VIRTUOSOS HOLDING LTD

VIRTUOSOS HOLDING LTD - Company Information

2020-01-012020-12-312020-12-31false11281212VIRTUOSOS HOLDING LTD2021-09-2459113iso4217:GBPxbrli:pure112812122020-01-01112812122020-12-31112812122020-01-012020-12-31112812122019-01-01112812122019-12-31112812122019-01-012019-12-3111281212bus:SmallEntities2020-01-012020-12-3111281212bus:AuditExempt-NoAccountantsReport2020-01-012020-12-3111281212bus:AbridgedAccounts2020-01-012020-12-3111281212bus:PrivateLimitedCompanyLtd2020-01-012020-12-3111281212core:WithinOneYear2020-12-3111281212core:AfterOneYear2020-12-3111281212core:WithinOneYear2019-12-3111281212core:AfterOneYear2019-12-3111281212core:ShareCapital2020-12-3111281212core:SharePremium2020-12-3111281212core:RevaluationReserve2020-12-3111281212core:OtherReservesSubtotal2020-12-3111281212core:RetainedEarningsAccumulatedLosses2020-12-3111281212core:ShareCapital2019-12-3111281212core:SharePremium2019-12-3111281212core:RevaluationReserve2019-12-3111281212core:OtherReservesSubtotal2019-12-3111281212core:RetainedEarningsAccumulatedLosses2019-12-3111281212core:LandBuildings2020-12-3111281212core:PlantMachinery2020-12-3111281212core:Vehicles2020-12-3111281212core:FurnitureFittings2020-12-3111281212core:OfficeEquipment2020-12-3111281212core:NetGoodwill2020-12-3111281212core:IntangibleAssetsOtherThanGoodwill2020-12-3111281212core:ListedExchangeTraded2020-12-3111281212core:UnlistedNon-exchangeTraded2020-12-3111281212core:LandBuildings2019-12-3111281212core:PlantMachinery2019-12-3111281212core:Vehicles2019-12-3111281212core:FurnitureFittings2019-12-3111281212core:OfficeEquipment2019-12-3111281212core:NetGoodwill2019-12-3111281212core:IntangibleAssetsOtherThanGoodwill2019-12-3111281212core:ListedExchangeTraded2019-12-3111281212core:UnlistedNon-exchangeTraded2019-12-3111281212core:LandBuildings2020-01-012020-12-3111281212core:PlantMachinery2020-01-012020-12-3111281212core:Vehicles2020-01-012020-12-3111281212core:FurnitureFittings2020-01-012020-12-3111281212core:OfficeEquipment2020-01-012020-12-3111281212core:NetGoodwill2020-01-012020-12-3111281212core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3111281212core:ListedExchangeTraded2020-01-012020-12-3111281212core:UnlistedNon-exchangeTraded2020-01-012020-12-3111281212core:MoreThanFiveYears2020-01-012020-12-3111281212core:Non-currentFinancialInstruments2020-12-3111281212core:Non-currentFinancialInstruments2019-12-3111281212dpl:CostSales2020-01-012020-12-3111281212dpl:DistributionCosts2020-01-012020-12-3111281212dpl:AdministrativeExpenses2020-01-012020-12-3111281212core:LandBuildings2020-01-012020-12-3111281212core:PlantMachinery2020-01-012020-12-3111281212core:Vehicles2020-01-012020-12-3111281212core:FurnitureFittings2020-01-012020-12-3111281212core:OfficeEquipment2020-01-012020-12-3111281212core:NetGoodwill2020-01-012020-12-3111281212core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3111281212dpl:GroupUndertakings2020-01-012020-12-3111281212dpl:ParticipatingInterests2020-01-012020-12-3111281212dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3111281212core:ListedExchangeTraded2020-01-012020-12-3111281212dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3111281212core:UnlistedNon-exchangeTraded2020-01-012020-12-3111281212dpl:CostSales2019-01-012019-12-3111281212dpl:DistributionCosts2019-01-012019-12-3111281212dpl:AdministrativeExpenses2019-01-012019-12-3111281212core:LandBuildings2019-01-012019-12-3111281212core:PlantMachinery2019-01-012019-12-3111281212core:Vehicles2019-01-012019-12-3111281212core:FurnitureFittings2019-01-012019-12-3111281212core:OfficeEquipment2019-01-012019-12-3111281212core:NetGoodwill2019-01-012019-12-3111281212core:IntangibleAssetsOtherThanGoodwill2019-01-012019-12-3111281212dpl:GroupUndertakings2019-01-012019-12-3111281212dpl:ParticipatingInterests2019-01-012019-12-3111281212dpl:GroupUndertakingscore:ListedExchangeTraded2019-01-012019-12-3111281212core:ListedExchangeTraded2019-01-012019-12-3111281212dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-01-012019-12-3111281212core:UnlistedNon-exchangeTraded2019-01-012019-12-3111281212core:NetGoodwill2020-12-3111281212core:IntangibleAssetsOtherThanGoodwill2020-12-3111281212core:LandBuildings2020-12-3111281212core:PlantMachinery2020-12-3111281212core:Vehicles2020-12-3111281212core:FurnitureFittings2020-12-3111281212core:OfficeEquipment2020-12-3111281212core:AfterOneYear2020-12-3111281212core:WithinOneYear2020-12-3111281212core:ListedExchangeTraded2020-12-3111281212core:UnlistedNon-exchangeTraded2020-12-3111281212core:ShareCapital2020-12-3111281212core:SharePremium2020-12-3111281212core:RevaluationReserve2020-12-3111281212core:OtherReservesSubtotal2020-12-3111281212core:RetainedEarningsAccumulatedLosses2020-12-3111281212core:NetGoodwill2019-12-3111281212core:IntangibleAssetsOtherThanGoodwill2019-12-3111281212core:LandBuildings2019-12-3111281212core:PlantMachinery2019-12-3111281212core:Vehicles2019-12-3111281212core:FurnitureFittings2019-12-3111281212core:OfficeEquipment2019-12-3111281212core:AfterOneYear2019-12-3111281212core:WithinOneYear2019-12-3111281212core:Liste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Registered Number
11281212
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 December 2020

