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Registered number: 13490139
Verde Apparel LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ian Leggett and Co limited
18 Deacon Road
Widnes
WA8 6ED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13490139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,702 -
1,702 -
CURRENT ASSETS
Stocks 5 7,936 6,554
7,936 6,554
Creditors: Amounts Falling Due Within One Year 6 (21,148 ) (13,459 )
NET CURRENT ASSETS (LIABILITIES) (13,212 ) (6,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,510 ) (6,905 )
NET LIABILITIES (11,510 ) (6,905 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (11,610 ) (7,005 )
SHAREHOLDERS' FUNDS (11,510) (6,905)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Lightfoot
Director
27th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Verde Apparel LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13490139 . The registered office is 183 Church Raod, Rainford, St Helens, WA11 8QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 August 2023 -
Additions 1,773
As at 31 July 2024 1,773
Amortisation
As at 1 August 2023 -
Provided during the period 71
As at 31 July 2024 71
Net Book Value
As at 31 July 2024 1,702
As at 1 August 2023 -
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 7,936 6,554
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 596 492
Director's loan account 20,552 12,967
21,148 13,459
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4