VIRTUE INSIGHT EVENTS LTD

Company Registration Number:
09036096 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

VIRTUE INSIGHT EVENTS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

VIRTUE INSIGHT EVENTS LTD

Company Information

for the Period Ended 31 May 2023




Director: Piyush Kumar R. Patel
Fen Castro Rajan
Registered office: Flat 3
86 Coombe Road
Croydon
England
CR0 5RA
Company Registration Number: 09036096 (England and Wales)

VIRTUE INSIGHT EVENTS LTD

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 991
Total fixed assets: 991
Current assets
Debtors: 5 949 10,086
Cash at bank and in hand: 28,469 52,364
Total current assets: 29,418 62,450
Creditors: amounts falling due within one year: 6 ( 20,010 ) ( 45,446 )
Net current assets (liabilities): 9,408 17,004
Total assets less current liabilities: 10,399 17,004
Total net assets (liabilities): 10,399 17,004

The notes form part of these financial statements

VIRTUE INSIGHT EVENTS LTD

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 10,389 16,994
Shareholders funds: 10,399 17,004

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 13 April 2024
And Signed On Behalf Of The Board By:

Name: Piyush Kumar R. Patel
Status: Director

The notes form part of these financial statements

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

    Tangible fixed assets depreciation policy

    All fixed assets are recorded at cost less any provision for impairment. Depreciation is computed to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset as follows:

    Computer equipment - 33% straight line

    Other accounting policies

    Taxation and Deferred Taxation: Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 June 2022 2,609 2,609
Additions 1,081 1,081
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2023 3,690 3,690
Depreciation
At 01 June 2022 2,609 2,609
Charge for year 90 90
On disposals - -
Other adjustments - -
At 31 May 2023 2,699 2,699
Net book value
At 31 May 2023 991 991
At 31 May 2022 0 0

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors


2023
£

2022
£
Trade debtors 9,308
Other debtors 949 778
Total 949 10,086

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 1,145
Other creditors 20,010 44,301
Total 20,010 45,446