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REGISTERED NUMBER: 04575374 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

VERITY & BEVERLEY LIMITED

VERITY & BEVERLEY LIMITED (REGISTERED NUMBER: 04575374)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


VERITY & BEVERLEY LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: N W Elphick
D J Ludeman
S C Towl
S R Hill





REGISTERED OFFICE: The Coach House
4 The Chipping
Tetbury
Gloucestershire
GL8 8ET





REGISTERED NUMBER: 04575374 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Verity & Beverley Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Verity & Beverley Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of Verity & Beverley Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Verity & Beverley Limited and state those matters that we have agreed to state to the Board of Directors of Verity & Beverley Limited, as a body, 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 Verity & Beverley Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Verity & Beverley Limited 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 Verity & Beverley Limited. You consider that Verity & Beverley Limited 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 Verity & Beverley Limited. 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


13 June 2025

VERITY & BEVERLEY LIMITED (REGISTERED NUMBER: 04575374)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,776 25,609

CURRENT ASSETS
Debtors 5 121,560 129,401
Cash at bank and in hand 241,446 338,778
363,006 468,179
CREDITORS
Amounts falling due within one year 6 74,083 97,034
NET CURRENT ASSETS 288,923 371,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,699

396,754

PROVISIONS FOR LIABILITIES 8 5,060 5,950
NET ASSETS 305,639 390,804

CAPITAL AND RESERVES
Called up share capital 9 4 6
Capital redemption reserve 94 94
Retained earnings 305,541 390,704
SHAREHOLDERS' FUNDS 305,639 390,804

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:



N W Elphick - Director


VERITY & BEVERLEY LIMITED (REGISTERED NUMBER: 04575374)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Verity & Beverley 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.

Critical accounting estimates and judgements
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net invoiced sales of architectural services, excluding value added tax, and is recognised when the service is provided.

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.
Fixtures and fittings - 15% on reducing balance

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 that have originated but not reversed at the balance sheet 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.

VERITY & BEVERLEY LIMITED (REGISTERED NUMBER: 04575374)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Long term contracts
Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end by recording the turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of the total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 77,717
DEPRECIATION
At 1 January 2024 52,108
Charge for year 3,833
At 31 December 2024 55,941
NET BOOK VALUE
At 31 December 2024 21,776
At 31 December 2023 25,609

VERITY & BEVERLEY LIMITED (REGISTERED NUMBER: 04575374)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,400 83,144
Amounts recoverable on contract 6,632 1,695
Other debtors 33,528 44,562
121,560 129,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,345 7,744
Taxation and social security 67,962 81,731
Other creditors 3,776 7,559
74,083 97,034

7. SECURED DEBTS

Barclays Bank PLC has a hold over the freehold property at 4 The Chipping, Tetbury, Gloucestershire.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,060 5,950

Deferred
tax
£   
Balance at 1 January 2024 5,950
Accelerated capital allowances (890 )
Balance at 31 December 2024 5,060

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
204 Ordinary A £0.01 - 2
198 Ordinary B £0.01 2 2
198 Ordinary C £0.01 2 2
4 6

During the year the company repurchased and cancelled 204 A ordinary shares for £2.04.

Each class of share ranks pari passu.