2022-05-012023-04-302023-04-30false09076216VERITAS WEALTH 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VERITAS WEALTH LTD

Registered Number
09076216
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2023

VERITAS WEALTH LTD
Company Information
for the year from 1 May 2022 to 30 April 2023

Directors

BURTON, Simon Paul
KUNZLER, Elizabeth Anne

Registered Address

52 Grosvenor Gardens
London
SW1W 0AU

Registered Number

09076216 (England and Wales)
VERITAS WEALTH LTD
Statement of Financial Position
30 April 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets56201,793
6201,793
Current assets
Debtors636,58241,458
Cash at bank and on hand42,68113,265
79,26354,723
Creditors amounts falling due within one year7(30,434)(19,561)
Net current assets (liabilities)48,82935,162
Total assets less current liabilities49,44936,955
Provisions for liabilities8(155)(341)
Net assets49,29436,614
Capital and reserves
Called up share capital300300
Profit and loss account48,99436,314
Shareholders' funds49,29436,614
The financial statements were approved and authorised for issue by the Board of Directors on 16 October 2023, and are signed on its behalf by:
BURTON, Simon Paul
Director
KUNZLER, Elizabeth Anne
Director

Registered Company No. 09076216
VERITAS WEALTH LTD
Notes to the Financial Statements
for the year ended 30 April 2023

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.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 May 2212,44012,440
At 30 April 2312,44012,440
Depreciation and impairment
At 01 May 2210,64710,647
Charge for year1,1731,173
At 30 April 2311,82011,820
Net book value
At 30 April 23620620
At 30 April 221,7931,793
6.Debtors

2023

2022

££
Trade debtors / trade receivables36,45037,254
Other debtors1324,204
Total36,58241,458
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,521-
Taxation and social security26,15317,626
Other creditors2,7601,935
Total30,43419,561
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)155341
Total155341