| Alvius Ltd |
| Registered number: |
08721054 |
| Balance Sheet |
| as at 31 July 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
595,350 |
|
|
595,350 |
|
| Current assets |
| Debtors |
4 |
|
91,748 |
|
|
36,023 |
| Cash at bank and in hand |
|
|
200,074 |
|
|
125,954 |
|
|
|
291,822 |
|
|
161,977 |
|
| Creditors: amounts falling due within one year |
5 |
|
(175,812) |
|
|
(198,345) |
|
| Net current assets/(liabilities) |
|
|
|
116,010 |
|
|
(36,368) |
|
| Total assets less current liabilities |
|
|
|
711,360 |
|
|
558,982 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(448,000) |
|
|
- |
|
| Net assets |
|
|
|
263,360 |
|
|
558,982 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
6 |
|
|
6 |
| Share premium |
|
|
|
1,241,008 |
|
|
1,241,008 |
| Profit and loss account |
|
|
|
(977,654) |
|
|
(682,032) |
|
| Shareholders' funds |
|
|
|
263,360 |
|
|
558,982 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Mr. T J M Davenport |
| Director |
| Approved by the board on 9 October 2026 |
|
| Alvius Ltd |
| Notes to the Accounts |
| for the year ended 31 July 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Research and development |
|
Expenditure on research and development is written off in the year in which it is incurred. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
ATS/VMS: |
|
|
Cost |
|
At 1 August 2025 |
595,350 |
|
At 31 July 2026 |
595,350 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 July 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2026 |
595,350 |
|
At 31 July 2025 |
595,350 |
|
|
|
|
|
|
|
|
|
|
These are the cost of development and no amortisation is applied as the intangible asset will hold its value and is more likely to appreciate in future. When they cease to be commercially relevant, the assets will be written off. |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
87,543 |
|
30,341 |
|
Other debtors |
4,205 |
|
5,682 |
|
|
|
|
|
|
91,748 |
|
36,023 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
- |
|
1,050 |
|
Other taxes and social security costs |
18,963 |
|
19,332 |
|
Other creditors |
156,849 |
|
177,963 |
|
|
|
|
|
|
175,812 |
|
198,345 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Convertible loan |
448,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Alvius Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Hinksey Court |
|
Church Way |
|
Botley |
|
Oxfordshire |
|
OX2 9SX |