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REGISTERED NUMBER: 10183215 (England and Wales)















Financial Statements

for the Year Ended 30 September 2024

for

Virtu Solutions Ltd

Virtu Solutions Ltd (Registered number: 10183215)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Virtu Solutions Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J E Thompson
E Thompson





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 10183215 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Virtu Solutions Ltd (Registered number: 10183215)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
CURRENT ASSETS
Debtors 5 49,762 -
Cash at bank 4,588 4,812
54,350 4,812
CREDITORS
Amounts falling due within one year 6 (179,123 ) (121,645 )
NET CURRENT LIABILITIES (124,773 ) (116,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(124,773

)

(116,833

)

CREDITORS
Amounts falling due after more than one
year

7

(11,335

)

(21,552

)
NET LIABILITIES (136,108 ) (138,385 )

CAPITAL AND RESERVES
Called up share capital 250 250
Share premium 89,980 89,980
Retained earnings (226,338 ) (228,615 )
SHAREHOLDERS' FUNDS (136,108 ) (138,385 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Virtu Solutions Ltd (Registered number: 10183215)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





J E Thompson - Director


Virtu Solutions Ltd (Registered number: 10183215)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Virtu Solutions 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the company will be able to continue its operations for the foreseeable future. The company's Statement of Financial Position shows a deficit in its retained earnings. The company's creditors includes loan funding from its directors who have confirmed that no requests for repayment would be made which put the company in a position not to be able to meet its liabilities as they fall due for payment and that additional funds will be provided for this purpose should this be necessary. Accordingly the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Revenue 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Virtu Solutions Ltd (Registered number: 10183215)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 46,800 -
Other debtors 2,962 -
49,762 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 10,226 9,974
Trade creditors 56,604 1,799
Taxation and social security - 600
Other creditors 112,293 109,272
179,123 121,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 11,335 21,552

8. RELATED PARTY DISCLOSURES

At the year end, there was an interest-free, unsecured loan totalling £110,772 (2023: £108,772) due to the company's directors, repayable upon demand.. The directors have confirmed that no requests for repayment would be made which would put the company in a position not to be able to meets its liabilities as they fall due..