2024-01-012024-12-312024-12-31false13817452VERTEX E-COMMERCE 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VERTEX E-COMMERCE LIMITED

Registered Number
13817452
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

VERTEX E-COMMERCE LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

HURST, Jack William George
PORTER, Ben James

Registered Address

C/O Smooth Accounting Limited Building 1000 Lakeside North Harbour
Western Road
Portsmouth
PO6 3EN

Registered Number

13817452 (England and Wales)
VERTEX E-COMMERCE LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,1651,042
3,1651,042
Current assets
Debtors5991,223
Cash at bank and on hand42,12228,483
42,22129,706
Creditors amounts falling due within one year6(16,487)(5,730)
Net current assets (liabilities)25,73423,976
Total assets less current liabilities28,89925,018
Provisions for liabilities7(601)(198)
Net assets28,29824,820
Capital and reserves
Called up share capital100100
Profit and loss account28,19824,720
Shareholders' funds28,29824,820
The financial statements were approved and authorised for issue by the Board of Directors on 9 May 2025, and are signed on its behalf by:
HURST, Jack William George
Director
PORTER, Ben James
Director

Registered Company No. 13817452
VERTEX E-COMMERCE LIMITED
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 242,4822,482
Additions3,9343,934
At 31 December 246,4166,416
Depreciation and impairment
At 01 January 241,4401,440
Charge for year1,8111,811
At 31 December 243,2513,251
Net book value
At 31 December 243,1653,165
At 31 December 231,0421,042
4.Stocks
5.Debtors: amounts due within one year

2024

2023

££
Other debtors991,183
Prepayments and accrued income-40
Total991,223
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-643
Bank borrowings and overdrafts842-
Taxation and social security14,3524,207
Other creditors1,293880
Total16,4875,730
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)601198
Total601198