Company Registration No. SC465109 (Scotland)
VeryConnect Limited
Unaudited accounts
for the year ended 31 December 2023
VeryConnect Limited
Unaudited accounts
Contents
VeryConnect Limited
Company Information
for the year ended 31 December 2023
Company Number
SC465109 (Scotland)
Registered Office
74 Berkeley Street
Glasgow
G3 7DS
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
VeryConnect Limited
Statement of financial position
as at 31 December 2023
Tangible assets
13,807
5,691
Cash at bank and in hand
157,797
208,318
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
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
VeryConnect Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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
At 31 December 2023
25,248
At 31 December 2023
11,441
At 31 December 2023
13,807
VeryConnect Limited
Notes to the Accounts
for the year ended 31 December 2023
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,089
20,000
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).