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Company Registration No. 10744914 (England and Wales)
VERTICAL BUILDERS LTD Unaudited accounts for the year ended 30 April 2024
VERTICAL BUILDERS LTD Unaudited accounts Contents
Page
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VERTICAL BUILDERS LTD Company Information for the year ended 30 April 2024
Director
Klodian Murati
Company Number
10744914 (England and Wales)
Registered Office
1 Langford Bridbe Cottages Ongar Road Kelvedon Hatch, Brentwood England CM15 0LB
Accountants
Agents For Accounting Ltd Apex House, 2nd Floor Grand Arcade London N12 0EH
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VERTICAL BUILDERS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,944 
28,855 
Current assets
Debtors
63,770 
32,361 
Cash at bank and in hand
30,589 
228,674 
94,359 
261,035 
Creditors: amounts falling due within one year
(17,236)
(61,317)
Net current assets
77,123 
199,718 
Net assets
98,067 
228,573 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
97,967 
228,473 
Shareholders' funds
98,067 
228,573 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Klodian Murati Director Company Registration No. 10744914
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VERTICAL BUILDERS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
VERTICAL BUILDERS LTD is a private company, limited by shares, registered in England and Wales, registration number 10744914. The registered office is 1 Langford Bridbe Cottages Ongar Road, Kelvedon Hatch, Brentwood, England, CM15 0LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line Method- 25 %
Motor vehicles
Straight Line Method- 20%
Bad Debts
The company is currently involved in a dispute with a client regarding a project, with the disputed amount remaining unpaid. Given the uncertainty surrounding the resolution, no income related to this amount has been recognized in the financial statements. Subsequent to the year-end, a court ruling confirmed that the disputed amount is not recoverable, and the company will be unable to recover these funds.
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VERTICAL BUILDERS LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
9,629 
47,190 
56,819 
Additions
2,277 
- 
2,277 
At 30 April 2024
11,906 
47,190 
59,096 
Depreciation
At 1 May 2023
9,088 
18,876 
27,964 
Charge for the year
750 
9,438 
10,188 
At 30 April 2024
9,838 
28,314 
38,152 
Net book value
At 30 April 2024
2,068 
18,876 
20,944 
At 30 April 2023
541 
28,314 
28,855 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,978 
31,815 
Deferred tax asset
964 
546 
Other debtors
7,828 
- 
63,770 
32,361 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,807 
25,886 
Taxes and social security
1,079 
34,350 
Loans from directors
- 
181 
Accruals
1,350 
900 
17,236 
61,317 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
8
Loans to directors
Included in other debtors is a balance of £7,828 owed by the director of the company. This balance is unsecured and interest free, with no fixed repayment terms.
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VERTICAL BUILDERS LTD Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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