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REGISTERED NUMBER: 09515727 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

VIRIUM TECHNOLOGY LTD.

VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)






Contents of the Financial Statements
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIRIUM TECHNOLOGY LTD.

Company Information
for the year ended 31 DECEMBER 2023







DIRECTORS: K J Burrows
D J Stone





REGISTERED OFFICE: K1 Building
Kents Hill Business Park
Timbold Drive, Kents Hill
Milton Keynes
Buckinghamshire
MK7 6BZ





REGISTERED NUMBER: 09515727 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 347,107 254,334
Tangible assets 5 110,041 41,926
457,148 296,260

CURRENT ASSETS
Debtors 6 568,347 37,620
Cash at bank and in hand 219,744 306,028
788,091 343,648
CREDITORS
Amounts falling due within one year 7 432,200 120,841
NET CURRENT ASSETS 355,891 222,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,039

519,067

CREDITORS
Amounts falling due after more than one year 8 (15,000 ) (25,000 )

PROVISIONS FOR LIABILITIES (113,359 ) -
NET ASSETS 684,680 494,067

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 683,680 493,067
SHAREHOLDERS' FUNDS 684,680 494,067

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

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

VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Balance Sheet - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





K J Burrows - Director


VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Notes to the Financial Statements
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Virium Technology Ltd. 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.

Goodwill
Goodwill is the difference between fair value of consideration paid for an acquired entity and the aggregate of the fair value of that's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate

Goodwill 5 years
Website costs 5 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.


VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023 50,000 350,984 400,984
Additions - 205,136 205,136
Disposals - (2,252 ) (2,252 )
At 31 December 2023 50,000 553,868 603,868
AMORTISATION
At 1 January 2023 50,000 96,650 146,650
Charge for year - 110,774 110,774
Eliminated on disposal - (663 ) (663 )
At 31 December 2023 50,000 206,761 256,761
NET BOOK VALUE
At 31 December 2023 - 347,107 347,107
At 31 December 2022 - 254,334 254,334

VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 - 29,315 10,891
Additions 75,693 20,409 -
Disposals - (4,361 ) (10,891 )
At 31 December 2023 75,693 45,363 -
DEPRECIATION
At 1 January 2023 - 11,169 3,055
Charge for year 7,569 9,073 1,089
Eliminated on disposal - (4,506 ) (4,144 )
At 31 December 2023 7,569 15,736 -
NET BOOK VALUE
At 31 December 2023 68,124 29,627 -
At 31 December 2022 - 18,146 7,836

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 14,790 80,260 135,256
Additions - 1,450 97,552
Disposals - (78,855 ) (94,107 )
At 31 December 2023 14,790 2,855 138,701
DEPRECIATION
At 1 January 2023 616 78,490 93,330
Charge for year 3,698 571 22,000
Eliminated on disposal - (78,020 ) (86,670 )
At 31 December 2023 4,314 1,041 28,660
NET BOOK VALUE
At 31 December 2023 10,476 1,814 110,041
At 31 December 2022 14,174 1,770 41,926

VIRIUM TECHNOLOGY LTD. (REGISTERED NUMBER: 09515727)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 351,427 16,514
Other debtors 31,901 -
Interest owed 97,969 14,700
Prepayments 87,050 6,406
568,347 37,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,030
Trade creditors 272,762 15,627
Tax 6,361 -
Social security and other taxes 21,526 18,559
VAT 58,287 51,668
Other creditors 5,999 24,955
Directors' current accounts 2 2
Accrued expenses 57,263 -
432,200 120,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000