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REGISTERED NUMBER: 12586574 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Velo Projects Limited

Velo Projects Limited (Registered number: 12586574)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Velo Projects Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C S Sedgebear
Miss D M Wilkes





REGISTERED OFFICE: Suite 2A
Blackthorn House
St Pauls Square
Birmingham
B3 1RL





REGISTERED NUMBER: 12586574 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Velo Projects Limited (Registered number: 12586574)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 599 865

CURRENT ASSETS
Debtors 5 22,914 16,786
Cash at bank and in hand 179,176 143,260
202,090 160,046
CREDITORS
Amounts falling due within one year 6 69,596 74,598
NET CURRENT ASSETS 132,494 85,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,093

86,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,993 86,213
133,093 86,313

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.

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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





C S Sedgebear - Director


Velo Projects Limited (Registered number: 12586574)

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

1. STATUTORY INFORMATION

Velo Projects 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 represents sales of services excluding value added tax and is recognised in the period in which the services were provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings and equipment- 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 - 1,297 1,297
Additions 249 - 249
At 30 November 2023 249 1,297 1,546
DEPRECIATION
At 1 December 2022 - 432 432
Charge for year 83 432 515
At 30 November 2023 83 864 947
NET BOOK VALUE
At 30 November 2023 166 433 599
At 30 November 2022 - 865 865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,040 16,200
Other debtors 5,250 -
Prepayments 624 586
22,914 16,786

Velo Projects Limited (Registered number: 12586574)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 201 150
Tax 34,939 30,832
Social security and other taxes 12,307 13,735
Directors' current accounts 20,698 28,403
Accrued expenses 1,451 1,478
69,596 74,598