Company Registration No. 01956275 (England and Wales)
Binary Vision Limited
Unaudited accounts
for the year ended 31 January 2026
Binary Vision Limited
Unaudited accounts
Contents
Binary Vision Limited
Company Information
for the year ended 31 January 2026
Directors
Paul Norris
Peter Bowater
Company Number
01956275 (England and Wales)
Registered Office
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Binary Vision Limited
Statement of financial position
as at 31 January 2026
Tangible assets
15,084
15,083
Cash at bank and in hand
583,389
623,859
Creditors: amounts falling due within one year
(318,388)
(280,926)
Net current assets
577,964
450,115
Net assets
593,048
465,198
Called up share capital
217
217
Profit and loss account
592,831
464,981
Shareholders' funds
593,048
465,198
For the 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. 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 30 October 2026 and were signed on its behalf by
Paul Norris
Director
Company Registration No. 01956275
Binary Vision Limited
Notes to the Accounts
for the year ended 31 January 2026
Binary Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 01956275. The registered office is Suite 1, 116 Ballards Lane, Finchley, London, N3 2DN, United Kingdom.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Fixtures & fittings
33% written down value
Computer equipment
33% written down value
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.
Expenditure on research and development is written off in the year in which it is incurred.
Binary Vision Limited
Notes to the Accounts
for the year ended 31 January 2026
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2025
43,805
56,606
100,411
At 31 January 2026
44,048
61,985
106,033
At 1 February 2025
43,702
41,626
85,328
Charge for the year
64
5,557
5,621
At 31 January 2026
43,766
47,183
90,949
At 31 January 2026
282
14,802
15,084
At 31 January 2025
103
14,980
15,083
Amounts falling due within one year
Trade debtors
311,149
84,353
Accrued income and prepayments
1,797
1,728
Amounts falling due after more than one year
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Creditors: amounts falling due within one year
2026
2025
Trade creditors
60,081
29,442
Taxes and social security
58,937
82,357
Proposed dividends
3,000
3,150
Other creditors
7,871
12,679
Loans from directors
843
1,276
Deferred income
97,364
93,098
Binary Vision Limited
Notes to the Accounts
for the year ended 31 January 2026
Allotted, called up and fully paid:
2,000,000 Ordinary shares of £0.0001 each
200.00
200.00
173,332 Growth shares of £0.0001 each
17.33
17.33
1 Ordinary C shares of £0.0001 each
-
-
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £63,681 (2025: £32,402).
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Transactions with related parties
During the year the director of Binary Vision Ltd withdrew £37,541 (2025: £38,000) from the company and loaned £108 (2025: £108) to the company. The Director was voted dividends to the value of £37,000 at the year-end. As at the balance sheet date Binary Vision Limited owed £843 (2025: £1,276) to the director Paul Norris.
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Average number of employees
During the year the average number of employees was 14 (2025: 11).