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Company Registration No. 08406165 (England and Wales)
Veriace Limited Unaudited accounts for the year ended 28 February 2023
Veriace Limited Unaudited accounts Contents
Page
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Veriace Limited Company Information for the year ended 28 February 2023
Director
Mr Madhur Srivastava
Company Number
08406165 (England and Wales)
Registered Office
37 Byron Avenue Winchester SO22 5AT England
Accountants
Metropolitan Accountants Ltd Phoenix Business Centre Office 10, Rosslyn Crescent Harrow Middlesex HA1 2SP
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Veriace Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
22,100 
28,100 
Cash at bank and in hand
4,880 
2,329 
26,980 
30,429 
Creditors: amounts falling due within one year
(13,782)
(10,257)
Net current assets
13,198 
20,172 
Total assets less current liabilities
13,198 
20,172 
Creditors: amounts falling due after more than one year
(14,479)
(20,036)
Net (liabilities)/assets
(1,281)
136 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,381)
36 
Shareholders' funds
(1,281)
136 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
Mr Madhur Srivastava Director Company Registration No. 08406165
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Veriace Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Veriace Limited is a private company, limited by shares, registered in England and Wales, registration number 08406165. The registered office is 37 Byron Avenue, Winchester, SO22 5AT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% at cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
4,871 
At 28 February 2023
4,871 
Depreciation
At 1 March 2022
4,871 
At 28 February 2023
4,871 
Net book value
At 28 February 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
22,100 
28,100 
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Veriace Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,390 
6,444 
Taxes and social security
6,943 
3,796 
Other creditors
- 
13 
Loans from directors
449 
4 
13,782 
10,257 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,479 
20,036 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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