Company Registration No. 08229683 (England and Wales)
Virdi Enterprises Limited
Unaudited accounts
for the year ended 31 March 2024
Virdi Enterprises Limited
Unaudited accounts
Contents
Virdi Enterprises Limited
Company Information
for the year ended 31 March 2024
Company Number
08229683 (England and Wales)
Registered Office
14 Wesley Drive
Egham
Surrey
TW20 9JB
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Virdi Enterprises Limited
Statement of financial position
as at 31 March 2024
Intangible assets
758
1,258
Tangible assets
103,813
118,616
Cash at bank and in hand
(3,356)
2,898
Creditors: amounts falling due within one year
(181,356)
(236,930)
Net current assets
40,513
60,601
Total assets less current liabilities
145,084
180,475
Creditors: amounts falling due after more than one year
(70,773)
(122,221)
Called up share capital
1
1
Profit and loss account
74,310
58,253
Shareholders' funds
74,311
58,254
For the year ending 31 March 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 24 March 2025 and were signed on its behalf by
Mrs A Virdi
Director
Company Registration No. 08229683
Virdi Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2024
Virdi Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 08229683. The registered office is 14 Wesley Drive, Egham, Surrey, TW20 9JB, 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.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
4% Reducing Balance
Plant & machinery
10% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 Enterprises Limited
Notes to the Accounts
for the year ended 31 March 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 accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
3,310
57,452
232,706
1,561
295,029
Additions
-
7,078
5,512
-
12,590
At 31 March 2024
3,310
64,530
238,218
1,561
307,619
At 1 April 2023
930
31,807
143,286
390
176,413
Charge for the year
95
3,272
23,733
293
27,393
At 31 March 2024
1,025
35,079
167,019
683
203,806
At 31 March 2024
2,285
29,451
71,199
878
103,813
At 31 March 2023
2,380
25,645
89,420
1,171
118,616
Virdi Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
46,848
122,805
Amounts due from group undertakings etc.
162,098
155,161
Accrued income and prepayments
6,029
5,667
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,667
48,954
Trade creditors
13,291
13,345
Taxes and social security
4,874
1,593
Other creditors
19,423
305
Loans from directors
79,752
152,547
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 16 (2023: 12).