2023-01-012023-12-312023-12-31false11281212VIRTUOSOS HOLDING 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VIRTUOSOS HOLDING LTD

Registered Number
11281212
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

VIRTUOSOS HOLDING LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

MARKO, Nicholas Zoltan
PELLER, Mariann

Company Secretary

PELLER, Mariann

Registered Address

Memery Crystal, 165 Fleet Street
London
EC4A 2DY

Registered Number

11281212 (England and Wales)
VIRTUOSOS HOLDING LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3473,264552,141
Tangible assets4282,713211,500
Investments5183,69782,020
939,674845,661
Current assets
Debtors955,3581,141,101
Cash at bank and on hand3,73827,646
959,0961,168,747
Creditors amounts falling due within one year(605,211)(710,256)
Net current assets (liabilities)353,885458,491
Total assets less current liabilities1,293,5591,304,152
Creditors amounts falling due after one year(52,571)-
Net assets1,240,9881,304,152
Capital and reserves
Called up share capital14,93014,930
Share premium1,502,5801,572,754
Profit and loss account(276,522)(283,532)
Shareholders' funds1,240,9881,304,152
The financial statements were approved and authorised for issue by the Board of Directors on 24 October 2024, and are signed on its behalf by:
PELLER, Mariann
Director
Registered Company No. 11281212
VIRTUOSOS HOLDING LTD
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are amortized in equal annual instalments over the estimated economic life.
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:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year01
3.Intangible assets

Total

£
Cost or valuation
At 01 January 23788,773
At 31 December 23788,773
Amortisation and impairment
At 01 January 23236,632
Charge for year78,877
At 31 December 23315,509
Net book value
At 31 December 23473,264
At 31 December 22552,141
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 23216,000
Additions139,126
At 31 December 23355,126
Depreciation and impairment
At 01 January 234,500
Charge for year67,913
At 31 December 2372,413
Net book value
At 31 December 23282,713
At 31 December 22211,500
5.Fixed asset investments

Total

£
Cost or valuation
At 01 January 2382,020
Additions101,677
At 31 December 23183,697
Net book value
At 31 December 23183,697
At 31 December 2282,020