Virtus Contracts Limited in London, W1W 8DW

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www.virtus-contracts.co.uk

Description

Data updated on: 01-11-2023

Virtus Contracts Limited can be reached at London at 34-35 Eastcastle St. Anyone can look up the company by its post code - W1W 8DW. This enterprise has been operating on the British market for 24 years. This enterprise is registered under the number 03955554 and company's last known status is active. The company is known as Virtus Contracts Limited. It should be noted that this company also operated as Broomco (2141) until the name got changed twenty four years ago. This enterprise's declared SIC number is 41201 and their NACE code stands for Construction of commercial buildings. The business most recent accounts cover the period up to Sat, 31st Dec 2022 and the latest confirmation statement was released on Mon, 24th Jul 2023.

Paul J., Adam S., Alexander S. and Mark C. are listed as enterprise's directors and have been doing everything they can to help the company since 2022. What is more, the director's responsibilities are regularly supported by a secretary - Alex S., who was chosen by this limited company 5 years ago.

Previous company's names
Virtus Contracts Limited 2000-04-05
Broomco (2141) Limited 2000-03-24

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	2 082 307	684 661	2 049 379	1 556 030	720 058	3 487 220	1 916 336	1 388 711
Current Assets	5 907 163	5 467 638	6 302 247	6 149 356	4 881 738	7 785 378	4 266 768	5 438 003
Debtors	3 053 865	4 263 306	3 610 962	3 940 621	3 797 982	3 561 698	2 074 821	3 790 591
Net Assets Liabilities	1 269 085	1 456 291	1 555 220	914 989	1 088 295	2 010 162	9 580	628 154
Other Debtors	18 465	26 234	17 103	12 994	17 340	6 369	13 419	8 735
Property Plant Equipment	3 491	13 262	14 222	8 812	8 679	6 195	6 736	9 115