VIRTUOSOS HOLDING LTD

Company Information
for the year from 1 January 2020 to 31 December 2020


Directors	MARKO, Nicholas Zoltan
	PELLER, Mariann


Registered Address	PO BOX 648 Gateway House, Tollgate
	Chandler's Ford
	Eastleigh
	SO50 0ND


Registered Number	11281212 (England and Wales)

VIRTUOSOS HOLDING LTD

Balance Sheet as at
31 December 2020

	Notes	2020		2019
		£	£	£	£
Fixed assets
Intangible assets	5		709,895		697,502
			709,895		697,502
Current assets
Debtors		978,821		381,047
Cash at bank and on hand		333,285		6,176
		1,312,106		387,223
Creditors amounts falling due within one year		(614,729)		(173,085)
Net current assets (liabilities)			697,377		214,138
Total assets less current liabilities			1,407,272		911,640
Net assets			1,407,272		911,640
Capital and reserves
Called up share capital			14,433		14,000
Share premium			1,572,754		1,101,334
Profit and loss account			(179,915)		(203,694)
Shareholders' funds			1,407,272		911,640

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 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 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2021, and are signed on its behalf by:

PELLER, Mariann
Director
Registered Company No. 11281212

VIRTUOSOS HOLDING LTD

Notes to the Financial Statements
for the year ended 31 December 2020

1.	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.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	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.

3.	ACCOUNTING POLICIES

	Intangible assets policy
	Intangible assets are amortized in equal annual instalments over the estimated economic life.

	Revenue recognition policy
	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 recognition policy

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.

	Foreign currency translation and operations policy
	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 and operations policy

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.

4.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	-		-

5.	INTANGIBLE ASSETS

		Total £
	Cost or valuation
	At 01 January 20	697,502
	Additions	91,270
	At 31 December 20	788,773
	Amortisation and impairment
	Charge for year	78,877
	At 31 December 20	78,877
	Net book value
	At 31 December 20	709,895
	At 31 December 19	697,502