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REGISTERED NUMBER: 12534758 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AO Virtual Ltd

AO Virtual Ltd (Registered number: 12534758)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AO Virtual Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S P Dalgarno
R Mehta





SECRETARY:





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 12534758 (England and Wales)





ACCOUNTANTS: M Ahmed & Co
Chartered Accountants
83 Park Road
Chilwell
Nottingham
NG9 4DE

AO Virtual Ltd (Registered number: 12534758)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 206,463 176,947
Cash at bank 99,529 -
305,992 176,947
CREDITORS
Amounts falling due within one year 5 134,615 84,516
NET CURRENT ASSETS 171,377 92,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,377

92,431

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 171,277 92,331
SHAREHOLDERS' FUNDS 171,377 92,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





S P Dalgarno - Director


AO Virtual Ltd (Registered number: 12534758)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

AO Virtual Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 203,139 176,317
Other debtors 3,324 630
206,463 176,947

AO Virtual Ltd (Registered number: 12534758)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 78,067 61,928
Corporation tax 20,719 -
VAT 24,149 8,486
Directors' current accounts 10,000 12,502
Accrued expenses 1,680 1,600
134,615 84,516

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2023 92,331
Profit for the year 78,946
At 31 March 2024 171,277

8. RELATED PARTY DISCLOSURES

The company received £4,667 (2023 - £8.181) of services from Strategix Technical Solutions (PTY) Ltd which owns 100% of the shares in the company. £7,450 was owing (2023- £7,450 payable) at the year end. This is included in trade creditors.

The company received £60,000 (2023 - £60,000) of services from Virtual Platforms Ltd and 3RL Systems Ltd, companies owned by Rahul Mehta. This is shown under management expenses in the profit and loss account.

The company has received £10,000 in loans from Rahul Mehta. This was still outstanding at the year end and is included within directors loans in current liabilities.