Viral VPS Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC426450 (Scotland)

Unaudited Financial Statements for the Year Ended 26 August 2020

for

Viral VPS Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Goodliffe

Mrs J Goodliffe

REGISTERED OFFICE:

Unit 6, Block 2 Hunting Park

Houston Industrial Estate

Livingston

West Lothian

EH54 5QS

REGISTERED NUMBER:

SC426450 (Scotland)

ACCOUNTANTS:

Helen Lowe Ltd

17-21 East Mayfield

Edinburgh

EH9 1SE

FIXED ASSETS

Tangible assets

4

235,000

235,000

CURRENT ASSETS

Stocks

522,385

492,027

Debtors

5

671,966

68,790

Cash at bank

100,502

479,271

1,294,853

1,040,088

CREDITORS

Amounts falling due within one year

6

124,419

163,815

NET CURRENT ASSETS

1,170,434

876,273

TOTAL ASSETS LESS CURRENT LIABILITIES

1,405,434

1,111,273

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,405,433

1,111,272

SHAREHOLDERS' FUNDS

1,405,434

1,111,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 August 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2020 and were signed on its behalf by:

M Goodliffe - Director

1.	STATUTORY INFORMATION

Viral VPS 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.

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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 27 August 2019

and 26 August 2020

235,000

NET BOOK VALUE

At 26 August 2020

235,000

At 26 August 2019

235,000

The current market value of the property is considered to remain the same as the cost value of £235,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.8.20

26.8.19

£

£

Trade debtors

31,999

66,978

Other debtors

639,967

1,812

671,966

68,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.8.20

26.8.19

£

£

Trade creditors

9,746

16,475

Taxation and social security

88,403

137,211

Other creditors

26,270

10,129

124,419

163,815

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 26 August 2020 and 26 August 2019:

26.8.20

26.8.19

£

£

M Goodliffe

Balance outstanding at start of year

387

26,814

Amounts advanced

39,780

-

Amounts repaid

-

(26,427

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,167

387

8.	RELATED PARTY DISCLOSURES