Company Number: 12659531

Analysis Date: 2025-07-20 12:21 UTC

1. Credit Opinion: APPROVE
   Computer Vision Systems Ltd demonstrates a stable micro-entity financial profile with positive net assets and no current liabilities, indicating an ability to meet short-term obligations. The absence of debt and a consistent increase in net assets over recent years reflects prudent financial management. The company’s sector (business and domestic software development) typically has low capital intensity, supporting resilience. Given the positive working capital position and no overdue filings, the credit risk is low, justifying approval for moderate credit facilities.

2. Financial Strength:
   The company has shown steady growth in net assets from £0 in 2020 to £9,001 in 2024, driven primarily by increases in prepayments and accrued income rather than fixed assets. Current liabilities remain nil, which strengthens the balance sheet and reduces financial risk. Shareholders’ funds equal net assets at £9,001, indicating no external debt and full equity backing. The micro-entity status and limited asset base are typical for a small software developer but warrant monitoring as the company scales.

3. Cash Flow Assessment:
   Net current assets of £9,000 as of June 2024 suggest adequate short-term liquidity. The absence of creditors due within one year reduces liquidity pressure. However, the balance sheet shows cash equivalents and receivables combined as prepayments and accrued income, which may include non-cash items; detailed cash flow statements would provide further clarity. The company employs 2 staff, controlling overheads and supporting working capital adequacy. Overall, liquidity appears sufficient to service operating expenses and potential credit lines.

4. Monitoring Points:

• Track growth in current assets and net current assets to ensure continued liquidity improvement.
• Monitor any increase in liabilities that could strain working capital.
• Review turnover and profitability trends once available to assess operational performance.
• Watch for changes in director or ownership structure that may affect governance or risk profile.
• Ensure timely filing of accounts and returns to avoid compliance risks.