Vira Trading Ltd

Vira Trading Ltd from Sutton UK: a small, active company founded just one year ago, operates from a virtual address, and is led by two directors and a solo founder. The company, which meets two of three conditions to be considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), is engaged in the retail sale via mail order houses or via internet.

The company’s website, while not fully detailed, suggests a focus on online retail. It’s not clear if it’s a fully-fledged e-commerce platform or simply a marketing presence for the business, but the description points towards a retail operation.

Financially, Vira Trading Ltd presents a mixed picture. While the company has £120 in equity, it’s also carrying £2700 in creditors and £2100 in loans from directors. Cash on hand sits at a modest £2900. The accounts are described as “filleted,” meaning they’re simplified and exempt from a full audit, and were prepared using Taxfiler software. The company’s small size means it doesn’t require an audit, and the figures are unaudited.

The sharp decline in equity and reliance on loans suggests the company might be burning through cash, although it’s difficult to say for sure without more detailed financial information. The fact that the accounts are “filleted” and unaudited means the numbers should be viewed with caution. The company’s status as a solo-founded operation could mean the director is juggling many roles, which could impact the business.

Registered in England/Wales under the registration number 14816652, with a registered address at SM3 8JR, England, Sutton, 513 London Road, Cheam.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.