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Vortexa Group Ltd

(formerly VERTA GROUP LTD)

Registered Number
11640318
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Vortexa Group Ltd
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

WARRILOW, David Keith
WARRILOW, Philippa Jane

Registered Address

Tudor Garth 18a Stallingborough Road
Healing
Grimsby
DN41 7QN

Registered Number

11640318 (England and Wales)
Vortexa Group Ltd
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks3-4,000
Debtors41,2009,232
Cash at bank and on hand40896
1,24014,128
Creditors amounts falling due within one year5(13,404)(28,225)
Net current assets (liabilities)(12,164)(14,097)
Total assets less current liabilities(12,164)(14,097)
Net assets(12,164)(14,097)
Capital and reserves
Called up share capital63
Profit and loss account(12,170)(14,100)
Shareholders' funds(12,164)(14,097)
The financial statements were approved and authorised for issue by the Board of Directors on 31 January 2025, and are signed on its behalf by:
WARRILOW, David Keith
Director
Registered Company No. 11640318
Vortexa Group Ltd
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year22
3.Stocks

2024

2023

££
Raw materials and consumables-4,000
Total-4,000
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,200101
Amounts owed by associates and joint ventures / participating interests-9,121
Other debtors-10
Total1,2009,232
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,02921,244
Bank borrowings and overdrafts-2,437
Amounts owed to related parties10,3114,148
Taxation and social security1,064396
Total13,40428,225
6.Share capital
Class of Shares: ORDINARY Currency: GBP Total number of shares: 6 Total aggregate nominal value: 6 Total aggregate amount unpaid: 0
7.Parent-subsidiary relationships
During the year interest free loans were made available to the business by the directors, these totalled £10311 at the year end.