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

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

VISICOVER LTD - Company Information

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REGISTERED NUMBER: 07968371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Visicover limited
Visicover limited (Registered number: 07968371)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Visicover limited


Company Information
for the Year Ended 31 December 2020







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
Page 1
Visicover limited (Registered number: 07968371)


Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,357 2,771
Investments 5 12,026 12,026
13,383 14,797

CURRENT ASSETS
Debtors 6 174,459 169,995
Cash at bank 233,415 230,030
407,874 400,025
CREDITORS
Amounts falling due within one year 7 30,562 34,423
NET CURRENT ASSETS 377,312 365,602
TOTAL ASSETS LESS CURRENT
LIABILITIES
390,695
380,399

CREDITORS
Amounts falling due after more than one
year
8
320,000
360,000
NET ASSETS 70,695 20,399

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 60,695 10,399
70,695 20,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 2 continued...
Visicover limited (Registered number: 07968371)


Balance Sheet - continued
31 December 2020


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 and authorised for issue on 11 May 2021 and were signed on its behalf by:





Mr J Houlberg - Director


The notes form part of these financial statements

Page 3
Visicover limited (Registered number: 07968371)


Notes to the Financial Statements
for the Year Ended 31 December 2020

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.

Page 4 continued...
Visicover limited (Registered number: 07968371)


Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 14,669
DEPRECIATION
At 1 January 2020 11,898
Charge for year 1,414
At 31 December 2020 13,312
NET BOOK VALUE
At 31 December 2020 1,357
At 31 December 2019 2,771

5. FIXED ASSET INVESTMENTS

31.12.20 31.12.19
£    £   
Shares in group undertakings 6,026 6,026
Loans to group undertakings 6,000 6,000
12,026 12,026

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 6,026
NET BOOK VALUE
At 31 December 2020 6,026
At 31 December 2019 6,026

Page 5 continued...
Visicover limited (Registered number: 07968371)


Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

5. FIXED ASSET INVESTMENTS - continued
Loans to
group
undertakings
£   
At 1 January 2020
and 31 December 2020 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 43,260 37,309
Other debtors 131,199 132,686
174,459 169,995

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 10,517 15,686
Taxation and social security 17,741 16,517
Other creditors 2,304 2,220
30,562 34,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Other creditors 320,000 360,000

Page 6