Veriom Limited |
Notes to the Accounts |
for the year ended 31 May 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Pensions |
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Contributions to pension plan are expensed in the period to which they relate. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
8,571 |
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7,831 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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14,950 |
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- |
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Other debtors |
45,649 |
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12,073 |
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69,170 |
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19,904 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Bank loans and overdrafts |
10,907 |
|
92 |
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Taxation and social security costs |
14,836 |
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18,284 |
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Other creditors |
2,525 |
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1,500 |
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28,268 |
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19,876 |
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5 |
Other information |
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Veriom Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Kemp House |
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152-160 City Road |
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London |
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EC1V 2NX |