VERGE TRADING LTD

Company Registration Number:
14488893 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

VERGE TRADING LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

VERGE TRADING LTD

Company Information

for the Period Ended 30 November 2024




Director: Hassan Asad
Saad Asad
Registered office: Office 5249
182-184 High Street North, East Ham
London
GBR
E6 2JA
Company Registration Number: 14488893 (England and Wales)

VERGE TRADING LTD

Balance sheet

As at 30 November 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 1,500 1,250
Cash at bank and in hand: 3,433 29
Total current assets: 4,933 1,279
Creditors: amounts falling due within one year: 4 ( 17,877 ) ( 16,350 )
Net current assets (liabilities): ( 12,944 ) ( 15,071 )
Total assets less current liabilities: ( 12,944 ) ( 15,071 )
Total net assets (liabilities): ( 12,944 ) ( 15,071 )

The notes form part of these financial statements

VERGE TRADING LTD

Balance sheet continued

As at 30 November 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: ( 12,954 ) ( 15,081 )
Shareholders funds: ( 12,944 ) ( 15,071 )

For the year ending 30 November 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 February 2025
And Signed On Behalf Of The Board By:

Name: Saad Asad
Status: Director

The notes form part of these financial statements

VERGE TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents sales net of VAT.

VERGE TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

VERGE TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 3. Off balance sheet disclosure

    No

VERGE TRADING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4.Creditors: amounts falling due within one year note


2024
£

2023
£
Accruals and deferred income 545 350
Other creditors 17,332 16,000
Total 17,877 16,350

Other creditors include loan from directors amounting to £17,332 (2023: £15,837).