Vitruvi Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10536824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VITRUVI LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Boggia

Mr A Mustafa

REGISTERED OFFICE:

39 Hendon Lane

Finchley

London

N3 1RY

REGISTERED NUMBER:

10536824 (England and Wales)

ACCOUNTANTS:

Guner Associates

Chartered Accountants

39 Hendon Lane

Finchley

London

N3 1RY

FIXED ASSETS

Tangible assets

5

20,700

27,600

CURRENT ASSETS

Stocks

601,166

596,117

Debtors

497,560

1,184,970

Cash at bank and in hand

3,418

40,875

1,102,144

1,821,962

CREDITORS

Amounts falling due within one year

202,002

1,161,459

NET CURRENT ASSETS

900,142

660,503

TOTAL ASSETS LESS CURRENT LIABILITIES

920,842

688,103

CREDITORS

Amounts falling due after more than one year

17,825

24,725

NET ASSETS

903,017

663,378

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

902,917

663,278

SHAREHOLDERS' FUNDS

903,017

663,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:

Mr A Mustafa - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sale of properties during the year. Sales are accounted for on completion and purchases are accounted for on exchange of contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress represents the cost of properties acquired for short-term development and resale. Valuations are the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for foreseeable losses where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2023

and 31 December 2023

34,500

DEPRECIATION

At 1 January 2023

6,900

Charge for year

6,900

At 31 December 2023

13,800

NET BOOK VALUE

At 31 December 2023

20,700

At 31 December 2022

27,600

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 January 2023

663,278

Profit for the year

287,639

Dividends

(48,000

)

At 31 December 2023

902,917