IRIS Accounts Production v24.3.2.46 10904184 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109041842023-08-31109041842024-08-31109041842023-09-012024-08-31109041842022-08-31109041842022-09-012023-08-31109041842023-08-3110904184ns15:EnglandWales2023-09-012024-08-3110904184ns14:PoundSterling2023-09-012024-08-3110904184ns10:Director12023-09-012024-08-3110904184ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110904184ns10:SmallEntities2023-09-012024-08-3110904184ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110904184ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110904184ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110904184ns10:FullAccounts2023-09-012024-08-3110904184ns10:RegisteredOffice2023-09-012024-08-3110904184ns5:CurrentFinancialInstruments2024-08-3110904184ns5:CurrentFinancialInstruments2023-08-3110904184ns5:Non-currentFinancialInstruments2024-08-3110904184ns5:Non-currentFinancialInstruments2023-08-3110904184ns5:ShareCapital2024-08-3110904184ns5:ShareCapital2023-08-3110904184ns5:RetainedEarningsAccumulatedLosses2024-08-3110904184ns5:RetainedEarningsAccumulatedLosses2023-08-3110904184ns5:ComputerEquipment2023-09-012024-08-3110904184ns5:ComputerEquipment2023-08-3110904184ns5:ComputerEquipment2024-08-3110904184ns5:ComputerEquipment2023-08-3110904184ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3110904184ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31109041841ns10:Director12023-08-31109041841ns10:Director12022-08-31109041841ns10:Director12023-09-012024-08-31109041841ns10:Director12022-09-012023-08-31109041841ns10:Director12024-08-31109041841ns10:Director12023-08-31
REGISTERED NUMBER: 10904184 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

VIRAS LIMITED

VIRAS LIMITED (REGISTERED NUMBER: 10904184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIRAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: G Benning





REGISTERED OFFICE: 4th Floor Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 10904184 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
London
NW3 5JJ

VIRAS LIMITED (REGISTERED NUMBER: 10904184)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384 1,399

CURRENT ASSETS
Debtors 5 84,463 69,095
Cash at bank 2,942 16,619
87,405 85,714
CREDITORS
Amounts falling due within one year 6 51,252 65,145
NET CURRENT ASSETS 36,153 20,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,537

21,968

CREDITORS
Amounts falling due after more than one year 7 18,574 21,693
NET ASSETS 17,963 275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,863 175
17,963 275

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

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

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 20 January 2025 and were signed by:





G Benning - Director


VIRAS LIMITED (REGISTERED NUMBER: 10904184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Viras 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 3,074
DEPRECIATION
At 1 September 2023 1,675
Charge for year 1,015
At 31 August 2024 2,690
NET BOOK VALUE
At 31 August 2024 384
At 31 August 2023 1,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 4,060
Other debtors 84,463 65,035
84,463 69,095

VIRAS LIMITED (REGISTERED NUMBER: 10904184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 3,444 3,444
Trade creditors 2,328 12,790
Taxation and social security 44,880 34,583
Other creditors 600 14,328
51,252 65,145

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 18,574 21,693

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,797 7,916

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G Benning
Balance outstanding at start of year 58,825 22,294
Amounts advanced 84,779 81,952
Amounts repaid (59,141 ) (45,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,463 58,825

Included in the amount owed to the company by the director is interest charged at the official HM Revenue & Customs rate.

This balance arose as a result of amounts advanced and was repaid after the year end.

9. RELATED PARTY DISCLOSURES

Included in debtors due within one year is an amount of £nil (2023: £6,210) owed by connected companies.

These companies are connected by virtue of the director G Benning. Amounts outstanding arise by virtue of financing transactions. These amounts are unsecured, interest free and due within one year.