1 April 2024 v2025.59.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP123731272024-04-012024-12-31123731272024-12-31123731272024-03-3112373127core:WithinOneYear2024-12-3112373127core:WithinOneYear2024-03-3112373127core:ShareCapital2024-12-3112373127core:ShareCapital2024-03-3112373127core:OtherReservesSubtotal2024-12-3112373127core:RetainedEarningsAccumulatedLosses2024-12-3112373127core:RetainedEarningsAccumulatedLosses2024-03-3112373127bus:Director12024-04-012024-12-3112373127bus:RegisteredOffice2024-04-012024-12-3112373127core:OfficeEquipment2024-04-012024-12-31123731272023-04-012024-03-3112373127core:PlantMachinery2024-04-0112373127core:PlantMachinery2024-04-012024-12-3112373127core:PlantMachinery2024-12-3112373127core:PlantMachinery2024-03-311237312712024-04-012024-12-3112373127countries:EnglandWales2024-04-012024-12-3112373127bus:AuditExempt-NoAccountantsReport2024-04-012024-12-3112373127bus:PrivateLimitedCompanyLtd2024-04-012024-12-3112373127bus:SmallEntities2024-04-012024-12-3112373127bus:FullAccounts2024-04-012024-12-31
Company registration number:
12373127
Virtus Talent Ltd.
Unaudited Filleted Financial Statements for the period ended
31 December 2024
Virtus Talent Ltd.
Statement of Financial Position
31 December 2024
31 Dec 202431 Mar 2024
Note££
Fixed assets    
Tangible assets 5
5,326
 
5,821
 
Current assets    
Debtors 6
21,968
 
157,863
 
Cash at bank and in hand
94,863
 
25,549
 
116,831
 
183,412
 
Creditors: amounts falling due within one year 7
(121,990
 )
(151,751
 )
Net current (liabilities)/assets
(5,159
 )
31,661
 
Total assets less current liabilities 167   37,482  
Capital and reserves    
Called up share capital
167
 
170
 
Other reserves
(1,500
 ) -  
Profit and loss account
1,500
 
37,312
 
Shareholders funds
167
 
37,482
 
For the period ending
31 December 2024
, 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 financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 September 2025
, and are signed on behalf of the board by:
Mr. J Davidson
Director
Company registration number:
12373127
Virtus Talent Ltd.
Notes to the Financial Statements
Period ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Xyx Building, Floor 7
,
2 Hardman Blvd
,
Manchester
,
M3 3AQ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance

4 Average number of employees

The average number of persons employed by the company during the period was
8
(2024:
8.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
11,836
 
Additions
777
 
Disposals
(103
 )
At
31 December 2024
12,510
 
Depreciation  
At
1 April 2024
6,015
 
Charge
1,175
 
Disposals
(6
 )
At
31 December 2024
7,184
 
Carrying amount  
At
31 December 2024
5,326
 
At 31 March 2024
5,821
 

6 Debtors

31 Dec 202431 Mar 2024
££
Trade debtors
8,760
 
106,485
 
Other debtors
13,208
 
51,378
 
21,968
 
157,863
 

7 Creditors: amounts falling due within one year

31 Dec 202431 Mar 2024
££
Trade creditors
12,834
  -  
Taxation and social security
51,315
 
95,808
 
Other creditors
57,841
 
55,943
 
121,990
 
151,751