Company Registration No. 12320211 (England and Wales)
TORQUE VR LIMITED
Unaudited accounts
for the year ended 30 November 2023
TORQUE VR LIMITED
Unaudited accounts
Contents
TORQUE VR LIMITED
Company Information
for the year ended 30 November 2023
Company Number
12320211 (England and Wales)
Registered Office
31 Doveleys Road
Salford
Manchester
Lancashire
M6 7FQ
UNITED KINGDOM
Accountants
NMR Accountants Ltd
Aura Business Centres
412 Stretford Road
Hulme
Manchester
Lancashire
M15 4AE
TORQUE VR LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
3,122
4,039
Cash at bank and in hand
-
(296)
Creditors: amounts falling due within one year
(375)
(1,906)
Net current liabilities
(375)
(2,202)
Total assets less current liabilities
2,747
1,837
Creditors: amounts falling due after more than one year
(52,532)
(50,330)
Net liabilities
(49,785)
(48,493)
Called up share capital
1
1
Profit and loss account
(49,786)
(48,494)
Shareholders' funds
(49,785)
(48,493)
For the year ending 30 November 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 31 August 2024 and were signed on its behalf by
Zaim Abbas Naqvi
Director
Company Registration No. 12320211
TORQUE VR LIMITED
Notes to the Accounts
for the year ended 30 November 2023
TORQUE VR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12320211. The registered office is 31 Doveleys Road, Salford, Manchester, Lancashire, M6 7FQ, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
15% Straight Line
Computer equipment
25% Reducing
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
3,682
2,597
6,279
At 30 November 2023
3,682
2,597
6,279
At 1 December 2022
1,104
1,136
2,240
Charge for the year
552
365
917
At 30 November 2023
1,656
1,501
3,157
At 30 November 2023
2,026
1,096
3,122
At 30 November 2022
2,578
1,461
4,039
5
Creditors: amounts falling due within one year
2023
2022
TORQUE VR LIMITED
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).