Company Registration No. SC456515 (Scotland)
Virtual Learning Academy Limited
Unaudited accounts
for the year ended 31 March 2025
Virtual Learning Academy Limited
Unaudited accounts
Contents
Virtual Learning Academy Limited
Company Information
for the year ended 31 March 2025
Director
Catherine Sutherland
Company Number
SC456515 (Scotland)
Registered Office
Westbrook House
Alness
Ross-shire
IV17 0XE
Scotland
Accountants
Kerry Mackinnon
Signature Accounting Solutions Ltd
93 Suilven Way
Inverness
Highland
IV3 8PE
Virtual Learning Academy Limited
Statement of financial position
as at 31 March 2025
Called up share capital not paid
(100)
(100)
Intangible assets
6,150
6,750
Tangible assets
6,331
21,751
Cash at bank and in hand
38,629
41,150
Creditors: amounts falling due within one year
(49,857)
(22,855)
Net current assets
12,596
41,217
Total assets less current liabilities
24,977
69,618
Creditors: amounts falling due after more than one year
(2,863)
(36,311)
Provisions for liabilities
Profit and loss account
22,656
33,849
Shareholders' funds
22,656
33,849
For the year ending 31 March 2025 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 17 August 2025 and were signed on its behalf by
Catherine Sutherland
Director
Company Registration No. SC456515
Virtual Learning Academy Limited
Notes to the Accounts
for the year ended 31 March 2025
Virtual Learning Academy Limited is a private company, limited by shares, registered in Scotland, registration number SC456515. The registered office is Westbrook House, Alness, Ross-shire, IV17 0XE, Scotland.
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.
The accounts are presented in £ sterling.
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:
Other tangible fixed assets
20%
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets are amortised over 5 years.
4
Intangible fixed assets
Other
Virtual Learning Academy Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
5,000
34,012
12,959
7,893
59,864
Additions
-
-
-
1,566
1,566
Disposals
-
(34,012)
-
-
(34,012)
At 31 March 2025
5,000
-
12,959
9,459
27,418
At 1 April 2024
4,000
20,406
9,162
4,545
38,113
Charge for the year
1,000
-
759
1,621
3,380
On disposals
-
(20,406)
-
-
(20,406)
At 31 March 2025
5,000
-
9,921
6,166
21,087
At 31 March 2025
-
-
3,038
3,293
6,331
At 31 March 2024
1,000
13,606
3,797
3,348
21,751
Amounts falling due within one year
Trade debtors
16,752
7,202
Accrued income and prepayments
7,072
92
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,451
8,329
Obligations under finance leases and hire purchase contracts
-
5,484
Trade creditors
14,813
3,249
Taxes and social security
18,507
3,183
Loans from directors
339
-
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
21,765
Virtual Learning Academy Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.
10
Average number of employees
During the year the average number of employees was 7 (2024: 9).