Company No: 07913968 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	2,457		1,945
		2,457		1,945
Current assets
Debtors	4	167,908		204,913
Cash at bank and in hand		14,974		104,914
		182,882		309,827
Creditors: amounts falling due within one year	5	( 74,082)		( 95,119)
Net current assets		108,800		214,708
Total assets less current liabilities		111,257		216,653
Creditors: amounts falling due after more than one year	6	( 33,601)		0
Provision for liabilities	7	( 452)		0
Net assets		77,204		216,653
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		77,104		216,553
Total shareholders' funds		77,204		216,653

For the financial year ending 31 January 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Visionise Limited (registered number: 07913968) were approved and authorised for issue by the Board of Directors on 23 October 2026. They were signed on its behalf by:

R N M Iles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Visionise Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 167-169 Great Portland St 5th Floor, London, W1W 5PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the reporting date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the reporting date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets is 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 fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 February 2025	17,456		17,456
Additions	1,885		1,885
At 31 January 2026	19,341		19,341
Accumulated depreciation
At 01 February 2025	15,511		15,511
Charge for the financial year	1,373		1,373
At 31 January 2026	16,884		16,884
Net book value
At 31 January 2026	2,457		2,457
At 31 January 2025	1,945		1,945

4. Debtors

	2026		2025
	£		£
Trade debtors	90,683		9,900
Amounts owed by directors	77,225		177,329
Prepayments	0		11,461
VAT recoverable	0		6,223
	167,908		204,913

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	6,399		5,185
Trade creditors	14,525		0
Accruals	3,400		4,260
Taxation and social security	48,746		84,626
Other creditors	1,012		1,048
	74,082		95,119

The company's bank loan facility is secured by a personal guarantee provided by a director.

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	33,601		0

The company's bank loan facility is secured by a personal guarantee provided by a director.

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	0		0
Charged to the Statement of Income and Retained Earnings	( 452)		0
At the end of financial year	( 452)		0

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 452)		0

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
70 A Ordinary shares of £ 1.00 each	70		70
30 B Ordinary shares of £ 1.00 each	30		30
	100		100

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed by the Directors	77,225		177,329

Interest was charged on this loan at the HMRC official rate of 2.25% until 5 April 2025 and then increased to 3.75% for the remainder of the year. There are no fixed terms of repayment.