Registered number: 07503138 | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
Prepared By: | ||||||||
Euro Accounting Ltd | ||||||||
25 Station Road | ||||||||
Birmingham | ||||||||
B14 7SR |
VERCIDA LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07503138 | ||||||||
ACCOUNTANTS | ||||||||
Euro Accounting Ltd | ||||||||
25 Station Road | ||||||||
Birmingham | ||||||||
B14 7SR |
VERCIDA LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/01/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
VERCIDA LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
272,179 | 819,056 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 1,128 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 209,543 | 207,312 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Capital redemption reserve | 10 | |||||||||
Profit and loss account | (139,391) | (68,252) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
VERCIDA LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | straight line 33% | |||||||
Motor Cars | reducing balance 20% |
1c. Intangible Assets | ||||||||
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Goodwill | ||||||||
VERCIDA LIMITED | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 13 | |||||
3. INTANGIBLE FIXED ASSETS | ||||||
Development | Purchased | |||||
Costs | Goodwill | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/02/2023 | 427,689 | 24,400 | 452,089 | |||
Additions | 89,523 | - | 89,523 | |||
At 31/01/2024 | 517,212 | 24,400 | 541,612 | |||
Depreciation | ||||||
At 01/02/2023 | 308,840 | 24,400 | 333,240 | |||
For the year | 94,558 | - | 94,558 | |||
At 31/01/2024 | 403,398 | 24,400 | 427,798 | |||
Net Book Amounts | ||||||
At 31/01/2024 | ||||||
At 31/01/2023 | ||||||
4. TANGIBLE FIXED ASSETS | ||||||||
Fixtures | ||||||||
and Fittings | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/02/2023 | 6,128 | 16,533 | 79,125 | 101,786 | ||||
Additions | - | 2,249 | - | 2,249 | ||||
At 31/01/2024 | 6,128 | 18,782 | 79,125 | 104,035 | ||||
Depreciation | ||||||||
At 01/02/2023 | 6,128 | 14,750 | 27,540 | 48,418 | ||||
For the year | - | 2,050 | 10,317 | 12,367 | ||||
At 31/01/2024 | 6,128 | 16,800 | 37,857 | 60,785 | ||||
Net Book Amounts | ||||||||
At 31/01/2024 | 43,250 | |||||||
At 31/01/2023 | 53,368 | |||||||
VERCIDA LIMITED | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 128,017 | 223,680 | ||||||
Other debtors | - | 143,851 | ||||||
Prepayments | 5,187 | 4,243 | ||||||
133,204 | 371,774 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | - | 156,473 | ||||||
VAT | 43,101 | 120,970 | ||||||
PAYE control | 16,578 | 279,263 | ||||||
Directors current account - Morgan Lobb | 83,453 | 28,173 | ||||||
Pension Payable | 1,402 | 1,959 | ||||||
Trade creditors | 32,420 | 44,767 | ||||||
Loan | 79,108 | 61,000 | ||||||
Deferred Income | 74,229 | 113,876 | ||||||
Hire Purchase <1yr | 11,447 | 11,447 | ||||||
341,738 | 817,928 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loan | 161,796 | 147,416 | ||||||
Loan from Employees | - | 702 | ||||||
Hire Purchase >1yr | 47,747 | 59,194 | ||||||
209,543 | 207,312 | |||||||
VERCIDA LIMITED | ||||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 17,253 | 34,185 | ||||||
17,253 | 34,185 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
60 | 60 | |||||||
10 | 10 | |||||||
70 | 70 | |||||||
10. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Capital redemption reserve | 30 | 30 | ||||
30 | 30 | |||||