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REGISTERED NUMBER: 06185788 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Virtual Alliance Limited

Virtual Alliance Limited (Registered number: 06185788)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Virtual Alliance Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S Abercrombie
O F McGovern
C Beecham





REGISTERED OFFICE: Unit 25, Bankside
Stationfields
Kidlington
Oxford
Oxfordshire
OX5 1JE





REGISTERED NUMBER: 06185788 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Virtual Alliance Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Virtual Alliance Limited for the year ended 31 August 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Virtual Alliance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Virtual Alliance Limited and state those matters that we have agreed to state to the Board of Directors of Virtual Alliance Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Virtual Alliance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Virtual Alliance Limited. You consider that Virtual Alliance 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 financial statements of Virtual Alliance 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 financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Virtual Alliance Limited (Registered number: 06185788)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,667 44,113

CURRENT ASSETS
Debtors 5 439,946 203,948
Cash at bank 1,465,945 2,150,676
1,905,891 2,354,624
CREDITORS
Amounts falling due within one year 6 (247,738 ) (366,858 )
NET CURRENT ASSETS 1,658,153 1,987,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,698,820

2,031,879

CREDITORS
Amounts falling due after more than
one year

7

(67,850

)

(74,514

)

PROVISIONS FOR LIABILITIES (10,166 ) (7,872 )
NET ASSETS 1,620,804 1,949,493

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 1,616,804 1,945,493
1,620,804 1,949,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Virtual Alliance Limited (Registered number: 06185788)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





C Beecham - Director


Virtual Alliance Limited (Registered number: 06185788)

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

1. STATUTORY INFORMATION

Virtual Alliance 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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

Current 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.

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 107 (2022 - 107 ) .

Virtual Alliance Limited (Registered number: 06185788)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 163,172
Additions 10,698
At 31 August 2023 173,870
DEPRECIATION
At 1 September 2022 119,059
Charge for year 14,144
At 31 August 2023 133,203
NET BOOK VALUE
At 31 August 2023 40,667
At 31 August 2022 44,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 365,096 153,367
Other debtors 74,850 50,581
439,946 203,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 32,693 60,385
Trade creditors 105,591 102,641
Taxation and social security 104,088 193,764
Other creditors 5,366 10,068
247,738 366,858

Virtual Alliance Limited (Registered number: 06185788)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans 49,517 74,514
Other creditors 18,333 -
67,850 74,514

8. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Oxford Virtual Education Group Limited. The directors of Oxford Virtual Education Group Limited remain the ultimate controlling party.