Registered number
11802494
Virtus Creative Studios Ltd
Filleted Accounts
28 February 2022
Virtus Creative Studios Ltd
Registered number: 11802494
Balance Sheet
as at 28 February 2022
Notes 2022 2021
£ £
Current assets
Cash at bank and in hand 1,745 1,745
Creditors: amounts falling due within one year 3 (13,803) (12,459)
Net current liabilities (12,058) (10,714)
Net liabilities (12,058) (10,714)
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,059) (10,715)
Shareholder's funds (12,058) (10,714)
Average number of employees 1 -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Luke Anderton
Director
Approved by the board on 2 October 2023
Virtus Creative Studios Ltd
Notes to the Accounts
for the year ended 28 February 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 -
3 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 2,122 2,065
Other creditors 11,681 10,394
13,803 12,459
4 Other information
Virtus Creative Studios Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Moreland Avenue
Colnbrook
Slough
United Kingdom
SL3 0LL
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