REGISTERED NUMBER: SC373537 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2024 to 29 March 2025

for

Varius Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dean Cooper

Leone Gordon

REGISTERED OFFICE:

Camelot

Main Street

Killearn

STIRLINGSHIRE

G63 9RH

REGISTERED NUMBER:

SC373537 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Intangible assets

4

5,722

5,722

Tangible assets

5

78

202

5,800

5,924

CURRENT ASSETS

Debtors

6

111,042

81,053

Cash at bank

58,869

12,193

169,911

93,246

CREDITORS

Amounts falling due within one year

7

71,746

67,571

NET CURRENT ASSETS

98,165

25,675

TOTAL ASSETS LESS CURRENT LIABILITIES

103,965

31,599

CREDITORS

Amounts falling due after more than one year

8

-

(8,167

)

PROVISIONS FOR LIABILITIES

(16

)

(39

)

NET ASSETS

103,949

23,393

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

103,849

23,293

SHAREHOLDERS' FUNDS

103,949

23,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Dean Cooper - Director

1.	STATUTORY INFORMATION

Varius Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The company does not have any reliance on external funding for the day to day financing of business activities. The directors manage cash flow on a regular basis to ensure sufficient funds are available to meet commitments as they fall due . Having made the appropriate enquiries the directors are satisfied that this will continue to be the case over the next 12 months and beyond and as such has prepared the accounts on a going concern basis.

Turnover/revenue recognition

Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities.Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met.

Tangible fixed assets

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

Computer equipment

-

at varying rates on cost

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables

Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities

Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments

A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 29 March 2025

5,722

NET BOOK VALUE

At 29 March 2025

5,722

At 31 March 2024

5,722

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 29 March 2025

5,378

DEPRECIATION

At 1 April 2024

5,176

Charge for period

124

At 29 March 2025

5,300

NET BOOK VALUE

At 29 March 2025

78

At 31 March 2024

202

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,932

292

Amounts owed by related party

77,523

80,523

Other debtors

29,587

238

111,042

81,053

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,000

Taxation and social security

56,419

44,034

Other creditors

15,327

16,537

71,746

67,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

15,167

The bank loan is supported by a 100% guarantee from the UK Government.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 March 2025 and the year ended 31 March 2024:

2025

2024

£

£

Dean Cooper

Balance outstanding at start of period

-

-

Amounts advanced

108,568

-

Amounts repaid

(80,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

28,568

-

The overdrawn directors loan was repaid within 9 months of the year end.

11.	RELATED PARTY DISCLOSURES

A House 2 Home Ltd, is a company in which the directors own 100% of the issued share capital and is therefore a related party. At the year end, £77,523 (2024: £80,523) was due to Varius Ltd by A House 2 Home Ltd. This loan is unsecured, interest free and has no fixed repayment terms.

Directors' loan account

The company operates a loan account with the directors. At the year end, the balance owed to the company was £29,568 (2024: owed to the director £1,408). This loan was unsecured, interest free and has no fixed repayment terms.

12.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors Mr D Cooper and Miss L Gordon by virtue of their 100% shareholding in the company.