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REGISTERED NUMBER: 00594688 (England and Wales)









VERO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






VERO LIMITED (REGISTERED NUMBER: 00594688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Miss V C Verdon-Roe



SECRETARY: Miss V C Verdon-Roe



REGISTERED OFFICE: Vero Limited
Greenaway Lane
Warsash
Southampton
Hampshire
SO31 9HT



REGISTERED NUMBER: 00594688 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU



BANKERS: Santander
PO Box 382
21 Prescot Street
London
E1 8AD

VERO LIMITED (REGISTERED NUMBER: 00594688)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,727,489 1,664,825

CURRENT ASSETS
Debtors 5 149,868 111,668
Cash at bank and in hand 90,837 67,091
240,705 178,759
CREDITORS
Amounts falling due within one year 6 221,532 154,020
NET CURRENT ASSETS 19,173 24,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746,662

1,689,564

CREDITORS
Amounts falling due after more than one
year

7

(150,147

)

(189,941

)

PROVISIONS FOR LIABILITIES 9 (11,787 ) (12,177 )
NET ASSETS 1,584,728 1,487,446

CAPITAL AND RESERVES
Called up share capital 10 1,500 1,500
Revaluation reserve 862,622 862,622
Capital redemption reserve 500 500
Retained earnings 720,106 622,824
SHAREHOLDERS' FUNDS 1,584,728 1,487,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VERO LIMITED (REGISTERED NUMBER: 00594688)

BALANCE SHEET - continued
31 AUGUST 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 21 March 2025 and were signed by:





Miss V C Verdon-Roe - Director


VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Vero Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance and 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

Leased assets
Assets sold to customers under hire purchase contracts are excluded from the fixed assets of the company and reported in the balance sheet as debtors due within or after one year for the amount expected to be received from those contracts. Receipts from hire purchase contracts contain a capital element which reduces the debtor, and an interest charge which is credited to revenue so as to give a constant return on funds invested in the contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 September 2023 1,889,935 39,148 3,551
Additions 87,392 - 6,571
At 31 August 2024 1,977,327 39,148 10,122
DEPRECIATION
At 1 September 2023 250,165 35,865 2,258
Charge for year 25,530 821 1,573
At 31 August 2024 275,695 36,686 3,831
NET BOOK VALUE
At 31 August 2024 1,701,632 2,462 6,291
At 31 August 2023 1,639,770 3,283 1,293

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 40,500 13,060 1,986,194
Additions - 1,917 95,880
At 31 August 2024 40,500 14,977 2,082,074
DEPRECIATION
At 1 September 2023 20,750 12,331 321,369
Charge for year 3,950 1,342 33,216
At 31 August 2024 24,700 13,673 354,585
NET BOOK VALUE
At 31 August 2024 15,800 1,304 1,727,489
At 31 August 2023 19,750 729 1,664,825

VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2006 876,965 - -
Cost 1,100,362 39,148 10,122
1,977,327 39,148 10,122

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2006 - - 876,965
Cost 40,500 14,977 1,205,109
40,500 14,977 2,082,074

If freehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 606,304 606,304

Freehold properties were valued on an open market basis on 31 October 2006 by Beals Independent Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,152 33,396
Other debtors 117,716 78,272
149,868 111,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,548 33,132
Trade creditors 13,444 7,690
Taxation and social security 97,309 64,266
Other creditors 73,231 48,932
221,532 154,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 150,147 189,941

VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 187,695 223,073

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,787 12,177

Deferred
tax
£   
Balance at 1 September 2023 12,177
Accelerated capital allowances (390 )
Balance at 31 August 2024 11,787

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary A £1 1,500 1,500

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Miss V C Verdon-Roe
Balance outstanding at start of year 65,153 56,902
Amounts advanced 107,704 83,563
Amounts repaid (75,312 ) (75,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,545 65,153

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss V C Verdon-Roe.