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Registered number: 11083674
Virtue Wealth Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2026
Association of Chartered Certified Accountants (ACCA)
Key Accountants
Office 5, The Forest Rock Offices
Leicester Road, Whitwick
Leicestershire
LE67 5GQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11083674
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 141,460 145,521
Tangible Assets 5 9,281 40,511
150,741 186,032
CURRENT ASSETS
Debtors 6 26,194 24,688
Cash at bank and in hand 138,762 87,637
164,956 112,325
Creditors: Amounts Falling Due Within One Year 7 (65,569 ) (52,132 )
NET CURRENT ASSETS (LIABILITIES) 99,387 60,193
TOTAL ASSETS LESS CURRENT LIABILITIES 250,128 246,225
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,320 ) (10,128 )
NET ASSETS 247,808 236,097
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 246,808 235,097
SHAREHOLDERS' FUNDS 247,808 236,097
Page 1
Page 2
For the year ending 30 September 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Hextall
Director
16th October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Virtue Wealth Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11083674 . The registered office is 33 Frances Way, Ibstock, LE67 6DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 3)
4 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2025 187,306
As at 30 September 2026 187,306
Amortisation
As at 1 October 2025 41,785
Provided during the period 4,061
As at 30 September 2026 45,846
Net Book Value
As at 30 September 2026 141,460
As at 1 October 2025 145,521
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2025 106,370 5,241 17,573 129,184
Additions - 4,039 1,481 5,520
Disposals (106,370 ) - - (106,370 )
As at 30 September 2026 - 9,280 19,054 28,334
Depreciation
As at 1 October 2025 72,714 4,133 11,826 88,673
Provided during the period - 1,287 1,807 3,094
Disposals (72,714 ) - - (72,714 )
As at 30 September 2026 - 5,420 13,633 19,053
Net Book Value
As at 30 September 2026 - 3,860 5,421 9,281
As at 1 October 2025 33,656 1,108 5,747 40,511
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 26,194 24,688
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 64,668 50,921
Accruals and deferred income 901 899
Directors' loan accounts - 312
65,569 52,132
8. Share Capital
2026 2025
Allotted, called up and fully paid £ £
5,100 Ordinary A shares of £ 0.10 each 510 510
4,900 Ordinary B shares of £ 0.10 each 490 490
1,000 1,000
Page 5