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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
Page
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Virdi Enterprises Limited Company Information for the year ended 31 March 2024
Director
Mrs A Virdi
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
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Virdi Enterprises Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
758 
1,258 
Tangible assets
103,813 
118,616 
104,571 
119,874 
Current assets
Inventories
10,250 
11,000 
Debtors
214,975 
283,633 
Cash at bank and in hand
(3,356)
2,898 
221,869 
297,531 
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)
Net assets
74,311 
58,254 
Capital and reserves
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
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Virdi Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
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
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.
Financial instruments
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.
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Virdi Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
Taxation
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.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
5,000 
At 31 March 2024
5,000 
Amortisation
At 1 April 2023
3,742 
Charge for the year
500 
At 31 March 2024
4,242 
Net book value
At 31 March 2024
758 
At 31 March 2023
1,258 
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 
Depreciation
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 
Net book value
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 
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Virdi Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
214,975 
283,633 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,667 
48,954 
VAT
12,074 
9,842 
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 
Accruals
25,275 
10,344 
181,356 
236,930 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
70,773 
122,221 
9
Average number of employees
During the year the average number of employees was 16 (2023: 12).
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