Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13131104 Mr Daniel Garcia Perez Mr Andre Vanyi-Robin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13131104 2023-01-31 13131104 2024-01-31 13131104 2023-02-01 2024-01-31 13131104 frs-core:CurrentFinancialInstruments 2024-01-31 13131104 frs-core:SharePremium 2024-01-31 13131104 frs-core:ShareCapital 2024-01-31 13131104 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13131104 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13131104 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13131104 frs-bus:SmallEntities 2023-02-01 2024-01-31 13131104 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13131104 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13131104 frs-bus:Director1 2023-02-01 2024-01-31 13131104 frs-bus:Director2 2023-02-01 2024-01-31 13131104 frs-bus:Director2 2023-01-31 13131104 frs-bus:Director2 2024-01-31 13131104 frs-countries:EnglandWales 2023-02-01 2024-01-31 13131104 2022-01-31 13131104 2023-01-31 13131104 2022-02-01 2023-01-31 13131104 frs-core:CurrentFinancialInstruments 2023-01-31 13131104 frs-core:SharePremium 2023-01-31 13131104 frs-core:ShareCapital 2023-01-31 13131104 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13131104
Virtuabroker Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13131104
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 33,101 30,520
Cash at bank and in hand 2,370 10,568
35,471 41,088
Creditors: Amounts Falling Due Within One Year 5 (25,478 ) (22,101 )
NET CURRENT ASSETS (LIABILITIES) 9,993 18,987
TOTAL ASSETS LESS CURRENT LIABILITIES 9,993 18,987
NET ASSETS 9,993 18,987
CAPITAL AND RESERVES
Called up share capital 6 1,428 1,428
Share premium account 43,087 43,087
Profit and Loss Account (34,522 ) (25,528 )
SHAREHOLDERS' FUNDS 9,993 18,987
For the year ending 31 January 2024 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Garcia Perez
Director
25 November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Virtuabroker Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13131104 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 20,113
Other debtors 6,112 6,112
Corporation tax recoverable assets 9,129 -
VAT 1,992 3,010
Directors' loan accounts 14,583 -
Called up share capital not paid 1,285 1,285
33,101 30,520
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,129 -
Other creditors 16,349 -
Directors' loan accounts - 22,101
25,478 22,101
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1,285 1,285
Called Up Share Capital has been paid up 143 143
Amount of Allotted, Called Up Share Capital 1,428 1,428
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Andre Vanyi-Robin 4,528 22,520 - - 27,048
The above loan includes interest charged at the official rate.
Page 3