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REGISTERED NUMBER: 08128599 (England and Wales)














Verego Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Verego Ltd (Registered number: 08128599)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4


Verego Ltd

Company Information
for the Year Ended 31 July 2024







Director: P Mulgrew





Registered office: Monica House
St. Augustines Road
Wisbech
PE13 3AD





Business address: Apartment 5
Peel House
Cheveley Road
Newmarket
CB8 8AD





Registered number: 08128599 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Verego Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Verego Ltd for the year ended 31 July 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Verego Ltd in accordance with the terms of our engagement letter dated 10 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Verego Ltd and state those matters that we have agreed to state to the director of Verego Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Verego Ltd and its director for our work or for this report.

It is your duty to ensure that Verego Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Verego Ltd. You consider that Verego Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Verego Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


11 March 2025

Verego Ltd (Registered number: 08128599)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £   
Current assets
Debtors 6 7,903 39,058
Investments 7 20,249 20,249
Cash at bank 29,799 60,923
57,951 120,230
Creditors
Amounts falling due within one year 8 43,991 58,285
Net current assets 13,960 61,945
Total assets less current liabilities 13,960 61,945

Capital and reserves
Called up share capital 1 1
Retained earnings 13,959 61,944
13,960 61,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





P Mulgrew - Director


Verego Ltd (Registered number: 08128599)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

Verego Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33.33% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Verego Ltd (Registered number: 08128599)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2023
and 31 July 2024 10,031
Depreciation
At 1 August 2023
and 31 July 2024 10,031
Net book value
At 31 July 2024 -

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 31,558
Other debtors 7,500 7,500
VAT 403 -
7,903 39,058

7. Current asset investments
2024 2023
£    £   
Unlisted investments 20,249 20,249

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 39,296 40,463
Social security and other taxes 2,509 3,080
VAT - 12,307
Directors' loan accounts 188 435
Accruals and deferred income 1,998 2,000
43,991 58,285

9. Related party disclosures

During the year the director made an unsecured, interest free loan to the company. This loan is deemed repayable on demand. The balance outstanding at the balance sheet date was £188 (2023: £435).