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REGISTERED NUMBER: 03296585 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

VIRTUOSO SYSTEMS LIMITED

VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 December 2023










Page

Company Information 1

Report of the Accountants 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


VIRTUOSO SYSTEMS LIMITED

Company Information
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mr C W Ring
Miss A J Savage





SECRETARY: Miss A J Savage





REGISTERED OFFICE: 74 Oak Hill Crescent
Woodford Green
Essex
IG8 9PN





REGISTERED NUMBER: 03296585 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

VIRTUOSO SYSTEMS LIMITED

Report of the Accountants to the Directors of
VIRTUOSO SYSTEMS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP


Date: .............................................

VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 421

CURRENT ASSETS
Debtors 6 24,443 1,570
Cash at bank 92,897 110,553
117,340 112,123
CREDITORS
Amounts falling due within one year (7,806 ) 307
NET CURRENT ASSETS 109,534 112,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,534

112,851

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 109,434 112,751
SHAREHOLDERS' FUNDS 109,534 112,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mr C W Ring - Director


VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

VIRTUOSO SYSTEMS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 7,818
DEPRECIATION
At 1 January 2023 7,397
Charge for year 421
At 31 December 2023 7,818
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 421

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Trade debtors 1 1

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. PENSION COMMITMENTS

31/12/2023 - £3,000
31/12/2022 - £3,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr C W Ring
Balance outstanding at start of year 422 (158 )
Amounts advanced 9,381 892
Amounts repaid (2,799 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,004 422

VIRTUOSO SYSTEMS LIMITED (REGISTERED NUMBER: 03296585)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss A J Savage
Balance outstanding at start of year (828 ) (797 )
Amounts advanced 4,550 12,955
Amounts repaid (9,100 ) (12,986 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,378 ) (828 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C W Ring.