Other Financial Data
Audit Fees Expenses	7 500	7 500	7 750	8 000	8 250	8 250	8 750	8 750
Accrued Liabilities Deferred Income	10 000	10 000	51 866	54 000	80 416	61 277	49 196	81 588
Accumulated Depreciation Impairment Property Plant Equipment	64 161	71 664	83 398	95 676	105 341	112 251	119 499	126 748
Additional Provisions Increase From New Provisions Recognised		1 250	9 291
Additions Other Than Through Business Combinations Property Plant Equipment		17 274	12 694	6 868	9 532	4 426	7 789	9 628
Administration Support Average Number Employees	2	2	2	2	2	2	1	1
Administrative Expenses	2 156 199	2 142 481	2 278 003	2 577 292	2 670 815	2 579 208	3 058 229	3 576 988
Amounts Owed To Directors		18 000
Amounts Owed To Other Related Parties Other Than Directors					1 729 664	2 934 377
Applicable Tax Rate	20	20	19	19	19	19	19	19
Average Number Employees During Period	33	35	36	40	38	39	39	45
Cancellation Subscribed Capital Decrease In Equity				806 714
Cash Cash Equivalents Cash Flow Value	2 082 307	684 661	2 049 379	1 556 030	720 058	3 487 220	1 916 336	1 388 711
Cash Payments To Acquire Equity Or Debt Instruments Other Entities Classified As Investing Activities	396 559	302 445	-168 165	86 621		506 673	207 586
Cash Receipts From Sales Equity Or Debt Instruments Other Entities Classified As Investing Activities		251 320	-288 625			161 935	657 550
Comprehensive Income Expense	233 496	287 206	198 929	168 483	167 821	921 867	799 417	882 574
Corporation Tax Payable	60 847	63 351	52 214	58 262			120 705
Corporation Tax Recoverable								50 434
Cost Sales	20 396 993	15 215 489	19 164 205	19 585 910	14 419 233	17 866 249	13 923 491	18 935 199
Creditors	4 640 525	4 022 315	4 749 664	5 241 737	3 802 122	5 781 411	4 263 924	4 818 964
Current Asset Investments	770 991	519 671	641 906	652 705	363 698	736 460	275 611	258 701
Current Tax For Period	61 977	64 314	52 604	58 543		957	121 706	540
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws					-98
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-4 055	1 250	9 291	-10 143	-1 442
Deferred Tax Liabilities	1 044	2 294	11 585	1 442
Depreciation Expense Property Plant Equipment	5 079	7 503	11 734	12 278	9 665	6 910	7 248	7 249
Depreciation Rate Used For Property Plant Equipment		33
Dividend Income	5 472	3 635	1 187	8 302	9 804	5 651	7 101
Dividends Paid		100 000	100 000
Dividends Paid Classified As Financing Activities		100 000	100 000
Dividends Paid Classified As Operating Activities							2 957 357	264 000
Dividends Paid On Shares		100 000	100 000
Exercise Options Rights Or Warrants Increase In Equity					5 485
Further Item Non-operating Gain Loss Before Tax Income Statement Item Component Profit Or Loss Before Tax		-2 088
Future Minimum Lease Payments Under Non-cancellable Operating Leases	40 000	10 000	340 804	264 156	187 508	110 860	53 129	229 944
Gain Loss In Cash Flows From Change In Accrued Items	1 000		41 866	2 134	26 416	-19 139	-12 081	32 392
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-265 765	-638 714	714 620	483 891	-1 407 769	1 998 428	-1 626 111	643 353
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	378 185	-1 209 441	652 344	-329 659	142 639	236 284	1 486 877	-1 715 770
Gain Loss On Financial Assets Fair Value Through Profit Or Loss	-19 079	33 464
Government Grant Income						110 856	22 510
Gross Amount Due From Customers For Construction Contract Work As Asset	2 241 851	2 342 566	1 693 622	1 887 291	2 493 949	2 559 941	1 482 742	1 134 544
Gross Profit Loss	2 432 539	2 426 910	2 511 164	2 839 397	2 642 729	3 355 156	3 957 325	4 353 452
Income Expense Recognised Directly In Equity			-100 000	-808 714	5 485		-2 799 999	-264 000
Income From Other Fixed Asset Investments		33 464	1 775	-75 822	26 532	28 024	-10 885	-16 910
Income Taxes Paid Refund Classified As Operating Activities	76 709	61 666	63 983	50 310	-89 999	957	1 001	495
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-67 021	-1 395 558	1 364 718	-493 349	-835 972	2 767 162	-1 570 884	-527 625
Increase Decrease In Current Tax From Adjustment For Prior Periods	1 566	-144	242	-2 185	-148 261	-15 171		-120 750
Increase Decrease In Existing Provisions				-10 143	-1 442
Increase Decrease In Net Debt From Cash Flows					1 124 979	-3 139 924	2 031 733	544 535
Increase From Depreciation Charge For Year Property Plant Equipment		7 503	11 734	12 278	9 665	6 910	7 248	7 249
Interest Income On Cash Cash Equivalents	18 955	23 934	18 760	19 951	9 868	3 164	3 302	889
Interest Paid Classified As Operating Activities						819	1	31
Interest Payable Similar Charges Finance Costs						819	1	31
Interest Received Classified As Operating Activities	16 644	36 821	26 130	28 415	19 672	8 815	10 403	2 841
Issue Bonus Shares Decrease Increase In Equity				-24 000
Issue Equity Instruments							157 358
Net Cash Flows From Used In Financing Activities		-82 000	-118 000	-808 714		110 856	179 868
Net Cash Flows From Used In Investing Activities	-401 795	267 510	-133 154	-93 489	311 492	-349 164	442 175	-9 628
