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REGISTERED NUMBER: 04448017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

VERTIGO SOLUTIONS LIMITED

VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTIGO SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M Shepherd
Mrs R Shepherd





SECRETARY: Mrs R Shepherd





REGISTERED OFFICE: The Old Corn Mill
Warwick Street
Longridge
Preston
Lancashire
PR3 3EB





REGISTERED NUMBER: 04448017 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 184,157 219,205
184,157 219,205

CURRENT ASSETS
Debtors 6 292,652 253,770
Cash at bank 42,683 93,319
335,335 347,089
CREDITORS
Amounts falling due within one year 7 109,119 107,930
NET CURRENT ASSETS 226,216 239,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,373

458,364

PROVISIONS FOR LIABILITIES 11,725 29,053
NET ASSETS 398,648 429,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 398,548 429,211
SHAREHOLDERS' FUNDS 398,648 429,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

BALANCE SHEET - continued
31ST MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2024 and were signed on its behalf by:





M Shepherd - Director


VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Vertigo Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Development costs
Software development costs are amortised over their useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 120,000 73,242 193,242
AMORTISATION
At 1st June 2023
and 31st May 2024 120,000 73,242 193,242
NET BOOK VALUE
At 31st May 2024 - - -
At 31st May 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 353,462
Additions 14,692
At 31st May 2024 368,154
DEPRECIATION
At 1st June 2023 134,257
Charge for year 49,740
At 31st May 2024 183,997
NET BOOK VALUE
At 31st May 2024 184,157
At 31st May 2023 219,205

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 85,096 123,583
Amounts owed by group undertakings 127,291 38,175
Other debtors 80,265 92,012
292,652 253,770

VERTIGO SOLUTIONS LIMITED (REGISTERED NUMBER: 04448017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 34,999 32,421
Taxation and social security 58,083 73,358
Other creditors 16,037 2,151
109,119 107,930

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
M Shepherd and Mrs R Shepherd
Balance outstanding at start of year 60,939 44,307
Amounts advanced 169,569 179,432
Amounts repaid (165,249 ) (162,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,259 60,939