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Registered number: 07503138

VERCIDA LIMITED

ACCOUNTS
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
Morgan Charles Lobb
REGISTERED OFFICE
25 Station Road
Kings Heath
Birmingham
B14 7SR
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 Sheet3
Notes To The Accounts4
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 31/01/2024
20242023
Notes££
FIXED ASSETS
Intangible assets3113,814118,849
Tangible assets443,25053,368
157,064172,217
CURRENT ASSETS
Debtors5133,204371,774
Cash at bank and in hand138,975447,282
272,179819,056
CREDITORS: Amounts falling due within one year6341,738817,928
NET CURRENT (LIABILITIES) / ASSETS(69,559)1,128
TOTAL ASSETS LESS CURRENT LIABILITIES87,505173,345
CREDITORS: Amounts falling due after more than one year7209,543207,312
PROVISIONS FOR LIABILITIES AND CHARGES817,25334,185
NET LIABILITIES(139,291)(68,152)
CAPITAL AND RESERVES
Called up share capital97070
Capital redemption reserve103030
Profit and loss account(139,391)(68,252)
SHAREHOLDERS' FUNDS(139,291)(68,152)
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/03/2024 and signed on their behalf by
.............................
Morgan Charles Lobb
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 33%
Motor Carsreducing balance 20%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
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
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

VERCIDA LIMITED

2. EMPLOYEES
20242023
No.No.
Average number of employees1313
3. INTANGIBLE FIXED ASSETS
DevelopmentPurchased
CostsGoodwillTotal
£££
Cost
At 01/02/2023427,68924,400452,089
Additions89,523-89,523
At 31/01/2024517,21224,400541,612
Depreciation
At 01/02/2023308,84024,400333,240
For the year94,558-94,558
At 31/01/2024403,39824,400427,798
Net Book Amounts
At 31/01/2024113,814-113,814
At 31/01/2023118,849-118,849
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/02/20236,12816,53379,125101,786
Additions-2,249-2,249
At 31/01/20246,12818,78279,125104,035
Depreciation
At 01/02/20236,12814,75027,54048,418
For the year-2,05010,31712,367
At 31/01/20246,12816,80037,85760,785
Net Book Amounts
At 31/01/2024-1,98241,26843,250
At 31/01/2023-1,78351,58553,368

VERCIDA LIMITED

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors128,017223,680
Other debtors-143,851
Prepayments5,1874,243
133,204371,774
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-156,473
VAT43,101120,970
PAYE control16,578279,263
Directors current account - Morgan Lobb83,45328,173
Pension Payable1,4021,959
Trade creditors32,42044,767
Loan79,10861,000
Deferred Income74,229113,876
Hire Purchase <1yr11,44711,447
341,738817,928
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loan161,796147,416
Loan from Employees-702
Hire Purchase >1yr47,74759,194
209,543207,312

VERCIDA LIMITED

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation17,25334,185
17,25334,185
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
60 Ordinary A shares of £1 each6060
10 Ordinary C shares of £1 each1010
7070
10. OTHER RESERVES 20242023
££
Capital redemption reserve3030
3030