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REGISTERED NUMBER: 09420913 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Get Velocity Limited

Get Velocity Limited (Registered number: 09420913)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Get Velocity Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: G S Bridges





REGISTERED OFFICE: 85
Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 09420913 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Get Velocity Limited (Registered number: 09420913)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 843 509

CURRENT ASSETS
Debtors 5 3,273 58,947
Cash at bank 77,858 11,876
81,131 70,823
CREDITORS
Amounts falling due within one year 6 50,936 42,082
NET CURRENT ASSETS 30,195 28,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,038

29,250

CREDITORS
Amounts falling due after more than one
year

7

30,072

32,859
NET ASSETS/(LIABILITIES) 966 (3,609 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 866 (3,709 )
SHAREHOLDERS' FUNDS 966 (3,609 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Get Velocity Limited (Registered number: 09420913)

Balance Sheet - continued
28 February 2023


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

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

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





G S Bridges - Director


Get Velocity Limited (Registered number: 09420913)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Get Velocity 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.

2. ACCOUNTING POLICIES

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

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Get Velocity Limited (Registered number: 09420913)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2022 1,479
Additions 615
At 28 February 2023 2,094
DEPRECIATION
At 1 March 2022 970
Charge for year 281
At 28 February 2023 1,251
NET BOOK VALUE
At 28 February 2023 843
At 28 February 2022 509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 3,273 58,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 3,869 3,683
Trade creditors 480 2,040
Taxation and social security 40,721 30,286
Other creditors 5,866 6,073
50,936 42,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 30,072 32,859

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,544 16,172

Get Velocity Limited (Registered number: 09420913)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100