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REGISTERED NUMBER: 10636452 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vernocity Group Limited

Vernocity Group Limited (Registered number: 10636452)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vernocity Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S M Sponder





SECRETARY:





REGISTERED OFFICE: El Solimar Albert Road
Hedge End
Southampton
Hampshire
SO30 0DJ





REGISTERED NUMBER: 10636452 (England and Wales)





ACCOUNTANTS: Tempus Tax Ltd
Netley House
Shere Road
Gomshall
Guildford
Surrey
GU5 9QA

Vernocity Group Limited (Registered number: 10636452)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,541 717
Investments 5 22,495 30,718
24,036 31,435

CURRENT ASSETS
Cash at bank 1,514 4,613

CREDITORS
Amounts falling due within one year 6 1,448 1,450
NET CURRENT ASSETS 66 3,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,102

34,598

CREDITORS
Amounts falling due after more than one
year

7

(10,247

)

(10,299

)

PROVISIONS FOR LIABILITIES (818 ) (818 )
NET ASSETS 13,037 23,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,937 23,381
13,037 23,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Vernocity Group Limited (Registered number: 10636452)

Balance Sheet - continued
31 March 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 27 November 2024 and were signed by:





S M Sponder - Director


Vernocity Group Limited (Registered number: 10636452)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vernocity Group 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 as modified by the revaluation of certain assets.

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 - 33.33% on cost and 25% on cost

Financial instruments
Fixed asset investments are included in the financial statements at fair value.
Gains or losses on these investments are recognised in the profit and loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Vernocity Group Limited (Registered number: 10636452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,413
Additions 1,987
At 31 March 2024 14,400
DEPRECIATION
At 1 April 2023 11,696
Charge for year 1,163
At 31 March 2024 12,859
NET BOOK VALUE
At 31 March 2024 1,541
At 31 March 2023 717

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 30,718
Additions 3,828
Disposals (12,051 )
At 31 March 2024 22,495
NET BOOK VALUE
At 31 March 2024 22,495
At 31 March 2023 30,718

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 (4,282 )
Valuation in 2024 (8,223 )
Cost 35,000
22,495

Vernocity Group Limited (Registered number: 10636452)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (2 ) -
Other creditors 1,450 1,450
1,448 1,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 10,247 10,299