Net Cash Flows From Used In Operating Activities	334 774	-1 547 604	1 615 872	408 854	-1 147 464	3 005 470	-2 192 927	-517 997
Net Cash Generated From Operations	394 839	-1 558 311	1 653 725	430 749	-1 257 135	2 998 431	755 029	-256 312
Net Current Assets Liabilities	1 266 638	1 445 323	1 552 583	907 619	1 079 616	2 003 967	2 844	619 039
Net Debt Funds				-2 208 735	-1 083 756	-4 223 680	-2 191 947	-1 647 412
Number Shares Issued Fully Paid	50 000	50 000	50 000	48 000	49 662	49 662	2	2
Number Shares Issued In Period- Gross				24 000
Number Shares Redeemed In Period				26 000
Operating Profit Loss	276 340	284 429	233 161	262 105	-28 086	886 804	921 606	776 464
Other Creditors		2 502	30 502	29 913	31 775	23 915	286 010	19 743
Other Finance Costs						819	1	31
Other Finance Income	11 296	9 252	6 183	162
Other Interest Receivable Similar Income Finance Income	16 644	70 285	26 130	28 415	19 672	8 815	10 403	2 841
Other Operating Income Format1						110 856	22 510
Other Remaining Borrowings			2 089 906	2 581 131	1 729 664	2 934 377	2 186 439
Other Taxation Social Security Payable	194 202	150 361	190 402	276 376	357 376	594 778	443 027	1 186 117
Par Value Share		1	1	1	1	1	1	1
Payments To Acquire Or Redeem Own Shares Other Equity Instruments				808 714
Pension Costs Defined Contribution Plan	2 025	31 561	23 831	47 339	61 485	53 714	55 962	67 114
Pension Other Post-employment Benefit Costs Other Pension Costs	149 821	210 554	114 531	118 739	83 853	76 628	85 505	87 742
Prepayments Accrued Income	74 103	22 698	23 456	24 937	24 343	42 687	39 945	31 244
Proceeds From Borrowings Classified As Financing Activities		18 000	-18 000
Proceeds From Government Grants Classified As Financing Activities						110 856	22 510
Proceeds From Issuing Other Equity Instruments							2
Proceeds From Issuing Shares							157 356
Proceeds From Sales Other Long-term Assets Classified As Investing Activities					321 024	161 935
Production Average Number Employees	27	29	30	35	34	34	33	39
Profit Loss	233 496	287 206	198 929	168 483	167 821	921 867	799 417	882 574
Profit Loss On Ordinary Activities Before Tax	292 984	352 626	261 066	214 698	18 118	922 824	921 123	762 364
Property Plant Equipment Gross Cost	67 652	84 926	97 620	104 488	114 020	118 446	126 235	135 863
Provisions	1 044	2 294	11 585	1 442
Purchase Financial Assets Held For Trading Trading Investments				86 621
Purchase Property Plant Equipment	5 236	17 274	12 694	6 868	9 532	4 426	7 789	9 628
Redemption Shares Decrease In Equity				26 000
Revenue From Construction Contracts	22 829 532	17 642 399	21 675 369	22 425 307	17 061 962	21 221 405	17 880 816	23 288 651
Social Security Costs	219 103	210 993	236 613	263 238	270 011	276 089	307 830	370 658
Staff Costs Employee Benefits Expense	2 217 409	2 241 457	2 403 427	2 672 790	2 680 653	2 723 426	3 028 755	3 519 947
Taxation Including Deferred Taxation Balance Sheet Subtotal	1 044	2 294	11 585	1 442
Tax Decrease From Utilisation Tax Losses							54 145
Tax Expense Credit Applicable Tax Rate	58 172	70 525	50 255	40 793	3 442	175 337	175 013	144 849
Tax Increase Decrease From Effect Capital Allowances Depreciation	-129	-2 034	-248	977	-16	-157 951	-103	-151 681
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings	-2 031	-727
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	2 147	2 825	4 277	6 640	3 576	2 054	3 901	4 530
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	2 048	418	-1 086	13 334
Tax Increase Decrease From Other Short-term Timing Differences	1 770	-6 693
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		-6 693	-593	-3 201	-6 904	-3 312	-2 960
Tax Tax Credit On Profit Or Loss On Ordinary Activities	59 488	65 420	52 847	46 215	-149 703	957	121 706	-120 210
Total Assets Less Current Liabilities	1 270 129	1 458 585	1 566 805	916 431	1 088 295	2 010 162	9 580	628 154
Total Current Tax Expense Credit	63 543	64 170	52 846	56 358	-148 261	957	121 706	-120 210
Trade Creditors Trade Payables	1 942 491	1 898 483	2 334 774	2 242 055	1 602 891	2 167 064	1 178 547	1 297 329
Trade Debtors Trade Receivables	719 446	1 871 808	1 876 781	2 015 399	1 262 350	952 701	538 715	2 565 634
Transfers To From Retained Earnings Increase Decrease In Equity							-2 957 357
Turnover Revenue	22 829 532	17 642 399	21 675 369	22 425 307	17 061 962	21 221 405	17 880 816	23 288 651
Wages Salaries	1 848 485	1 819 910	2 024 284	2 290 813	2 326 789	2 370 709	2 635 420	3 061 547
Advances Credits Directors		18 000
Advances Credits Made In Period Directors		18 000
Company Contributions To Money Purchase Plans Directors	120 000	156 000	90 700	71 400	22 368	22 914	29 543	20 628
Director Remuneration	511 000	362 418	386 127	351 101	304 383	376 140	580 106	643 647
Director Remuneration Benefits Excluding Payments To Third Parties	631 000	511 750	476 827	422 501	326 751	399 054	609 649	664 275
Number Directors Accruing Benefits Under Money Purchase Scheme	4	4	4	1	1	2	2	4