REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
FOR |
VERCEL UK LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
FOR |
VERCEL UK LTD |
VERCEL UK LTD (REGISTERED NUMBER: 15286209) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
VERCEL UK LTD |
COMPANY INFORMATION |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
VERCEL UK LTD (REGISTERED NUMBER: 15286209) |
BALANCE SHEET |
31 JANUARY 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
VERCEL UK LTD (REGISTERED NUMBER: 15286209) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Vercel UK Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has continued financial support as needed from the parent company to provide working capital to meet liabilities when they fall due. The directors have sought and received assurances from the parent company that financial support will be forthcoming for the next 12 months. Having regard to the above, and in assessing the going concern, the directors have confirmed that continued financial support will be provided for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
Debtors |
Short term debtors are measured at transaction price, less an impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |
VERCEL UK LTD (REGISTERED NUMBER: 15286209) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 NOVEMBER 2023 TO 31 JANUARY 2024 |
6. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
7. | ULTIMATE CONTROLLING PARTY |
The company is a wholly-owned subsidiary of Vercel, Inc., a company incorporated in the United States of America. |
The smallest group in which the results of the company are consolidated is that headed by Vercel, Inc., with its registered office at 440 N Barranca Ave #4133, Covina, CA, United States, 91723. |