VELOCITY BRAND MANAGEMENT LIMITED

Company Registration Number:
06110809 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

VELOCITY BRAND MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6

VELOCITY BRAND MANAGEMENT LIMITED

Company Information

for the Period Ended 29 February 2024




Director: James Ashworth
Registered office: 167-169
Great Portland Street
5th Floor
London
England
W1W 5PF
Company Registration Number: 06110809 (England and Wales)

VELOCITY BRAND MANAGEMENT LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 312 58
Total current assets: 312 58
Creditors: amounts falling due within one year: ( 9,752 ) ( 8,872 )
Net current assets (liabilities): ( 9,440 ) ( 8,814 )
Total assets less current liabilities: ( 9,440 ) ( 8,814 )
Total net assets (liabilities): ( 9,440 ) ( 8,814 )

The notes form part of these financial statements

VELOCITY BRAND MANAGEMENT LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 9,441 ) ( 8,815 )
Shareholders funds: ( 9,440 ) ( 8,814 )

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 November 2024
And Signed On Behalf Of The Board By:

Name: James Ashworth
Status: Director

The notes form part of these financial statements

VELOCITY BRAND MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates,
    value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
    Rendering of services
    Revenue from a contract to provide services is recognised in the period in which the services are provided in
    accordance with the stage of completion of the contract when all of the following conditions are satisfied:
    - the amount of revenue can be measured reliably;
    - it is probable that the Company will receive the consideration due under the contract; and
    - the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at historical cost or valuation less accumulated depreciation. Depreciation is
    provided at rates calculated to write the cost or valuation less residual value of each asset over its expected life
    as follows:-
    - Fixtures, Fittings and Equipment - 3 years straight line

VELOCITY BRAND MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

VELOCITY BRAND MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No