Mutual Vision Technologies Limited in Wilmslow, SK9 1BJ

Description

Data updated on: 01-11-2023

Mutual Vision Technologies Limited has been on the local market for twenty four years. Started with Registered No. 04088165 in 2000, the company is registered at Unit 7, Wilmslow SK9 1BJ. It is recognized as Mutual Vision Technologies Limited. Moreover this firm also operated as Inhoco 2158 up till the name was replaced 23 years ago. This company's SIC code is 62020 which stands for Information technology consultancy activities. Mutual Vision Technologies Ltd released its latest accounts for the financial period up to 2022-12-31. The company's latest annual confirmation statement was submitted on 2023-10-11.

In order to be able to match the demands of their customers, this particular business is permanently being controlled by a group of five directors who are, to mention just a few, Timothy B., Michael F. and Stephen M.. Their outstanding services have been of crucial importance to the following business since 2023. To help the directors in their tasks, this business has been utilizing the skills of Katrina H. as a secretary for the last one year.

Previous company's names
Mutual Vision Technologies Limited 2001-01-08
Inhoco 2158 Limited 2000-10-11

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	2 785 389	1 953 005	2 126 144	4 115 756
Current Assets	2 952 877	3 777 166	5 094 322	6 372 127
Debtors	167 488	1 824 161	2 968 178	2 256 371
Net Assets Liabilities	1 655 722	1 647 002	1 751 968	1 788 101
Other Debtors	57	10 631
Property Plant Equipment	100 524	47 684	98 398	114 640

Other Financial Data
Accrued Liabilities Deferred Income			3 639 586	4 980 498
Accumulated Amortisation Impairment Intangible Assets	4 204 935	4 745 920	4 795 157	5 319 386
Accumulated Depreciation Impairment Property Plant Equipment	716 799	773 326	386 916	357 288
Additions Other Than Through Business Combinations Intangible Assets				634 902
Additions Other Than Through Business Combinations Property Plant Equipment		3 687	81 730	59 323
Administrative Expenses			3 537 565	4 433 674
Amortisation Expense Intangible Assets			520 687	524 229
Amortisation Impairment Expense Intangible Assets			784 626
Average Number Employees During Period		43	52	68
Balances Amounts Owed To Related Parties			361 666	468 119
Cash Cash Equivalents Cash Flow Value		1 953 005	2 126 144	4 115 756
Comprehensive Income Expense			121 370	45 247
Corporation Tax Payable		-54
Cost Sales			399 710	563 191
Creditors	660 016	956 657	16 404	25 519
Deferred Income		2 739 756	3 639 586	4 980 498
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period				-790
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			88 677	-50 865
Depreciation Expense Property Plant Equipment			30 828	43 016
Depreciation Impairment Expense Property Plant Equipment			30 828	43 016
Equity Settled Share-based Payments Increase Decrease In Equity			-16 404	-9 114
Fixed Assets			1 832 083	1 958 998
Further Item Tax Increase Decrease Component Adjusting Items			53 038	-12 208
Future Minimum Lease Payments Under Non-cancellable Operating Leases	465 204	410 954	341 497	272 040
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			1 144 017
Gross Profit Loss	-1 666 923	-1 733 685	3 737 104	4 231 917
Impairment Loss Intangible Assets			263 939
Income From Related Parties	1 392 534	1 102 556	1 319 063	1 719 601
Income Taxes Paid Refund Classified As Operating Activities				183 885
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-173 139	-1 989 612
Increase Decrease In Current Tax From Adjustment For Prior Periods				-183 885
Increase From Amortisation Charge For Year Intangible Assets		540 985	520 687	524 229
Increase From Depreciation Charge For Year Property Plant Equipment		56 527	30 828	43 016
Increase From Impairment Loss Recognised In Profit Or Loss Intangible Assets			263 939
Intangible Assets	1 674 644	1 666 923	1 733 685	1 844 358
Intangible Assets Gross Cost	5 879 579	6 412 843	6 528 842	7 163 744
Interest Income On Bank Deposits			5 258	6 388
Interest Received Classified As Investing Activities			-5 258	-6 388
Issue Equity Instruments		982 579
Net Current Assets Liabilities	2 292 861	2 820 509	3 817 910	5 031 290
Number Equity Instruments Granted Share-based Payment Arrangement			13 970
Number Equity Instruments Outstanding Share-based Payment Arrangement			13 970	10 866
Operating Profit Loss			204 789	-195 891
Other Creditors	2 296 266	2 739 756	299 159	12 048
Other Disposals Decrease In Amortisation Impairment Intangible Assets			735 389
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			417 238	72 644
Other Disposals Intangible Assets			735 389
Other Disposals Property Plant Equipment			417 426	72 709
Other Interest Receivable Similar Income Finance Income			5 258	6 388
Other Operating Income Format1			5 250	5 866
Other Provisions Balance Sheet Subtotal			25 000	30 000
Other Taxation Social Security Payable	458 842	557 864	742 731	1 007 311
Pension Other Post-employment Benefit Costs Other Pension Costs			100 345	145 011
Prepayments Accrued Income	89 027	77 149	175 229	169 069
Proceeds From Sales Property Plant Equipment			-188	-65
Profit Loss			121 370	45 247
Profit Loss On Ordinary Activities Before Tax			210 047	-189 503
Property Plant Equipment Gross Cost	817 323	821 010	485 314	471 928
Provisions	116 041	148 358	242 035
Provisions For Liabilities Balance Sheet Subtotal	116 041	148 358	242 035
Purchase Intangible Assets			-851 388	-634 902
Purchase Property Plant Equipment			-81 730	-59 323
Research Development Expense Recognised In Profit Or Loss			-851 388	-634 902
Social Security Costs			260 509	337 713
Staff Costs Employee Benefits Expense			2 578 300	3 422 089
Taxation Including Deferred Taxation Balance Sheet Subtotal	101 041	128 358	217 035	166 170
Tax Expense Credit Applicable Tax Rate			39 909	-36 006
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit				-183 885
Tax Increase Decrease From Effect Capital Allowances Depreciation			-4 562	-2 703
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			292	842
Tax Tax Credit On Profit Or Loss On Ordinary Activities			88 677	-234 750
Total Assets Less Current Liabilities	4 068 029	4 535 116	5 649 993	6 990 288
Total Operating Lease Payments			67 153	67 153
Trade Creditors Trade Payables	86 810	89 791	234 522	174 429
Trade Debtors Trade Receivables	78 404	1 736 381	2 792 949	2 087 302
Turnover Revenue			4 136 814	4 795 108
Wages Salaries			2 217 446	2 939 365
Weighted Average Exercise Price Equity Instruments Expired Share-based Payment Arrangement				1
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement			1
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement			1	1
Director Remuneration				476 423