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VirtuAD Ltd
 
 
Company Registration Number
03703358
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2023
 
End date 31/03/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
VirtuAD Ltd
 
Contents of the Financial Statements
for the Period Ended 31 March 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
VirtuAD Ltd
Company Information
for the Period Ended 31 March 2024
 
Directors George Theodosiou
 
 
Registered office Flat D, Easton House
17 Wentworth Road
Aldeburgh
Suffolk, IP15 5BB
 
Company Registration Number 03703358
 
Accountants Name Hugh Williams
Address 20 Barra Close
Highworth
Wilts
SN6 7HX
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
VirtuAD Ltd
Directors Report
for the Period Ended 31 March 2024
The directors present their report with the financial statements of the company for the
period ended 31 March 2024
Principal activities
The principal activity of the company in the period under review was
Advertising and Design, although no sales were forthcoming during the year
Directors
The director(s) shown below have held office during the whole of the period
George Theodosiou
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-10-07
and signed on behalf of the board by
Name George Theodosiou
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
VirtuAD Ltd
 
Accountants' Report
for the Period Ended 31 March 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Hugh Williams
20 Barra Close
Highworth
Wilts
SN6 7HX
 
Date 2024-10-08
Page 5
VirtuAD Ltd
 
Profit and Loss Account
for the Period Ended 31 March 2024
2024 2,023
Notes £ £
 
Turnover 2 0 510
______ ______
Gross Profit/(Loss) 0 510
 
Administrative expenses 12,916 15,307
______ ______
Operating costs 12,916 15,307
 
______ ______
Operating Profit/(Loss) 3 (12,916) (14,797)
______ ______
Profit/(Loss) on ordinary activities before taxation (12,916) (14,797)
 
______ ______
Profit/(Loss) for the financial period after taxation (12,916) (14,797)
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
VirtuAD Ltd
Balance Sheet
for the Period Ended 31 March 2024
Company registration number 03703358
2024 2,023
Notes £ £
Current assets
Cash at bank and in hand 1,160 2,124
_______ _______
Total current assets/(liabilities) 1,160 2,124
Creditors
Creditors - amounts falling
due within one year 6 1,800 4,350
_______ _______
Net current assets (640) (2,226)
_______ _______
Total assets less current liabilities (640) (2,226)
_______ _______
Creditors - amounts falling
due after more than one year 7 75,102 60,600
_______ _______
Long term creditors 75,102 60,600
______ ______
Net assets/(liabilities) (75,742) (62,826)
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 9 (75,842) (62,926)
______ ______
Total shareholders funds (75,742) (62,826)
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
VirtuAD Ltd
 
Balance Sheet
for the Period Ended 31 March 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 March 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.
 
The financial statements were approved by the Board of Directors on 2024-10-07
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name George Theodosiou
 
The notes form part of these financial statements
Average number of employees during period 0
 
 
 
 
 
 
 
 
 
Page 8
VirtuAD Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
VirtuAD Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
2. Turnover 2024 2,023
£ £
United Kingdom 510
_ ___
Total 0 510
3. Operating profit/(loss) 2024 2,023
Profit before tax as stated after charging the following £ £
Accountants and audit fees 1,800 1,710
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
VirtuAD Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
4. Intangible fixed assets Other Total
Cost £ £
At 1 April 2023 28,888 28,888
_____ _____
At 31 March 2024 28,888 28,888
Amortisation
At 1 April 2023 28,888 28,888
_____ _____
At 31 March 2024 28,888 28,888
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
VirtuAD Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
5. Debtors 2024 2,023
_ _
Total
6. Creditors amounts falling due within one year 2024 2,023
Trade creditors 1,800 4,350
____ ____
Total 1,800 4,350
7. Creditors amounts falling due after more than one year 2024 2,023
Other creditors 75,102 60,600
_____ _____
Total 75,102 60,600
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
VirtuAD Ltd
Notes to the Financial Statements
for the Period Ended 31 March 2024
8. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1.00 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
100 100
___ ___
Total 100 100
9. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2023 (62,926)
Profit/(Loss) for year (12,916)
Dividends paid
______
Retained Profit/(Loss) at 31 March 2024 (75,842)
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13