EVIRTUALFD LTD


Director	Lee M Turner


Company Secretary	Lee M Turner


Registered Address	Grosvenor House
	St. Pauls Square
	Birmingham
	B3 1RB


Registered Number	08032239 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1		1
Tangible assets	4		2,117		2,822
			2,118		2,823
Current assets
Debtors	5	35,312		52,515
Cash at bank and on hand		14,328		24,879
		49,640		77,394
Creditors amounts falling due within one year	6	(24,656)		(31,926)
Net current assets (liabilities)			24,984		45,468
Total assets less current liabilities			27,102		48,291
Creditors amounts falling due after one year	7		(24,512)		(30,399)
Provisions for liabilities	8		(402)		(536)
Net assets			2,188		17,356
Capital and reserves
Called up share capital			1,333		1,333
Profit and loss account			855		16,023
Shareholders' funds			2,188		17,356

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 December 2025, and are signed on its behalf by:

Lee M Turner
Director
Registered Company No. 08032239

EVIRTUALFD LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	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).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Asset class - Goodwill Amortisation method and rate - 10% Straight line

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class - Goodwill
Amortisation method and rate - 10% Straight line

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	16,315	16,315
At 31 March 25	16,315	16,315
Amortisation and impairment
At 01 April 24	16,314	16,314
At 31 March 25	16,314	16,314
Net book value
At 31 March 25	1	1
At 31 March 24	1	1

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	10,069	10,069
At 31 March 25	10,069	10,069
Depreciation and impairment
At 01 April 24	7,247	7,247
Charge for year	705	705
At 31 March 25	7,952	7,952
Net book value
At 31 March 25	2,117	2,117
At 31 March 24	2,822	2,822

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	22,447	26,719
Amounts owed by associates and joint ventures / participating interests	12,664	25,596
Prepayments and accrued income	201	200
Total	35,312	52,515

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	519	1,005
Bank borrowings and overdrafts	5,880	5,930
Taxation and social security	17,672	24,086
Other creditors	120	268
Accrued liabilities and deferred income	465	637
Total	24,656	31,926


	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. Bank Borrowings due in one year relate to a Bounce Back Loan which is denominated in sterling with a nominal interest rate of 2.5%, with the final instalment being due on 7 June 2030. The amount due in one year at the year end was £5,880 (2024 - £5,880). This loan is guaranteed by the Government.

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.

Bank Borrowings due in one year relate to a Bounce Back Loan which is denominated in sterling with a nominal interest rate of 2.5%, with the final instalment being due on 7 June 2030. The amount due in one year at the year end was £5,880 (2024 - £5,880). This loan is guaranteed by the Government.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	24,512	30,399
Total	24,512	30,399


	Bank Borrowings due after one year relate to a Bounce Back Loan which is denominated in sterling with a nominal interest rate of 2.5%, with the final instalment being due on 7 June 2030. The amount due after one year at the year end was £ (2024 - £30,399). This loan is guaranteed by the Government.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	402	536
Total	402	536

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Lee M Turner	25,596	23,725	36,657	12,664
	25,596	23,725	36,657	12,664


	These loans were advanced to assist the Director in carrying out his duties and are unsecured, interest free and will be repaid within nine months of the year end.