IRIS Accounts Production v24.1.9.2 13006837 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130068372022-11-30130068372023-11-30130068372022-12-012023-11-30130068372021-11-30130068372021-12-012022-11-30130068372022-11-3013006837ns15:EnglandWales2022-12-012023-11-3013006837ns14:PoundSterling2022-12-012023-11-3013006837ns10:Director12022-12-012023-11-3013006837ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013006837ns10:SmallEntities2022-12-012023-11-3013006837ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013006837ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013006837ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013006837ns10:FullAccounts2022-12-012023-11-3013006837ns10:RegisteredOffice2022-12-012023-11-3013006837ns5:CurrentFinancialInstruments2023-11-3013006837ns5:CurrentFinancialInstruments2022-11-3013006837ns5:ShareCapital2023-11-3013006837ns5:ShareCapital2022-11-3013006837ns5:RetainedEarningsAccumulatedLosses2023-11-3013006837ns5:RetainedEarningsAccumulatedLosses2022-11-3013006837ns5:PlantMachinery2022-12-012023-11-3013006837ns5:MotorVehicles2022-12-012023-11-3013006837ns5:ComputerEquipment2022-12-012023-11-3013006837ns5:PlantMachinery2022-11-3013006837ns5:MotorVehicles2022-11-3013006837ns5:ComputerEquipment2022-11-3013006837ns5:PlantMachinery2023-11-3013006837ns5:MotorVehicles2023-11-3013006837ns5:ComputerEquipment2023-11-3013006837ns5:PlantMachinery2022-11-3013006837ns5:MotorVehicles2022-11-3013006837ns5:ComputerEquipment2022-11-3013006837ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013006837ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 13006837 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

VERTICAL RENOVATIONS LTD

VERTICAL RENOVATIONS LTD (REGISTERED NUMBER: 13006837)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTICAL RENOVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mrs G A C Bown





REGISTERED OFFICE: 107 High Street
Henlow
SG16 6AE





REGISTERED NUMBER: 13006837 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

VERTICAL RENOVATIONS LTD (REGISTERED NUMBER: 13006837)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,292 10,536

CURRENT ASSETS
Debtors 5 2,191 -
Cash at bank 4,403 -
6,594 -
CREDITORS
Amounts falling due within one year 6 10,439 12,488
NET CURRENT LIABILITIES (3,845 ) (12,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,447

(1,952

)

PROVISIONS FOR LIABILITIES 2,145 2,002
NET ASSETS/(LIABILITIES) 5,302 (3,954 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,202 (4,054 )
5,302 (3,954 )

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

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

The director acknowledges her 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.

VERTICAL RENOVATIONS LTD (REGISTERED NUMBER: 13006837)

BALANCE SHEET - continued
30TH 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 3rd August 2024 and were signed by:





Mrs G A C Bown - Director


VERTICAL RENOVATIONS LTD (REGISTERED NUMBER: 13006837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Vertical Renovations Ltd 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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VERTICAL RENOVATIONS LTD (REGISTERED NUMBER: 13006837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 954 13,200 1,819 15,973
Additions 3,340 - 2,450 5,790
Disposals (98 ) - (2,302 ) (2,400 )
At 30th November 2023 4,196 13,200 1,967 19,363
DEPRECIATION
At 1st December 2022 78 4,828 531 5,437
Charge for year 830 2,093 402 3,325
Eliminated on disposal - - (691 ) (691 )
At 30th November 2023 908 6,921 242 8,071
NET BOOK VALUE
At 30th November 2023 3,288 6,279 1,725 11,292
At 30th November 2022 876 8,372 1,288 10,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,191 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,972
Trade creditors 7,016 8,018
Taxation and social security 2,086 161
Other creditors 1,337 2,337
10,439 12,488