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REGISTERED NUMBER: 08324050 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Veracity Marketing Ltd

Veracity Marketing Ltd (Registered number: 08324050)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Veracity Marketing Ltd (Registered number: 08324050)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 696
Tangible assets 5 57,670 19,943
57,670 20,639

CURRENT ASSETS
Stocks 24,327 21,463
Debtors 6 84,115 50,631
Cash at bank and in hand 128,548 154,862
236,990 226,956
CREDITORS
Amounts falling due within one year 7 (117,029 ) (58,232 )
NET CURRENT ASSETS 119,961 168,724
TOTAL ASSETS LESS CURRENT LIABILITIES 177,631 189,363

CREDITORS
Amounts falling due after more than one
year

8

(10,756

)

(20,753

)

PROVISIONS FOR LIABILITIES (2,237 ) (2,342 )
NET ASSETS 164,638 166,268

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,538 166,168
SHAREHOLDERS' FUNDS 164,638 166,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Veracity Marketing Ltd (Registered number: 08324050)

Balance Sheet - continued
30 June 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 3 January 2025 and were signed by:





Mr T J Trapp - Director


Veracity Marketing Ltd (Registered number: 08324050)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Veracity Marketing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08324050

Registered office: The Rowans
Hogshead Lane
Oakmere
Northwich
Cheshire
CW8 2ET

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs is being amortised evenly over its estimated useful life of five years.

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 - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


Veracity Marketing Ltd (Registered number: 08324050)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 July 2023
and 30 June 2024 18,147
AMORTISATION
At 1 July 2023 17,451
Amortisation for year 696
At 30 June 2024 18,147
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 696

Veracity Marketing Ltd (Registered number: 08324050)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 9,326 28,750 22,841 60,917
Additions - 41,500 4,258 45,758
At 30 June 2024 9,326 70,250 27,099 106,675
DEPRECIATION
At 1 July 2023 9,326 12,578 19,070 40,974
Charge for year - 4,043 3,988 8,031
At 30 June 2024 9,326 16,621 23,058 49,005
NET BOOK VALUE
At 30 June 2024 - 53,629 4,041 57,670
At 30 June 2023 - 16,172 3,771 19,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 78,576 45,491
Other debtors 5,539 5,140
84,115 50,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,177 4,817
Taxation and social security 29,249 36,329
Other creditors 55,603 7,086
117,029 58,232

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,756 20,753