centre Lynchborough Road Passfield GU30 7SB
- 3 -
INNOVATION VISUAL LTD. Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,645
6,435
Current assets
Debtors
5
203,837
175,951
Cash at bank and in hand
144,293
137,151
348,130
313,102
Creditors: amounts falling due within one year
6
(135,284)
(118,427)
Net current assets
212,846
194,675
Total assets less current liabilities
223,491
201,110
Creditors: amounts falling due after more than one year
7
-
(9,897)
Provisions for liabilities
Deferred tax
8
(1,145)
(46)
Net assets
222,346
191,167
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
222,344
191,165
Shareholders' funds
222,346
191,167
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by
Timothy Richard Butler Director Company Registration No. 05326232
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INNOVATION VISUAL LTD. Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
INNOVATION VISUAL LTD. is a private company, limited by shares, registered in England and Wales, registration number 05326232. The registered office is Innovation Visual, Ash House, Shackleford Road, Elstead, Godalming, Surrey, GU8 6LB, England.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
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INNOVATION VISUAL LTD. Notes to the Accounts for the year ended 31 December 2025
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
6,250
41,300
1,218
34,349
83,117
Additions
-
-
2,500
3,038
5,538
At 31 December 2025
6,250
41,300
3,718
37,387
88,655
Depreciation
At 1 January 2025
-
41,300
1,201
34,181
76,682
Charge for the year
-
-
430
898
1,328
At 31 December 2025
-
41,300
1,631
35,079
78,010
Net book value
At 31 December 2025
6,250
-
2,087
2,308
10,645
At 31 December 2024
6,250
-
17
168
6,435
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
175,688
165,341
Amounts due from group undertakings etc.
2,918
-
Accrued income and prepayments
11,169
10,610
Other debtors
14,062
-
203,837
175,951
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
17,896
21,952
VAT
39,939
31,078
Trade creditors
10,353
17,690
Taxes and social security
48,930
30,793
Other creditors
-
7,205
Loans from directors
-
82
Accruals
16,228
9,627
Deferred income
1,938
-
135,284
118,427
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INNOVATION VISUAL LTD. Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
4,139
Other creditors
-
5,758
-
9,897
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
1,145
46
2025
2024
£
£
Provision at start of year
46
-
Charged to the profit and loss account
1,099
46
Provision at end of year
1,145
46
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Timothy Richard Butler
LOAN
-
14,063
-
14,063
-
14,063
-
14,063
The loan has been repaid on 09.01.2026
11
Transactions with related parties
During the year the company paid dividends totalling £ 64200 to its directors/shareholders: T R Butler £28,100 and J J A Butler £28,100 and parent undertaking £8,000.
12
Controlling party
The immediate parent undertaking is Panovus Group Ltd, a company incorporated in England and Wales (Company number 16487244) jointly owned by Mrs Joanna Julia Anne Butler and Mr Timothy Richard Butler
13
Average number of employees
During the year the average number of employees was 21 (2024: 21).
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