2023-01-012023-12-312023-12-31false10260065VIRTUTE SOLUTIONS 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VIRTUTE SOLUTIONS LIMITED

Registered Number
10260065
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

VIRTUTE SOLUTIONS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

WALSH, Christopher Stephen
WALSH, Laura
YAXLEY, Jennifer Mary

Registered Address

Unit 10, Homelands Commercial Centre Vale Road
Bishops Cleeve
Cheltenham
GL52 8PX

Registered Number

10260065 (England and Wales)
VIRTUTE SOLUTIONS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets354205
54205
Current assets
Debtors44,6022,582
Cash at bank and on hand6,59246,098
11,19448,680
Creditors amounts falling due within one year5(42)(20,152)
Net current assets (liabilities)11,15228,528
Total assets less current liabilities11,20628,733
Net assets11,20628,733
Capital and reserves
Called up share capital100100
Profit and loss account11,10628,633
Shareholders' funds11,20628,733
The financial statements were approved and authorised for issue by the Board of Directors on 6 March 2024, and are signed on its behalf by:
WALSH, Laura
Director
Registered Company No. 10260065
VIRTUTE SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 232,3282,328
At 31 December 232,3282,328
Depreciation and impairment
At 01 January 232,1232,123
Charge for year151151
At 31 December 232,2742,274
Net book value
At 31 December 235454
At 31 December 22205205
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-1,500
Other debtors4,5851,048
Prepayments and accrued income1734
Total4,6022,582
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4141
Taxation and social security-20,081
Other creditors130
Total4220,152
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.