IRIS Accounts Production v23.1.5.20 12700360 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure127003602022-03-31127003602023-03-31127003602022-04-012023-03-31127003602021-03-31127003602021-04-012022-03-31127003602022-03-3112700360ns16:EnglandWales2022-04-012023-03-3112700360ns15:PoundSterling2022-04-012023-03-3112700360ns11:Director12022-04-012023-03-3112700360ns11:Director22022-04-012023-03-3112700360ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112700360ns11:SmallEntities2022-04-012023-03-3112700360ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112700360ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112700360ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112700360ns11:FullAccounts2022-04-012023-03-3112700360ns11:Director32022-04-012023-03-3112700360ns11:Director42022-04-012023-03-3112700360ns11:CompanySecretary12022-04-012023-03-3112700360ns11:RegisteredOffice2022-04-012023-03-3112700360ns6:CurrentFinancialInstruments2023-03-3112700360ns6:CurrentFinancialInstruments2022-03-3112700360ns6:ShareCapital2023-03-3112700360ns6:ShareCapital2022-03-3112700360ns6:SharePremium2023-03-3112700360ns6:SharePremium2022-03-3112700360ns6:RetainedEarningsAccumulatedLosses2023-03-3112700360ns6:RetainedEarningsAccumulatedLosses2022-03-3112700360ns6:LandBuildings2022-03-3112700360ns6:PlantMachinery2022-03-3112700360ns6:LandBuildings2022-04-012023-03-3112700360ns6:PlantMachinery2022-04-012023-03-3112700360ns6:LandBuildings2023-03-3112700360ns6:PlantMachinery2023-03-3112700360ns6:LandBuildings2022-03-3112700360ns6:PlantMachinery2022-03-3112700360ns6:CostValuation2022-03-3112700360ns6:AdditionsToInvestments2023-03-3112700360ns6:CostValuation2023-03-3112700360ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112700360ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 12700360 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Virus Shield Biosciences Limited

Virus Shield Biosciences Limited (Registered number: 12700360)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Virus Shield Biosciences Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J Shaw
C A Shaw
R Edwards
DF Haller JR





SECRETARY: Mrs J Shaw





REGISTERED OFFICE: Unit 7a
New Rock Industrial Estate
Chilcompton
Radstock
Somerset
BA3 4JE





REGISTERED NUMBER: 12700360 (England and Wales)





ACCOUNTANTS: Edward Howells Associates Limited
Chartered Certified Accountants
20a High Street
Glastonbury
Somerset
BA6 9DU

Virus Shield Biosciences Limited (Registered number: 12700360)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,638 47,803
Investments 5 3 1
58,641 47,804

CURRENT ASSETS
Stocks 189,796 9,591
Debtors 6 768,167 215,895
Cash at bank and in hand 72,089 223,363
1,030,052 448,849
CREDITORS
Amounts falling due within one year 7 303,828 40,607
NET CURRENT ASSETS 726,224 408,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,865

456,046

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,685,453 793,055
Retained earnings (900,688 ) (337,109 )
784,865 456,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Virus Shield Biosciences Limited (Registered number: 12700360)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




Mrs J Shaw - Director



C A Shaw - Director


Virus Shield Biosciences Limited (Registered number: 12700360)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Virus Shield Biosciences Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

Virus Shield Biosciences Limited (Registered number: 12700360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 29,164 23,710 52,874
Additions - 25,939 25,939
At 31 March 2023 29,164 49,649 78,813
DEPRECIATION
At 1 April 2022 1,073 3,998 5,071
Charge for year 5,832 9,272 15,104
At 31 March 2023 6,905 13,270 20,175
NET BOOK VALUE
At 31 March 2023 22,259 36,379 58,638
At 31 March 2022 28,091 19,712 47,803

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 1
Additions 2
At 31 March 2023 3
NET BOOK VALUE
At 31 March 2023 3
At 31 March 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 7,016 2,482
Amounts owed by group undertakings 666,501 126,724
Other debtors 94,650 86,689
768,167 215,895

Virus Shield Biosciences Limited (Registered number: 12700360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 345 -
Trade creditors 15,329 11,107
Taxation and social security 6,135 6,197
Other creditors 282,019 23,303
303,828 40,607