Visicover limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07968371 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Visicover limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Houlberg

R B Bevan

A N Purslow

S J Goddard

REGISTERED OFFICE:

21 Heronscourt

Lightwater

Surrey

GU18 5SW

REGISTERED NUMBER:

07968371 (England and Wales)

ACCOUNTANTS:

Sumner & Moore Limited

The Studio

377 - 399 London Road

Camberley

Surrey

GU15 3HL

FIXED ASSETS

Tangible assets

4

2,806

1,479

Investments

5

6,026

-

8,832

1,479

CURRENT ASSETS

Debtors

6

154,986

44,067

Cash at bank

336,998

290,972

491,984

335,039

CREDITORS

Amounts falling due within one year

7

22,203

134,515

NET CURRENT ASSETS

469,781

200,524

TOTAL ASSETS LESS CURRENT LIABILITIES

478,613

202,003

CREDITORS

Amounts falling due after more than one year

8

400,000

400,000

NET ASSETS/(LIABILITIES)

78,613

(197,997

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

68,613

(207,997

)

78,613

(197,997

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2019 and were signed on its behalf by:

Mr J Houlberg - Director

1.	STATUTORY INFORMATION

Visicover 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.

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, excluding discounts, rebates,

value added tax and other sales taxes.

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 and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

10,833

Additions

2,422

At 31 December 2018

13,255

DEPRECIATION

At 1 January 2018

9,354

Charge for year

1,095

At 31 December 2018

10,449

NET BOOK VALUE

At 31 December 2018

2,806

At 31 December 2017

1,479

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

6,026

At 31 December 2018

6,026

NET BOOK VALUE

At 31 December 2018

6,026

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

37,668

40,186

Other debtors

117,318

3,881

154,986

44,067

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

9,552

132,850

Taxation and social security

10,071

105

Other creditors

2,580

1,560

22,203

134,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Other creditors

400,000

400,000