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Registered Number: 14221980
England and Wales

 

 

 

VERACIT TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Cash at bank and in hand 11,390    120 
Creditors: amount falling due within one year (4,370)  
Net current assets 7,020    120 
 
Total assets less current liabilities 7,020    120 
Net assets 7,020    120 
 

Capital and reserves
     
Called up share capital 3 120    120 
Profit and loss account 6,900   
Shareholders' funds 7,020    120 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 07 November 2024 and were signed on its behalf by:


-------------------------------
KUPPAMUTHU Alagarsamy
Director
1
General Information
VERACIT TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 14221980, registration address 124 CITY ROAD, LONDON ENGLAND, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Share Capital

Authorised
120 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
120 Class A shares of £1.00 each 120    120 
120    120 

2