Company Registration No. 13136452 (England and Wales)
Virdi Aesthetics Ltd
Unaudited accounts
for the year ended 31 January 2024
Virdi Aesthetics Ltd
Unaudited accounts
Contents
Virdi Aesthetics Ltd
Company Information
for the year ended 31 January 2024
Company Number
13136452 (England and Wales)
Registered Office
77a Richmond Road
Twickenham
Middlesex
TW1 3AW
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Virdi Aesthetics Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
21,027
11,514
Cash at bank and in hand
28,225
20,423
Creditors: amounts falling due within one year
(22,944)
(31,213)
Net current assets/(liabilities)
5,281
(4,766)
Total assets less current liabilities
26,308
6,748
Creditors: amounts falling due after more than one year
(1,250)
(6,250)
Called up share capital
2
2
Profit and loss account
25,056
496
Shareholders' funds
25,058
498
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
Pavan Virdi
Director
Company Registration No. 13136452
Virdi Aesthetics Ltd
Notes to the Accounts
for the year ended 31 January 2024
Virdi Aesthetics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13136452. The registered office is 77a Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Virdi Aesthetics Ltd
Notes to the Accounts
for the year ended 31 January 2024
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
-
19,450
777
20,227
Additions
16,948
-
-
16,948
At 31 January 2024
16,948
19,450
777
37,175
At 1 February 2023
-
8,558
155
8,713
Charge for the year
3,390
3,890
155
7,435
At 31 January 2024
3,390
12,448
310
16,148
At 31 January 2024
13,558
7,002
467
21,027
At 31 January 2023
-
10,892
622
11,514
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Taxes and social security
10,480
-
Loans from directors
904
24,140
Virdi Aesthetics Ltd
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).