Something Visual Limited
Something Visual Limited
Company Registration No. 05979697 (England and Wales)
Page
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Directors
Secretary
Company Number
Registered Office
Accountants
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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 2021
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 2021 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 29 June 2021. 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 profit 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.
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2021
2020
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Provisions for liabilities
Deferred tax
(5,115 )
(6,816 )
Net assets
Capital and reserves
Called up share capital
Profit and loss account
Shareholders' funds
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2022 and were signed on its behalf by
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1
Statutory information
2
Compliance with accounting standards
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
Presentation currency
Tangible fixed assets and depreciation
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
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 2020
At 31 October 2021
Depreciation
At 1 November 2020
Charge for the year
At 31 October 2021
Net book value
At 31 October 2021
At 31 October 2020
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5
Debtors: amounts falling due within one year
2021
2020
£
£
VAT
Trade debtors
6
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
VAT
Trade creditors
Taxes and social security
Loans from directors
7
Average number of employees
During the year the average number of employees was 2 (2020: 2 ).
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