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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
Page
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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
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Virtual Learning Academy Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Called up share capital not paid
(100)
(100)
Fixed assets
Intangible assets
6,150 
6,750 
Tangible assets
6,331 
21,751 
12,481 
28,501 
Current assets
Debtors
23,824 
22,922 
Cash at bank and in hand
38,629 
41,150 
62,453 
64,072 
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
Other provisions
542 
542 
Net assets
22,656 
33,849 
Capital and reserves
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
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Virtual Learning Academy Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
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.
Presentation currency
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:
Fixtures & fittings
20%
Computer equipment
33%
Other tangible fixed assets
20%
Pension costs
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
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 
£ 
Cost
At 1 April 2024
7,350 
At 31 March 2025
7,350 
Amortisation
At 1 April 2024
600 
Charge for the year
600 
At 31 March 2025
1,200 
Net book value
At 31 March 2025
6,150 
At 31 March 2024
6,750 
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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 
Depreciation
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 
Net book value
At 31 March 2025
- 
- 
3,038 
3,293 
6,331 
At 31 March 2024
1,000 
13,606 
3,797 
3,348 
21,751 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,337 
Trade debtors
16,752 
7,202 
Accrued income and prepayments
7,072 
92 
Other debtors
- 
13,291 
23,824 
22,922 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
11,451 
8,329 
VAT
3,247 
- 
Obligations under finance leases and hire purchase contracts
- 
5,484 
Trade creditors
14,813 
3,249 
Taxes and social security
18,507 
3,183 
Other creditors
- 
2,610 
Loans from directors
339 
- 
Accruals
1,500 
- 
49,857 
22,855 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,863 
14,546 
Obligations under finance leases and hire purchase contracts
- 
21,765 
2,863 
36,311 
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Virtual Learning Academy Limited Notes to the Accounts for the year ended 31 March 2025
9
Pension commitments
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).
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