REGISTERED NUMBER: 10334690 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VIRGATE ACCOUNTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Travell

A Perumbala

REGISTERED OFFICE:

Olympus House Olympus Park

Quedgeley

Gloucester

GL2 4NF

REGISTERED NUMBER:

10334690 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

5,595

8,326

Tangible assets

5

58,160

52,574

63,755

60,900

CURRENT ASSETS

Debtors

6

75,682

79,323

Cash at bank

212,304

57,357

287,986

136,680

CREDITORS

Amounts falling due within one year

7

211,935

167,137

NET CURRENT ASSETS/(LIABILITIES)

76,051

(30,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

139,806

30,443

CREDITORS

Amounts falling due after more than one year

8

-

(30,778

)

PROVISIONS FOR LIABILITIES

(9,915

)

-

NET ASSETS/(LIABILITIES)

129,891

(335

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

5,385

5,385

Retained earnings

124,406

(5,820

)

SHAREHOLDERS' FUNDS

129,891

(335

)

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 Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

S Travell - Director

1.	STATUTORY INFORMATION

Virgate Accounts Ltd 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.

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.

The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The revenue is recognised in the period to which the service provided relates.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

13,652

AMORTISATION

At 1 April 2024

5,326

Charge for year

2,731

At 31 March 2025

8,057

NET BOOK VALUE

At 31 March 2025

5,595

At 31 March 2024

8,326

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

66,631

20,024

29,848

116,503

Additions

6,121

3,588

17,866

27,575

Disposals

(4,105

)

(6,019

)

(9,984

)

(20,108

)

At 31 March 2025

68,647

17,593

37,730

123,970

DEPRECIATION

At 1 April 2024

23,785

17,044

23,100

63,929

Charge for year

12,928

2,339

6,722

21,989

Eliminated on disposal

(4,105

)

(6,019

)

(9,984

)

(20,108

)

At 31 March 2025

32,608

13,364

19,838

65,810

NET BOOK VALUE

At 31 March 2025

36,039

4,229

17,892

58,160

At 31 March 2024

42,846

2,980

6,748

52,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

652

11,465

Other debtors

75,030

67,858

75,682

79,323

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

5,976

Trade creditors

34,734

45,446

Amounts owed to group undertakings

68,945

-

Taxation and social security

75,454

60,925

Other creditors

32,802

54,790

211,935

167,137

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

30,778

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,953

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

The prior year financial statements and therefore the corresponding figures, being the period ended 31 March 2024, were not audited.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

11.	LEASING AGREEMENTS

At the balance sheet date, the company had total commitments under non-cancellable operating leases of £195,895 (2024: £176,068).

12.	RELATED PARTY DISCLOSURES

The largest group for which consolidated accounts including the company are drawn up is Brilliance Technologies Inc. The registered office of Brilliance Technologies Inc is The Corporation Trust Company, Corporation Trust Center 1209 Orange St, Wilmington, New Castle, 19801 Delaware.

The smallest group for which consolidated accounts including the company are drawn up is Access Healthcare Services Private Limited. The registered office of Access Healthcare Services Private Limited is SP-31A, Kochar Technology Park, AMBIT IT Park Road, Ambattur Industrial Estate, Chennai, Tamil Nadu, 600058.