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REGISTERED NUMBER: 09389422















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Virgo Solicitors Limited

Virgo Solicitors Limited (Registered number: 09389422)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Virgo Solicitors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Dr A Nasralla - Taqi LLB (Hons) M.A.





REGISTERED OFFICE: Suite 21
Imperial House
64 Willoughby Lane
London
N17 0SP





REGISTERED NUMBER: 09389422





ACCOUNTANTS: Kam & Co
International Accountants
Lower Ground Floor
24 Conway Street
London
W1T 6BG

Virgo Solicitors Limited (Registered number: 09389422)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,200 16,800
Tangible assets 5 9,302 10,943
19,502 27,743

CURRENT ASSETS
Stocks 15,000 12,000
Debtors 6 40,501 54,104
Cash at bank and in hand 17,878 22,269
73,379 88,373
CREDITORS
Amounts falling due within one year 7 35,821 55,775
NET CURRENT ASSETS 37,558 32,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,060

60,341

CREDITORS
Amounts falling due after more than one year 8 7,750 9,909
NET ASSETS 49,310 50,432

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,210 50,332
SHAREHOLDERS' FUNDS 49,310 50,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Virgo Solicitors Limited (Registered number: 09389422)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 18 October 2024 and were signed by:





Dr A Nasralla - Taqi LLB (Hons) M.A. - Director


Virgo Solicitors Limited (Registered number: 09389422)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Virgo Solicitors Limited is a private company, limited by shares , registered in Not specified/Other. 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, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Virgo Solicitors Limited (Registered number: 09389422)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 66,000
AMORTISATION
At 1 February 2023 49,200
Charge for year 6,600
At 31 January 2024 55,800
NET BOOK VALUE
At 31 January 2024 10,200
At 31 January 2023 16,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 26,534
DEPRECIATION
At 1 February 2023 15,591
Charge for year 1,641
At 31 January 2024 17,232
NET BOOK VALUE
At 31 January 2024 9,302
At 31 January 2023 10,943

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 29,088 50,262
Other debtors 1,413 3,842
30,501 54,104

Virgo Solicitors Limited (Registered number: 09389422)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS - continued
31.1.24 31.1.23
£    £   
Amounts falling due after more than one year:
Other debtors 10,000 -

Aggregate amounts 40,501 54,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 3,928 12,632
Taxation and social security 22,259 18,617
Other creditors 9,634 24,526
35,821 55,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 7,750 9,909