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REGISTERED NUMBER: 07955707 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Varo Consulting Ltd

Varo Consulting Ltd (Registered number: 07955707)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Varo Consulting Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Navarro Garcia





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 07955707 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Varo Consulting Ltd (Registered number: 07955707)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,324 28,781
Investment property 5 250,000 184,074
273,324 212,855

CURRENT ASSETS
Debtors 6 390,886 252,651
Cash at bank 438,246 227,491
829,132 480,142
CREDITORS
Amounts falling due within one year 7 299,009 191,676
NET CURRENT ASSETS 530,123 288,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

803,447

501,321

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 803,446 501,320
SHAREHOLDERS' FUNDS 803,447 501,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 30 November 2024 and were signed by:




R Navarro Garcia - Director


Varo Consulting Ltd (Registered number: 07955707)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Varo Consulting Ltd 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% on cost, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Varo Consulting Ltd (Registered number: 07955707)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 45,901
Additions 1,824
Disposals 811
At 29 February 2024 48,536
DEPRECIATION
At 1 March 2023 17,120
Charge for year 8,092
At 29 February 2024 25,212
NET BOOK VALUE
At 29 February 2024 23,324
At 28 February 2023 28,781

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 184,074
Revaluations 65,926
At 29 February 2024 250,000
NET BOOK VALUE
At 29 February 2024 250,000
At 28 February 2023 184,074

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2018 (52,063 )
Valuation in 2019 (5,327 )
Valuation in 2020 (237 )
Valuation in 2021 2,132
Valuation in 2022 (6,468 )
Valuation in 2024 65,926
Cost 246,037
250,000

Varo Consulting Ltd (Registered number: 07955707)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 246,037 246,037

Investment property was valued on a fair value basis on 29 February 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 140,952 164,268
Other debtors 249,934 88,383
390,886 252,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,579 1,545
Taxation and social security 293,296 186,863
Other creditors 4,134 3,268
299,009 191,676

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R Navarro Garcia
Balance outstanding at start of year 52,228 38,698
Amounts advanced 230,585 105,784
Amounts repaid (78,859 ) (92,254 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203,954 52,228