VIRTUE INSIGHT EVENTS LTD

Company Registration Number:
09036096 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

VIRTUE INSIGHT EVENTS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

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 2024




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 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 631 991
Total fixed assets: 631 991
Current assets
Debtors: 5 309 949
Cash at bank and in hand: 19,190 28,469
Total current assets: 19,499 29,418
Creditors: amounts falling due within one year: 6 ( 11,143 ) ( 20,010 )
Net current assets (liabilities): 8,356 9,408
Total assets less current liabilities: 8,987 10,399
Total net assets (liabilities): 8,987 10,399

The notes form part of these financial statements

VIRTUE INSIGHT EVENTS LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 8,977 10,389
Shareholders funds: 8,987 10,399

For the year ending 31 May 2024 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 19 August 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 2024

  • 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 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 June 2023 3,690 3,690
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2024 3,690 3,690
Depreciation
At 01 June 2023 2,699 2,699
Charge for year 360 360
On disposals - -
Other adjustments - -
At 31 May 2024 3,059 3,059
Net book value
At 31 May 2024 631 631
At 31 May 2023 991 991

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors


2024
£

2023
£
Other debtors 309 949
Total 309 949

VIRTUE INSIGHT EVENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 81 0
Other creditors 11,062 20,010
Total 11,143 20,010