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REGISTERED NUMBER: 10426671















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

VERTIGO VR LIMITED

VERTIGO VR LIMITED (REGISTERED NUMBER: 10426671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERTIGO VR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: A Lurie





REGISTERED OFFICE: 40 Woodfall Avenue
Barnet
Hertfordshire
EN5 2HA





REGISTERED NUMBER: 10426671





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

VERTIGO VR LIMITED (REGISTERED NUMBER: 10426671)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 48,779 63,686

CURRENT ASSETS
Debtors 5 47,633 52,733
Cash at bank 6,688 19,109
54,321 71,842
CREDITORS
Amounts falling due within one year 6 191,656 152,857
NET CURRENT LIABILITIES (137,335 ) (81,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,556

)

(17,329

)

CREDITORS
Amounts falling due after more than one
year

7

109,076

131,600
NET LIABILITIES (197,632 ) (148,929 )

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 50,000 50,000
Retained earnings (247,634 ) (198,931 )
(197,632 ) (148,929 )

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

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

The director acknowledges his 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 VR LIMITED (REGISTERED NUMBER: 10426671)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 22 November 2024 and were signed by:





A Lurie - Director


VERTIGO VR LIMITED (REGISTERED NUMBER: 10426671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Vertigo VR Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.

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 10 (2023 - 12 ) .

VERTIGO VR LIMITED (REGISTERED NUMBER: 10426671)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 November 2023 130,497 9,963 84,006 224,466
Additions - - 1,250 1,250
At 31 October 2024 130,497 9,963 85,256 225,716
DEPRECIATION
At 1 November 2023 107,951 6,925 45,904 160,780
Charge for year 5,637 760 9,760 16,157
At 31 October 2024 113,588 7,685 55,664 176,937
NET BOOK VALUE
At 31 October 2024 16,909 2,278 29,592 48,779
At 31 October 2023 22,546 3,038 38,102 63,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 47,633 52,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 17,703 18,916
Trade creditors 2,527 9,010
Taxation and social security 11,106 11,454
Other creditors 160,320 113,477
191,656 152,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 45,498 59,022
Other creditors 63,578 72,578
109,076 131,600