Something Visual Limited

Something Visual Limited

SOMETHING VISUAL LIMITED - Company Information

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1 November 2019 false No description of principal activity Taxfiler 2021.7 05979697business:PrivateLimitedCompanyLtd2019-11-012020-10-31 059796972019-10-31 059796972019-11-012020-10-31 05979697business:AuditExemptWithAccountantsReport2019-11-012020-10-31 05979697business:FullAccounts2019-11-012020-10-31 059796972020-10-31 05979697business:Director12019-11-012020-10-31 05979697business:Director22019-11-012020-10-31 05979697business:CompanySecretary12019-11-012020-10-31 05979697business:RegisteredOffice2019-11-012020-10-31 059796972019-10-31 05979697core:WithinOneYear2020-10-31 05979697core:WithinOneYear2019-10-31 05979697core:ShareCapital2020-10-31 05979697core:ShareCapital2019-10-31 05979697core:RetainedEarningsAccumulatedLosses2020-10-31 05979697core:RetainedEarningsAccumulatedLosses2019-10-31 05979697business:SmallEntities2019-11-012020-10-31 05979697countries:EnglandWales2019-11-012020-10-31 05979697core:PlantMachinery2019-11-012020-10-31 05979697core:MotorVehicles2019-11-012020-10-31 05979697core:FurnitureFittings2019-11-012020-10-31 05979697core:ComputerEquipment2019-11-012020-10-31 05979697core:PlantMachinery2019-10-31 05979697core:MotorVehicles2019-10-31 05979697core:FurnitureFittings2019-10-31 05979697core:ComputerEquipment2019-10-31 05979697core:PlantMachinery2020-10-31 05979697core:MotorVehicles2020-10-31 05979697core:FurnitureFittings2020-10-31 05979697core:ComputerEquipment2020-10-31 05979697business:Director122019-11-012020-10-31 05979697business:Director122019-10-31 05979697business:Director122020-10-31 05979697business:Director212019-11-012020-10-31 05979697business:Director212019-10-31 05979697business:Director212020-10-31 059796972018-11-012019-10-31 iso4217:GBP xbrli:pure
Company Registration No. 05979697 (England and Wales)
Something Visual Limited Unaudited accounts for the year ended 31 October 2020
Something Visual Limited Unaudited accounts Contents
Page
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Something Visual Limited Company Information for the year ended 31 October 2020
Directors
Mrs Kerry Lorraine West Mr Nicholas Alan West
Secretary
Howell & Co (Leicester) Ltd
Company Number
05979697 (England and Wales)
Registered Office
1 Bitteswell Road Lutterworth Leicestershire LE17 4EL
Accountants
Howell & Co (Leicester) 1 Bitteswell Road Lutterworth Leics LE17 4EL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Something Visual Limited for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Something Visual Limited for the year ended 31 October 2020 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Something Visual Limited, as a body, in accordance with the terms of our engagement letter dated 24 June 2013. Our work has been undertaken solely to prepare for your approval the accounts of Something Visual Limited and state those matters that we have agreed to state to the Board of Directors of Something Visual Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Something Visual Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Something Visual Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Something Visual Limited. You consider that Something Visual Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Something Visual Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Howell & Co (Leicester) Chartered Certified Accountants 1 Bitteswell Road Lutterworth Leics LE17 4EL 23 June 2021
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Something Visual Limited Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
35,872 
41,068 
Current assets
Debtors
5
3,571 
16,181 
Cash at bank and in hand
116,234 
99,163 
119,805 
115,344 
Creditors: amounts falling due within one year
6
(41,904)
(24,951)
Net current assets
77,901 
90,393 
Total assets less current liabilities
113,773 
131,461 
Provisions for liabilities
Deferred tax
(6,816)
(7,770)
Net assets
106,957 
123,691 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
106,955 
123,689 
Shareholders' funds
106,957 
123,691 
For the year ending 31 October 2020 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 23 June 2021 and were signed on its behalf by
Mr Nicholas Alan West Director Company Registration No. 05979697
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Something Visual Limited Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
Something Visual Limited is a private company, limited by shares, registered in England and Wales, registration number 05979697. The registered office is 1 Bitteswell Road, Lutterworth, Leicestershire, LE17 4EL.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2019
26,336 
31,912 
580 
14,480 
73,308 
Additions
4,525 
- 
- 
2,204 
6,729 
At 31 October 2020
30,861 
31,912 
580 
16,684 
80,037 
Depreciation
At 1 November 2019
13,885 
7,978 
124 
10,253 
32,240 
Charge for the year
4,244 
5,983 
91 
1,607 
11,925 
At 31 October 2020
18,129 
13,961 
215 
11,860 
44,165 
Net book value
At 31 October 2020
12,732 
17,951 
365 
4,824 
35,872 
At 31 October 2019
12,451 
23,934 
456 
4,227 
41,068 
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Something Visual Limited Notes to the Accounts for the year ended 31 October 2020
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
628 
- 
Trade debtors
173 
16,181 
Other debtors
2,770 
- 
3,571 
16,181 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
28,000 
- 
Trade creditors
6,826 
8,260 
Taxes and social security
- 
9,245 
Loans from directors
7,078 
7,446 
41,904 
24,951 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs Kerry Lorraine West
Directors current account
(3,723)
184 
- 
(3,539)
Mr Nicholas Alan West
Directors current account
(3,723)
184 
- 
(3,539)
(7,446)
368 
- 
(7,078)
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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