Invirtual Ltd
Unaudited accounts
Contents
Invirtual Ltd
Company Information
for the period from 9 September 2022 to 30 September 2023
Company Number
14348006 (England and Wales)
Registered Office
69 Eden Street
Cambridge
CB1 1EL
Accountants
TFA Accountants Limited
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ
Invirtual Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
21,942
Creditors: amounts falling due within one year
(25,645)
Total assets less current liabilities
23,526
Provisions for liabilities
Profit and loss account
21,904
Shareholders' funds
22,478
For the period ending 30 September 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 3 September 2024 and were signed on its behalf by
K Gora
Director
Company Registration No. 14348006
Invirtual Ltd
Notes to the Accounts
for the period from 9 September 2022 to 30 September 2023
Invirtual Ltd is a private company, limited by shares, registered in England and Wales, registration number 14348006. The registered office is 69 Eden Street, Cambridge, CB1 1EL.
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.
These financial statements for the period from 9 September 2022 to 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 9 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at their revalued amount at the end of the year
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:
Plant & machinery
3 year straight line
Computer equipment
3 year straight line
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Intangible fixed assets
Total
At 30 September 2023
13,792
At 30 September 2023
13,792
Invirtual Ltd
Notes to the Accounts
for the period from 9 September 2022 to 30 September 2023
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Tangible fixed assets
Total
At 30 September 2023
6,804
Charge for the period
1,564
At 30 September 2023
1,564
At 30 September 2023
5,240
Accelerated capital allowances
1,048
Charged to the profit and loss account
1,048
Provision at end of period
1,048
7
Transactions with related parties
The director charged the company rent of £312.
The director also made an interest free loan to the company of £5,586. The director reserves the right to charge the company interest at any stage.
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Average number of employees
During the period the average number of employees was 1.