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REGISTERED NUMBER: 09647333 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Veriflo Limited

Veriflo Limited (Registered number: 09647333)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Veriflo Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr N Scott
Mrs K Scott





REGISTERED OFFICE: Room 1.02 Nfu Building
East Malling Research Centre
New Road
East Malling
Kent
ME19 6BJ





REGISTERED NUMBER: 09647333 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Veriflo Limited (Registered number: 09647333)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,628 311,066

CURRENT ASSETS
Debtors 5 1,915,853 1,084,878
Cash at bank 1,587,650 1,448,268
3,503,503 2,533,146
CREDITORS
Amounts falling due within one year 6 768,329 747,111
NET CURRENT ASSETS 2,735,174 1,786,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,098,802

2,097,101

CREDITORS
Amounts falling due after more than one year 7 (197,674 ) (194,885 )

PROVISIONS FOR LIABILITIES (85,118 ) -
NET ASSETS 2,816,010 1,902,216

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,815,910 1,902,116
2,816,010 1,902,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Veriflo Limited (Registered number: 09647333)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:




Mr N Scott - Director



Mrs K Scott - Director


Veriflo Limited (Registered number: 09647333)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Veriflo 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 17,107 - 415,078 29,113 461,298
Additions 28,508 625 117,702 4,849 151,684
Disposals - - - (6,871 ) (6,871 )
At 30 June 2024 45,615 625 532,780 27,091 606,111
DEPRECIATION
At 1 July 2023 5,940 - 130,903 13,389 150,232
Charge for year 6,235 130 85,330 4,108 95,803
Eliminated on disposal - - - (3,552 ) (3,552 )
At 30 June 2024 12,175 130 216,233 13,945 242,483
NET BOOK VALUE
At 30 June 2024 33,440 495 316,547 13,146 363,628
At 30 June 2023 11,167 - 284,175 15,724 311,066

Veriflo Limited (Registered number: 09647333)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,410,960 1,072,463
Other debtors 504,893 12,415
1,915,853 1,084,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 92,297 53,167
Trade creditors 76,242 57,342
Taxation and social security 582,858 360,286
Other creditors 16,932 276,316
768,329 747,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 197,674 194,885

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £17,185.42