1 January 2023 false No description of principal activity Taxfiler 2024.5 SC465109business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC4651092022-12-31 SC4651092023-01-012023-12-31 SC465109business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC465109business:FilletedAccounts2023-01-012023-12-31 SC4651092023-12-31 SC465109business:Director12023-01-012023-12-31 SC465109business:RegisteredOffice2023-01-012023-12-31 SC4651092022-12-31 SC465109core:WithinOneYear2023-12-31 SC465109core:WithinOneYear2022-12-31 SC465109core:AfterOneYear2023-12-31 SC465109core:AfterOneYear2022-12-31 SC465109core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC465109core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC465109core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC465109core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC465109core:PreviouslyStatedAmount2023-12-31 SC465109core:PreviouslyStatedAmount2022-12-31 SC465109business:SmallEntities2023-01-012023-12-31 SC465109countries:Scotland2023-01-012023-12-31 SC465109core:ComputerEquipment2023-01-012023-12-31 SC465109core:ComputerEquipment2022-12-31 SC465109core:ComputerEquipment2023-12-31 SC4651092022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC465109 (Scotland)
VeryConnect Limited Unaudited accounts for the year ended 31 December 2023
VeryConnect Limited Unaudited accounts Contents
Page
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VeryConnect Limited Company Information for the year ended 31 December 2023
Director
K White
Company Number
SC465109 (Scotland)
Registered Office
74 Berkeley Street Glasgow G3 7DS
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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VeryConnect Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,807 
5,691 
Current assets
Debtors
129,379 
173,768 
Cash at bank and in hand
157,797 
208,318 
287,176 
382,086 
Creditors: amounts falling due within one year
(93,484)
(87,617)
Net current assets
193,692 
294,469 
Total assets less current liabilities
207,499 
300,160 
Creditors: amounts falling due after more than one year
(26,051)
(27,235)
Net assets
181,448 
272,925 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
181,446 
272,923 
Shareholders' funds
181,448 
272,925 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2024 and were signed on its behalf by
K White Director Company Registration No. SC465109
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VeryConnect Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VeryConnect Limited is a private company, limited by shares, registered in Scotland, registration number SC465109. The registered office is 74 Berkeley Street, Glasgow, G3 7DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales to external customers, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
11,279 
Additions
13,969 
At 31 December 2023
25,248 
Depreciation
At 1 January 2023
5,588 
Charge for the year
5,853 
At 31 December 2023
11,441 
Net book value
At 31 December 2023
13,807 
At 31 December 2022
5,691 
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VeryConnect Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
117,351 
168,768 
Amounts due from group undertakings etc.
11,397 
- 
Accrued income and prepayments
- 
5,000 
Other debtors
631 
- 
129,379 
173,768 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,089 
20,000 
VAT
22,691 
29,191 
Amounts owed to group undertakings and other participating interests
- 
1,100 
Taxes and social security
40,377 
23,104 
Other creditors
2,123 
2,110 
Loans from directors
17,204 
10,612 
Accruals
6,000 
1,500 
93,484 
87,617 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,051 
27,235 
8
Controlling party
The company is a wholly-owned subsidiary of Thegither Limited, with registered office at 74 Berkeley Street, Glasgow G3 7DS.
9
Average number of employees
During the year the average number of employees was 19 (2022: 17).
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