REGISTERED NUMBER: 02021470 (England and Wales)

VISACREM INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Maxwell

A J Maxwell

SECRETARY:

F Maxwell

REGISTERED OFFICE:

18 - 22 Birch Road East

Birmingham

B6 7DB

REGISTERED NUMBER:

02021470 (England and Wales)

ACCOUNTANTS:

Burrows Scarborough

Chartered Accountants

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

BANKERS:

National Westminster PLC

PO Box 301

24 Broadgate

Coventry

CV1 1ZZ

FIXED ASSETS

Tangible assets

4

955,008

963,333

CURRENT ASSETS

Stocks

2,105,160

2,174,932

Debtors

5

490,017

676,869

Cash at bank and in hand

840,702

701,331

3,435,879

3,553,132

CREDITORS

Amounts falling due within one year

6

2,454,678

2,586,246

NET CURRENT ASSETS

981,201

966,886

TOTAL ASSETS LESS CURRENT LIABILITIES

1,936,209

1,930,219

PROVISIONS FOR LIABILITIES

186,499

179,554

NET ASSETS

1,749,710

1,750,665

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

1,749,310

1,750,265

SHAREHOLDERS' FUNDS

1,749,710

1,750,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

A J Maxwell - Director

1.	STATUTORY INFORMATION

Visacrem International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of revenue are as follows:

Sale of goods

Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Sale of maintenance contracts and rendering of repairs and servicing

Revenue from sales of maintenance contracts is recognised on a straight-line basis over the term of the contract.

Revenue from repairs and servicing is recognised in the period in which the services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and Straight line over 25 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

3,068,926

Additions

145,089

Disposals

(36,078

)

At 31 March 2025

3,177,937

DEPRECIATION

At 1 April 2024

2,105,593

Charge for year

137,945

Eliminated on disposal

(20,609

)

At 31 March 2025

2,222,929

NET BOOK VALUE

At 31 March 2025

955,008

At 31 March 2024

963,333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

403,081

584,074

Other debtors

86,936

92,795

490,017

676,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Customer Payments on account

-

67,901

Trade creditors

201,923

347,120

Amounts owed to group undertakings

1,845,766

1,782,266

Taxation and social security

163,513

169,538

Other creditors

243,476

219,421

2,454,678

2,586,246

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

60,708

57,141

Between one and five years

162,798

173,127

In more than five years

175,250

210,300

398,756

440,568

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Other related parties

2025

2024

£

£

Rent

35,050

35,050

9.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Visacrem Holdings Limited a company registered in England and Wales. The registered office is unit 18-22 Birch Road East, Birmingham, B6 7DB. Copies of the group accounts can be obtained from Companies House, Cardiff.

There is no single ultimate controlling party.