IRIS Accounts Production v24.3.0.553 02152355 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021523552023-07-31021523552024-07-31021523552023-08-012024-07-31021523552022-07-31021523552022-08-012023-07-31021523552023-07-3102152355ns15:EnglandWales2023-08-012024-07-3102152355ns14:PoundSterling2023-08-012024-07-3102152355ns10:Director12023-08-012024-07-3102152355ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102152355ns10:SmallEntities2023-08-012024-07-3102152355ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3102152355ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102152355ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102152355ns10:FullAccounts2023-08-012024-07-3102152355ns10:OrdinaryShareClass12023-08-012024-07-3102152355ns10:Director22023-08-012024-07-3102152355ns10:CompanySecretary12023-08-012024-07-3102152355ns10:RegisteredOffice2023-08-012024-07-3102152355ns5:CurrentFinancialInstruments2024-07-3102152355ns5:CurrentFinancialInstruments2023-07-3102152355ns5:ShareCapital2024-07-3102152355ns5:ShareCapital2023-07-3102152355ns5:RetainedEarningsAccumulatedLosses2024-07-3102152355ns5:RetainedEarningsAccumulatedLosses2023-07-3102152355ns5:FurnitureFittings2023-08-012024-07-3102152355ns5:MotorVehicles2023-08-012024-07-3102152355ns5:FurnitureFittings2023-07-3102152355ns5:MotorVehicles2023-07-3102152355ns5:FurnitureFittings2024-07-3102152355ns5:MotorVehicles2024-07-3102152355ns5:FurnitureFittings2023-07-3102152355ns5:MotorVehicles2023-07-3102152355ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3102152355ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3102152355ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 02152355 (England and Wales)















VERMA ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






VERMA ENTERPRISES LIMITED (REGISTERED NUMBER: 02152355)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VERMA ENTERPRISES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTORS: Mr S P Verma
Mrs R Verma





SECRETARY: Mrs R Verma





REGISTERED OFFICE: Unit D
Eagle Trading Estate
Eagle Street
Wolverhampton
West Midlands
WV2 2AQ





REGISTERED NUMBER: 02152355 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

VERMA ENTERPRISES LIMITED (REGISTERED NUMBER: 02152355)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,979 20,721

CURRENT ASSETS
Stocks 5 10,000 6,710
Debtors 6 23,945 31,964
Cash at bank and in hand 203,294 183,317
237,239 221,991
CREDITORS
Amounts falling due within one year 7 79,702 90,592
NET CURRENT ASSETS 157,537 131,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,516

152,120

PROVISIONS FOR LIABILITIES 3,226 -
NET ASSETS 171,290 152,120

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 170,290 151,120
SHAREHOLDERS' FUNDS 171,290 152,120

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:



Mr S P Verma - Director


VERMA ENTERPRISES LIMITED (REGISTERED NUMBER: 02152355)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

Verma Enterprises 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.
Fixtures and fittings - 25% reducing balance
Motor vans - 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2023 - 4 ) .

VERMA ENTERPRISES LIMITED (REGISTERED NUMBER: 02152355)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vans Totals
£    £    £   
COST
At 1 August 2023 33,473 22,998 56,471
Additions 1,917 - 1,917
At 31 July 2024 35,390 22,998 58,388
DEPRECIATION
At 1 August 2023 29,640 6,110 35,750
Charge for year 1,437 4,222 5,659
At 31 July 2024 31,077 10,332 41,409
NET BOOK VALUE
At 31 July 2024 4,313 12,666 16,979
At 31 July 2023 3,833 16,888 20,721

5. STOCKS
2024 2023
£    £   
Stocks 10,000 6,710

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,904 30,852
Other debtors 1,041 1,112
23,945 31,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,033 6,086
Taxation and social security 6,680 9,570
Other creditors 66,989 74,936
79,702 90,592

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000