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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
Page
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Virtual Financial Controller Limited Company Information for the year ended 31 January 2023
Director
Kevin Gibbons
Company Number
13131809 (England and Wales)
Registered Office
11 SUSSEX AVENUE HAROLD WOOD ROMFORD RM3 0TA ENGLAND
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Virtual Financial Controller Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
12,000 
Tangible assets
5,136 
4,237 
17,136 
16,237 
Current assets
Debtors
3,366 
212 
Cash at bank and in hand
5,955 
4,151 
9,321 
4,363 
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)
Net assets
7,253 
2,797 
Capital and reserves
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
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Virtual Financial Controller Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2022
12,000 
At 31 January 2023
12,000 
Amortisation
At 1 February 2022
- 
At 31 January 2023
- 
Net book value
At 31 January 2023
12,000 
At 31 January 2022
12,000 
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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 
Additions
- 
- 
2,308 
2,308 
Disposals
- 
- 
(100)
(100)
At 31 January 2023
1,749 
320 
4,960 
7,029 
Depreciation
At 1 February 2022
229 
39 
316 
584 
Charge for the year
250 
68 
1,024 
1,342 
On disposals
- 
- 
(33)
(33)
At 31 January 2023
479 
107 
1,307 
1,893 
Net book value
At 31 January 2023
1,270 
213 
3,653 
5,136 
At 31 January 2022
1,520 
281 
2,436 
4,237 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Computer equipment
3,006 
1,484 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,366 
212 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,439 
1,107 
Obligations under finance leases and hire purchase contracts
1,888 
1,144 
Trade creditors
150 
1,991 
Taxes and social security
1,856 
671 
Other creditors
412 
1,002 
Deferred income
6,759 
4,852 
13,504 
10,767 
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).
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