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REGISTERED NUMBER: 12788422 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

VERTEX ASSOCIATES LIMITED

VERTEX ASSOCIATES LIMITED (REGISTERED NUMBER: 12788422)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTEX ASSOCIATES LIMITED

Company Information
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mr D Calcott
Ms J L Gent
Mr V M Solanki
Mr R T Bishop





REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT





REGISTERED NUMBER: 12788422 (England and Wales)





ACCOUNTANTS: Total Back Office Solutions Limited
4th Floor Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

VERTEX ASSOCIATES LIMITED (REGISTERED NUMBER: 12788422)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,238 5,293

CURRENT ASSETS
Debtors 5 255,909 156,412
Cash at bank and in hand 172,566 181,944
428,475 338,356
CREDITORS
Amounts falling due within one year 6 (182,468 ) (153,861 )
NET CURRENT ASSETS 246,007 184,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,245

189,788

PROVISIONS FOR LIABILITIES (805 ) (1,006 )
NET ASSETS 249,440 188,782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 249,340 188,682
249,440 188,782

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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.

VERTEX ASSOCIATES LIMITED (REGISTERED NUMBER: 12788422)

Balance Sheet - continued
31 December 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 15 August 2024 and were signed on its behalf by:




Mr V M Solanki - Director Mr R T Bishop - Director




Ms J L Gent - Director Mr D Calcott - Director


VERTEX ASSOCIATES LIMITED (REGISTERED NUMBER: 12788422)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

Vertex Associates 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
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.
Computer equipment - 25% on reducing balance

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 14 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 9,116
Additions 2,169
At 31 December 2023 11,285
DEPRECIATION
At 1 January 2023 3,823
Charge for year 3,224
At 31 December 2023 7,047
NET BOOK VALUE
At 31 December 2023 4,238
At 31 December 2022 5,293

VERTEX ASSOCIATES LIMITED (REGISTERED NUMBER: 12788422)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,839 123,709
Other debtors 158,070 32,077
Directors' current accounts - 626
255,909 156,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,014 (765 )
Corporation Tax 79,446 73,085
PAYE/NI 6,609 5,020
VAT 63,683 63,745
Other Creditors 20,342 10,569
Directors' current accounts 10,374 2,207
182,468 153,861