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Registered Number: 12106087
England and Wales

 

 

 

VERPEX LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2021

End date: 31 December 2022
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 21,430    23,222 
21,430    23,222 
Current assets      
Debtors 160,476    28,732 
Cash at bank and in hand 14,304    9,042 
174,780    37,774 
Creditors: amount falling due within one year (995,141)   (76,069)
Net current liabilities (820,361)   (38,295)
 
Total assets less current liabilities (798,931)   (15,073)
Accruals and deferred income (170,471)  
Net liabilities (969,402)   (15,073)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (969,502)   (15,173)
Shareholder's funds (969,402)   (15,073)
 


For the period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

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 by the board of directors on 30 September 2023 and were signed on its behalf by:


-------------------------------
Sebastian De Lemos
Director
1
General Information
VERPEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12106087, registration address 87 North Road, Poole, BH14 0LT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
2.

Average number of employees

Average number of employees during the period was 0 (2021 : 0).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2021 29,028    29,028 
Additions 5,016    5,016 
Disposals  
At 31 December 2022 34,044    34,044 
Amortisation
At 01 August 2021 5,806    5,806 
Charge for period 6,808    6,808 
On disposals  
At 31 December 2022 12,614    12,614 
Net book values
At 31 December 2022 21,430    21,430 
At 31 July 2021 23,222    23,222 


2