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Registered Number: 10775942
England and Wales
VITRUE LTD
Unaudited Financial Statements
Period of accounts Start date: 01 June 2024 End date: 31 May 2025

VITRUE LTD Company Information For the year ended 31 May 2025
Directors | Christopher David Alexander BRUCE Alexandra HASLEHURST Dr Shane LOWE Simon Jonathan MENASHY Nicholas SHARP
Registered Number | 10775942
Registered Office | FLOOR 1 15 IRONMONGER ROW LONDON EC1V 3QG
Accountants | Infina Financial Limited 3rd Floor, 86-90 Paul Street London EC2A 4NE
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VITRUE LTD Balance Sheet As at 31 May 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 4 | 9,811 |  | 16,682
|  | 9,811 |  | 16,682
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 210,492 |  | 138,717
Cash at bank and in hand |  | 1,041,221 |  | 2,164,470
|  | 1,251,713 |  | 2,303,187
Creditors: amount falling due within one year | 6 | (489,125) |  | (303,770)
Net current assets |  | 762,588 |  | 1,999,417
Total assets less current liabilities |  | 772,399 |  | 2,016,099
Net assets |  | 772,399 |  | 2,016,099
Capital and reserves |  |  |
Called up share capital |  | 2 |  | 2
Share premium account | 7 | 4,907,505 |  | 4,907,505
Profit and loss account |  | (4,135,108) |  | (2,891,408)
Shareholders' funds |  | 772,399 |  | 2,016,099
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 profit and loss account has not been delivered to the Registrar of Companies. The financial statements were approved by the board of directors on 17 September 2025 and were signed on its behalf by:
------------------------------- Dr Shane LOWE Director
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VITRUE LTD Notes to the Financial Statements For the year ended 31 May 2025
General Information VITRUE LTD is a private company, limited by shares, registered in England and Wales, registration number 10775942, registration address FLOOR 1, 15 IRONMONGER ROW, LONDON, EC1V 3QG. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Turnover Turnover represents the total amount of revenue recognized by the company for the provision of its SaaS solutions, including related services such as development, training, maintenance, and support. Turnover is measured at the fair value of the consideration received or receivable, excluding VAT, discounts, and other sales taxes. Operating lease rentals Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Defined contribution pension plan The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund. Employee benefits Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period. Research and development expenditure Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Asset class |  | Straight line (years) £
--- | --- | ---
Plant and machinery |  | 3
Office Equipment |  | 3
Trade and other debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2. | Average number of employees Including directors and key management personnel Average number of employees during the year was 18 (2024 : 19).
3. | Operating lease commitments At 31 May 2025, the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Period |  | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Not later than one year |  | 152,000 |  | 240,000
Later than one year and not later than five years |  | 42,000 |  | 194,000
4. | Tangible fixed assets
Cost or valuation | Plant and machinery etc |  | Total
| £ |  | £
At 01 June 2024 | 58,712 |  | 58,712
Additions | 691 |  | 691
Disposals | - |  | -
At 31 May 2025 | 59,403 |  | 59,403
Depreciation
At 01 June 2024 | 42,030 |  | 42,030
Charge for year | 7,562 |  | 7,562
On disposals | - |  | -
At 31 May 2025 | 49,592 |  | 49,592
Net book values
Closing balance as at 31 May 2025 | 9,811 |  | 9,811
Opening balance as at 01 June 2024 | 16,682 |  | 16,682
5. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Debtors | 14,226 |  | 23,487
Other Debtors | 196,266 |  | 115,230
| 210,492 |  | 138,717
At the balance sheet date, the company held the following debtors due in > 1 year:
Other Debtors |  | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Rent deposit |  | 40,000 |  | 40,000
6. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Creditors | 3,165 |  | 10,438
Taxation and Social Security | 61,650 |  | 42,603
Other Creditors | 424,310 |  | 250,729
| 489,125 |  | 303,770
7. | Share premium account
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Equity Share Premium b/fwd | 4,907,505 |  | 1,711,888
Equity Share Premium - New Issue | 0 |  | 3,195,617
| 4,907,505 |  | 4,907,505
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