IRIS Accounts Production v24.2.0.383 11198383 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111983832022-11-30111983832023-11-30111983832022-12-012023-11-30111983832021-11-30111983832021-12-012022-11-30111983832022-11-3011198383ns15:EnglandWales2022-12-012023-11-3011198383ns14:PoundSterling2022-12-012023-11-3011198383ns10:Director12022-12-012023-11-3011198383ns10:Director22022-12-012023-11-3011198383ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011198383ns10:SmallEntities2022-12-012023-11-3011198383ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011198383ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011198383ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011198383ns10:FullAccounts2022-12-012023-11-301119838312022-12-012023-11-3011198383ns10:OrdinaryShareClass12022-12-012023-11-3011198383ns10:RegisteredOffice2022-12-012023-11-3011198383ns5:CurrentFinancialInstruments2023-11-3011198383ns5:CurrentFinancialInstruments2022-11-3011198383ns5:ShareCapital2023-11-3011198383ns5:ShareCapital2022-11-3011198383ns5:RetainedEarningsAccumulatedLosses2023-11-3011198383ns5:RetainedEarningsAccumulatedLosses2022-11-3011198383ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011198383ns5:ComputerSoftware2022-12-012023-11-3011198383ns5:FurnitureFittings2022-12-012023-11-3011198383ns5:ComputerEquipment2022-12-012023-11-3011198383ns5:IntangibleAssetsOtherThanGoodwill2022-11-3011198383ns5:IntangibleAssetsOtherThanGoodwill2023-11-3011198383ns5:IntangibleAssetsOtherThanGoodwill2022-11-3011198383ns5:PlantMachinery2022-11-3011198383ns5:PlantMachinery2022-12-012023-11-3011198383ns5:PlantMachinery2023-11-3011198383ns5:PlantMachinery2022-11-3011198383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011198383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011198383ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 11198383 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Verto Technology Services Limited

Verto Technology Services Limited (Registered number: 11198383)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Verto Technology Services Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr H J Davies
Mr J Long





REGISTERED OFFICE: 14 Queensbridge
Northampton
Northamptonshire
NN4 7BF





REGISTERED NUMBER: 11198383 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Verto Technology Services Limited (Registered number: 11198383)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 33,136 16,489
33,136 16,489

CURRENT ASSETS
Debtors 6 89,299 56,065
Cash at bank 196,840 200,460
286,139 256,525
CREDITORS
Amounts falling due within one year 7 100,967 102,029
NET CURRENT ASSETS 185,172 154,496
TOTAL ASSETS LESS CURRENT LIABILITIES 218,308 170,985

PROVISIONS FOR LIABILITIES 8,284 3,133
NET ASSETS 210,024 167,852

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 209,924 167,752
SHAREHOLDERS' FUNDS 210,024 167,852

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

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

Verto Technology Services Limited (Registered number: 11198383)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




Mr H J Davies - Director



Mr J Long - Director


Verto Technology Services Limited (Registered number: 11198383)

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

1. STATUTORY INFORMATION

Verto Technology Services 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.

Turnover
Revenue 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.

Franchise fee is being amortised evenly over its estimated useful life of five 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 - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Verto Technology Services Limited (Registered number: 11198383)

Notes to the Financial Statements - continued
for the Year Ended 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 year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 6,000
AMORTISATION
At 1 December 2022
and 30 November 2023 6,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2022 24,394
Additions 23,932
At 30 November 2023 48,326
DEPRECIATION
At 1 December 2022 7,905
Charge for year 7,285
At 30 November 2023 15,190
NET BOOK VALUE
At 30 November 2023 33,136
At 30 November 2022 16,489

Verto Technology Services Limited (Registered number: 11198383)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,946 55,177
Other debtors 888 888
Directors' current accounts 39,465 -
89,299 56,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,323 1,661
Tax 73,113 60,759
Social security and other taxes 2,010 1,355
VAT 20,506 30,622
Other creditors 595 389
Directors' current accounts - 4,993
Accrued expenses 2,420 2,250
100,967 102,029

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100