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Company Registration No. 14013149 (England and Wales)
Verito Operations And Risk Ltd Unaudited accounts for the year ended 31 March 2024
Verito Operations And Risk Ltd Unaudited accounts Contents
Page
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Verito Operations And Risk Ltd Company Information for the year ended 31 March 2024
Director
Michael Monteith
Company Number
14013149 (England and Wales)
Registered Office
LYTCHETT HOUSE, 13 FREELAND PARK WAREHAM LYTCHETT MATRAVERS POOLE BH16 6FA ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Verito Operations And Risk Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,069 
1,444 
Current assets
Cash at bank and in hand
422 
1,754 
Creditors: amounts falling due within one year
(1,113)
(2,265)
Net current liabilities
(691)
(511)
Net assets
378 
933 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
376 
931 
Shareholders' funds
378 
933 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2024 and were signed on its behalf by
Michael Monteith Director Company Registration No. 14013149
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Verito Operations And Risk Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Verito Operations And Risk Ltd is a private company, limited by shares, registered in England and Wales, registration number 14013149. The registered office is LYTCHETT HOUSE, 13 FREELAND PARK WAREHAM, LYTCHETT MATRAVERS, POOLE, BH16 6FA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,500 
At 31 March 2024
1,500 
Depreciation
At 1 April 2023
56 
Charge for the year
375 
At 31 March 2024
431 
Net book value
At 31 March 2024
1,069 
At 31 March 2023
1,444 
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Verito Operations And Risk Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
292 
1,697 
Other creditors
- 
(263)
Loans from directors
462 
310 
Accruals
359 
521 
1,113 
2,265 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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