Company Registration No. 13131809 (England and Wales)
Virtual Financial Controller Limited
Unaudited accounts
for the year ended 31 January 2023
Virtual Financial Controller Limited
Unaudited accounts
Contents
Virtual Financial Controller Limited
Company Information
for the year ended 31 January 2023
Company Number
13131809 (England and Wales)
Registered Office
11 SUSSEX AVENUE
HAROLD WOOD
ROMFORD
RM3 0TA
ENGLAND
Virtual Financial Controller Limited
Statement of financial position
as at 31 January 2023
Intangible assets
12,000
12,000
Tangible assets
5,136
4,237
Cash at bank and in hand
5,955
4,151
Creditors: amounts falling due within one year
(13,504)
(10,767)
Net current liabilities
(4,183)
(6,404)
Total assets less current liabilities
12,953
9,833
Creditors: amounts falling due after more than one year
(5,700)
(7,036)
Called up share capital
100
100
Profit and loss account
7,153
2,697
Shareholders' funds
7,253
2,797
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Kevin Gibbons
Director
Company Registration No. 13131809
Virtual Financial Controller Limited
Notes to the Accounts
for the year ended 31 January 2023
Virtual Financial Controller Limited is a private company, limited by shares, registered in England and Wales, registration number 13131809. The registered office is 11 SUSSEX AVENUE, HAROLD WOOD, ROMFORD, RM3 0TA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover from the rendering of services is recognised by reference to the stage of completion of the work.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Virtual Financial Controller Limited
Notes to the Accounts
for the year ended 31 January 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
1,749
320
2,752
4,821
At 31 January 2023
1,749
320
4,960
7,029
At 1 February 2022
229
39
316
584
Charge for the year
250
68
1,024
1,342
At 31 January 2023
479
107
1,307
1,893
At 31 January 2023
1,270
213
3,653
5,136
At 31 January 2022
1,520
281
2,436
4,237
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Computer equipment
3,006
1,484
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,888
1,144
Taxes and social security
1,856
671
Deferred income
6,759
4,852
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,700
7,036
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).