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REGISTERED NUMBER: 12656779 (England and Wales)












VERGO HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023






VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERGO HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023







DIRECTOR: T A Gover





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 12656779 (England and Wales)

VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

BALANCE SHEET
30 NOVEMBER 2023

2023 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 3,992 2,489
Investments 5 871,622 419,372
875,614 421,861

CURRENT ASSETS
Debtors 6 69,000 69,900
Cash at bank 459,660 296,966
528,660 366,866
CREDITORS
Amounts falling due within one year 7 (848,423 ) (351,407 )
NET CURRENT (LIABILITIES)/ASSETS (319,763 ) 15,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

555,851

437,320

PROVISIONS FOR LIABILITIES (998 ) (622 )
NET ASSETS 554,853 436,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 554,753 436,598
554,853 436,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

BALANCE SHEET - continued
30 NOVEMBER 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 9 February 2024 and were signed by:





T A Gover - Director


VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Vergo Holdings 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% Reducing balance
Computer equipment - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 June 2023 1,556 1,864 3,420
Additions 1,057 863 1,920
At 30 November 2023 2,613 2,727 5,340
DEPRECIATION
At 1 June 2023 494 437 931
Charge for period 216 201 417
At 30 November 2023 710 638 1,348
NET BOOK VALUE
At 30 November 2023 1,903 2,089 3,992
At 31 May 2023 1,062 1,427 2,489

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2023 419,372
Additions 452,250
At 30 November 2023 871,622
NET BOOK VALUE
At 30 November 2023 871,622
At 31 May 2023 419,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£ £
Trade debtors 69,000 69,900

VERGO HOLDINGS LIMITED (REGISTERED NUMBER: 12656779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£ £
Amounts owed to group undertakings 289,590 229,921
Taxation and social security 66,856 77,156
Other creditors 491,977 44,330
848,423 351,407