Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31falsefalseNo description of principal activitytrue2022-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11false SC429146 2022-08-01 2023-07-31 SC429146 2021-08-01 2022-07-31 SC429146 2023-07-31 SC429146 2022-07-31 SC429146 c:Director1 2022-08-01 2023-07-31 SC429146 c:RegisteredOffice 2022-08-01 2023-07-31 SC429146 d:CurrentFinancialInstruments 2023-07-31 SC429146 d:CurrentFinancialInstruments 2022-07-31 SC429146 d:Non-currentFinancialInstruments 2023-07-31 SC429146 d:Non-currentFinancialInstruments 2022-07-31 SC429146 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC429146 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 SC429146 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC429146 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 SC429146 d:ShareCapital 2023-07-31 SC429146 d:ShareCapital 2022-07-31 SC429146 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC429146 d:RetainedEarningsAccumulatedLosses 2022-07-31 SC429146 c:OrdinaryShareClass1 2022-08-01 2023-07-31 SC429146 c:OrdinaryShareClass1 2023-07-31 SC429146 c:OrdinaryShareClass1 2022-07-31 SC429146 c:FRS102 2022-08-01 2023-07-31 SC429146 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC429146 c:FullAccounts 2022-08-01 2023-07-31 SC429146 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC429146 2 2022-08-01 2023-07-31 SC429146 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC429146










VERTEX (PRODUCTS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

 
VERTEX (PRODUCTS) LIMITED
 

COMPANY INFORMATION


Director
Mr A Dalglish 




Registered number
SC429146



Registered office
Sir William Smith Road
Kirkton Industrial Estate

Arbroath

DD11 3RD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
VERTEX (PRODUCTS) LIMITED
REGISTERED NUMBER: SC429146

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
142,382
142,382

Cash at bank and in hand
  
189
100

  
142,571
142,482

Creditors: amounts falling due within one year
  
(151,827)
(143,962)

Net current liabilities
  
 
 
(9,256)
 
 
(1,480)

Total assets less current liabilities
  
(9,256)
(1,480)

Creditors: amounts falling due after more than one year
 5 
(9,907)
(14,961)

  

Net liabilities
  
(19,163)
(16,441)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(19,263)
(16,541)

  
(19,163)
(16,441)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2024.




Mr A Dalglish
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1

 
VERTEX (PRODUCTS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Vertex (Products) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC429146. The registered office is Sir William Smith Road, Kirkton Industrial Estate, Arbroath, Angus, DD11 3RD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 July 2023 the Statement of Financial Position shows net liabilites. The company can only continue to operate with the support of the director, Mr A Dalglish, who has confirmed that he will financially support the company for the forseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
142,382
142,382

142,382
142,382


Page 2

 
VERTEX (PRODUCTS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,907
14,961

9,907
14,961


There are no securities held by the bank on the loan. The loan was received as part of the Bounce Back Loan Scheme (BBLS) and is guaranteed by the UK Government.


6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.Director's personal guarantees

The director has provided a personal guarantee of £75,000 for the bank overdraft. 


Page 3