COMPANY REGISTRATION NUMBER:
15835298
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Blackthread Technologies Limited (formerly Vizibl Ltd) |
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Filleted Unaudited Financial Statements |
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Blackthread Technologies Limited (formerly Vizibl Ltd) |
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Period from 12 July 2024 to 31 July 2025
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Statement of financial position |
1 |
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Notes to the financial statements |
3 |
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Blackthread Technologies Limited (formerly Vizibl Ltd) |
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Statement of Financial Position |
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31 July 2025
Fixed assets
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Intangible assets |
5 |
9,583 |
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Current assets
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Debtors |
6 |
10,792 |
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Cash at bank and in hand |
28,761 |
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-------- |
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39,553 |
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|
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Creditors: amounts falling due within one year |
7 |
142,772 |
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--------- |
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Net current liabilities |
103,219 |
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--------- |
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Total assets less current liabilities |
(
93,636) |
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-------- |
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Net liabilities |
(
93,636) |
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-------- |
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|
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Capital and reserves
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Called up share capital |
1,000 |
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Profit and loss account |
(
94,636) |
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-------- |
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Shareholders deficit |
(
93,636) |
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-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Blackthread Technologies Limited (formerly Vizibl Ltd) |
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Statement of Financial Position (continued) |
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31 July 2025
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2026
, and are signed on behalf of the board by:
Company registration number:
15835298
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Blackthread Technologies Limited (formerly Vizibl Ltd) |
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Notes to the Financial Statements |
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Period from 12 July 2024 to 31 July 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has confirmation of support from the director and parent company. For these reasons the director continues to adopt the going concern basis in preparing the company's financial information.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Intellectual Property |
- |
10% straight line |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Intangible assets
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Intellectual Property |
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£ |
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Cost |
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Additions |
10,000 |
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-------- |
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At 31 July 2025 |
10,000 |
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-------- |
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Amortisation |
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Charge for the period |
417 |
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-------- |
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At 31 July 2025 |
417 |
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-------- |
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Carrying amount |
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At 31 July 2025 |
9,583 |
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-------- |
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6.
Debtors
|
31 Jul 25 |
|
£ |
|
Other debtors |
10,792 |
|
-------- |
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7.
Creditors:
amounts falling due within one year
|
31 Jul 25 |
|
£ |
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Trade creditors |
22,377 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
67,350 |
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Social security and other taxes |
557 |
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Other creditors |
52,488 |
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--------- |
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142,772 |
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--------- |
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8.
Related party transactions
At the balance sheet date, the company owed the director £50,312. At the balance sheet date, the company owed £50,000 to its holding company. At the balance sheet date, the company owed £17,350 to a company under common control.
9.
Controlling party
Blackthread Technologies Limited is a wholly owned subsidiary of
Gower Ventures Ltd
, a company incorporated in England & Wales. The registered office of the Holding company is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN