Company Registration No. 10287043 (England and Wales)
Visualytes Limited
Unaudited accounts
for the year ended 31 March 2022
Visualytes Limited
Unaudited accounts
Contents
Visualytes Limited
Company Information
for the year ended 31 March 2022
Director
Mr Nagendra Mishra
Company Number
10287043 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
GREATER LONDON
WC2H 9JQ
UNITED KINGDOM
Visualytes Limited
Accountants' report
Accountants' report to the director of Visualytes Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Visualytes Limited for the year ended
31 March 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Visualytes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Visualytes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Visualytes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Visualytes 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 Visualytes Limited. You consider that Visualytes 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 Visualytes 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.
Visualytes Limited
Statement of financial position
as at
31 March 2022
Tangible assets
180,244
219,525
Cash at bank and in hand
(60,781)
42,895
Creditors: amounts falling due within one year
(104,583)
(2,673)
Net current (liabilities)/assets
(79,820)
73,582
Total assets less current liabilities
100,424
293,107
Creditors: amounts falling due after more than one year
-
(613)
Net assets
100,424
292,494
Called up share capital
120
120
Capital contribution reserve
120
-
Profit and loss account
100,184
292,374
Shareholders' funds
100,424
292,494
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 28 September 2022 and were signed on its behalf by
Mr Nagendra Mishra
Director
Company Registration No. 10287043
Visualytes Limited
Notes to the Accounts
for the year ended 31 March 2022
Visualytes Limited is a private company, limited by shares, registered in England and Wales, registration number 10287043. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Other tangible fixed assets
20%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
245,347
10,544
5,726
261,617
Additions
-
-
1,400
1,400
At 31 March 2022
245,347
10,544
7,126
263,017
At 1 April 2021
36,379
4,854
859
42,092
Charge for the year
36,379
2,743
1,559
40,681
At 31 March 2022
72,758
7,597
2,418
82,773
At 31 March 2022
172,589
2,947
4,708
180,244
At 31 March 2021
208,968
5,690
4,867
219,525
Visualytes Limited
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Trade debtors
(787)
33,336
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
166,062
1,010
Taxes and social security
(24,237)
5,709
Other creditors
(78,729)
-
Loans from directors
3,196
(9,040)
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).