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REGISTERED NUMBER: 10062869 (England and Wales)












VIRTUE SERVICES (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VIRTUE SERVICES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr N J Clapham





REGISTERED OFFICE: 70 3rd Floor Gracechurch Street
London
EC3V 0HR





REGISTERED NUMBER: 10062869 (England and Wales)





ACCOUNTANTS: Alan W. Simons & Co.
Chartered Accountants
Hillview Business Centre
2 Leybourne Avenue
Bournemouth
Dorset
BH10 6HF

VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,752 6,387

CURRENT ASSETS
Debtors 5 84,588 270,094
Cash at bank 57,311 156,701
141,899 426,795
CREDITORS
Amounts falling due within one year 6 51,598 309,321
NET CURRENT ASSETS 90,301 117,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,053

123,861

PROVISIONS FOR LIABILITIES 1,283 1,214
NET ASSETS 95,770 122,647

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,670 122,547
SHAREHOLDERS' FUNDS 95,770 122,647

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 director acknowledges his 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.

VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 19 December 2024 and were signed by:





Mr N J Clapham - Director


VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Virtue Services (Uk) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,458
Additions 1,567
At 31 March 2024 14,025
DEPRECIATION
At 1 April 2023 6,071
Charge for year 1,202
At 31 March 2024 7,273
NET BOOK VALUE
At 31 March 2024 6,752
At 31 March 2023 6,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,046 227,021
Other debtors 74,542 43,073
84,588 270,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,694 167,346
Taxation and social security 5,359 52,145
Other creditors 23,545 89,830
51,598 309,321

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr N J Clapham
Balance outstanding at start of year (8 ) (1,086 )
Amounts advanced 19,229 21,500
Amounts repaid (19,221 ) (20,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (8 )

VIRTUE SERVICES (UK) LIMITED (REGISTERED NUMBER: 10062869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The above advances to directors are interest free and repayable on demand.