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REGISTERED NUMBER: 13335971 (England and Wales)







Financial Statements for the Year Ended 31st July 2023

for

Viridian Associates Limited

Viridian Associates Limited (Registered number: 13335971)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Viridian Associates Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: I V Aglamaz
K A Rimell
A N B Vaughan
P J Corlass





REGISTERED OFFICE: Slip House
Princes Drive
Worcester
Worcesteshire
WR1 2AB





REGISTERED NUMBER: 13335971 (England and Wales)





AUDITORS: Richards Sandy Audit Services Limited
(Statutory Auditor)
Thorneloe House
25 Barbourne Road
Worcester
WR1 1RU

Viridian Associates Limited (Registered number: 13335971)

Abridged Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 554 871
Tangible assets 5 1,568 381
2,122 1,252

CURRENT ASSETS
Debtors 266,468 42,220
Cash at bank 80,134 17,197
346,602 59,417
CREDITORS
Amounts falling due within one year 278,311 47,111
NET CURRENT ASSETS 68,291 12,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,413

13,558

PROVISIONS FOR LIABILITIES 40 243
NET ASSETS 70,373 13,315

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 70,223 13,165
70,373 13,315

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1st December 2023 and were signed on its behalf by:




I V Aglamaz - Director K A Rimell - Director




A N B Vaughan - Director P J Corlass - Director


Viridian Associates Limited (Registered number: 13335971)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Viridian Associates 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account discounts and rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

COMPUTER SOFTWARE
Computer software is amorised over its useful life of 3 years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

FINANCIAL INSTRUMENTS
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Viridian Associates Limited (Registered number: 13335971)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022
and 31st July 2023 950
AMORTISATION
At 1st August 2022 79
Amortisation for year 317
At 31st July 2023 396
NET BOOK VALUE

At 31st July 2023 554
At 31st July 2022 871

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 416
Additions 1,987
At 31st July 2023 2,403
DEPRECIATION
At 1st August 2022 35
Charge for year 800
At 31st July 2023 835
NET BOOK VALUE
At 31st July 2023 1,568
At 31st July 2022 381

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Robert Iestyn Richards FCCA (Senior Statutory Auditor)
for and on behalf of Richards Sandy Audit Services Limited

Viridian Associates Limited (Registered number: 13335971)

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

7. ULTIMATE PARENT COMPANY

The registered office address of the parent company Vantis Group Limited is Slip House, Princes Drive, Waterside, Worcester, Worcestershire, WR1 2AB.