Company Registration No. 14027723 (England and Wales)
VERX NETWORK SERVICES LTD
Unaudited accounts
for the year ended 30 April 2024
VERX NETWORK SERVICES LTD
Unaudited accounts
Contents
VERX NETWORK SERVICES LTD
Company Information
for the year ended 30 April 2024
Directors
Georgia Luton
Lewis Miles
Company Number
14027723 (England and Wales)
Registered Office
Suite 10
Waterham Business Park
Highstreet Road, Hernhill
Faversham
Kent
ME13 9EJ
England
Accountants
Eco Accountancy Services Ltd
Suite 2074
Letraset Building
Wotton Road
TN23 6LN
VERX NETWORK SERVICES LTD
Statement of financial position
as at 30 April 2024
Called up share capital not paid
100
100
Tangible assets
13,941
34,187
Cash at bank and in hand
7,164
15,487
Creditors: amounts falling due within one year
(57,400)
(39,840)
Net current assets
41,123
92,605
Profit and loss account
55,164
126,892
Shareholders' funds
55,164
126,892
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
Lewis Miles
Director
Company Registration No. 14027723
VERX NETWORK SERVICES LTD
Notes to the Accounts
for the year ended 30 April 2024
VERX NETWORK SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 14027723. The registered office is Suite 10, Waterham Business Park, Highstreet Road, Hernhill, Faversham, Kent, ME13 9EJ, England.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
Straight line 33% per year
Motor vehicles
Straight line 25% per year
Computer equipment
Straight line 33% per year
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
3,643
32,733
4,902
41,278
Additions
857
8,083
974
9,914
Disposals
-
(32,425)
-
(32,425)
At 30 April 2024
4,500
8,391
5,876
18,767
At 1 May 2023
665
5,591
835
7,091
Charge for the year
1,184
8,744
1,547
11,475
On disposals
-
(13,740)
-
(13,740)
At 30 April 2024
1,849
595
2,382
4,826
At 30 April 2024
2,651
7,796
3,494
13,941
At 30 April 2023
2,978
27,142
4,067
34,187
VERX NETWORK SERVICES LTD
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
38,611
20,308
Other debtors
37,856
95,730
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
34,598
35,407
Other creditors
10,170
3,211
Loans from directors
7,363
1,222
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Average number of employees
During the year the average number of employees was 5 (2023: 2).