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REGISTERED NUMBER: 05574225 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

VERITY LONDON LIMITED

VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERITY LONDON LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Ms K M Benveniste
Mrs D Sobel





SECRETARY: Mrs D Sobel





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05574225 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,103 6,215
6,103 6,215

CURRENT ASSETS
Debtors 6 68,138 140,356
Cash at bank - 15,977
68,138 156,333
CREDITORS
Amounts falling due within one year 7 199,673 124,151
NET CURRENT (LIABILITIES)/ASSETS (131,535 ) 32,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

(125,432

)

38,397

CREDITORS
Amounts falling due after more than one year 8 (111,600 ) (31,667 )

PROVISIONS FOR LIABILITIES 9 - (128 )
NET (LIABILITIES)/ASSETS (237,032 ) 6,602

CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Retained earnings (238,034 ) 5,600
SHAREHOLDERS' FUNDS (237,032 ) 6,602

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Ms K M Benveniste - Director


VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Verity London 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of two years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 13 ).

4. INTANGIBLE FIXED ASSETS
Developm
costs
£   
COST
At 1 October 2022
and 30 September 2023 19,528
AMORTISATION
At 1 October 2022
and 30 September 2023 19,528
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 849 9,910 10,759
Additions - 1,922 1,922
At 30 September 2023 849 11,832 12,681
DEPRECIATION
At 1 October 2022 773 3,771 4,544
Charge for year 19 2,015 2,034
At 30 September 2023 792 5,786 6,578
NET BOOK VALUE
At 30 September 2023 57 6,046 6,103
At 30 September 2022 76 6,139 6,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 47,205 100,774
Other debtors 10,752 10,752
Prepayments and accrued income 10,181 28,830
68,138 140,356

VERITY LONDON LIMITED (REGISTERED NUMBER: 05574225)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 60,621 10,000
Trade creditors 75,366 46,972
Tax (4,178 ) 20,933
Social security and other taxes 9,542 6,298
VAT 4,118 16,700
Other creditors 2,349 19,381
Directors' current accounts 50,388 -
Accruals and deferred income 1,467 3,867
199,673 124,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 28,021 10,000
Bank loans - 2-5 years 83,579 21,667
111,600 31,667

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax - 128

Deferred
tax
£   
Balance at 1 October 2022 128
Balance at 30 September 2023 128

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
500 A Ordinary £1 500 500
500 B Ordinary £1 500 500
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1,002 1,002

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors were owed £50,388 (2022: £nil) by the company.