ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 08366997

VERDERG PIPE TECHNOLOGY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

31 MARCH 2025

01483 755 399

hamlyns.com

VERDERG PIPE TECHNOLOGY LIMITED

REGISTERED NUMBER: 08366997

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	17,217		17,203
Cash at bank and in hand		38,193		30,244
		55,410		47,447
Creditors: amounts falling due within one year	5	(35,593)		(26,471)
Net current assets			19,817		20,976
Total assets less current liabilities			19,817		20,976
Creditors: amounts falling due after more than one year	6		(628,570)		(528,938)

Net liabilities			(608,753)		(507,962)

Capital and reserves
Called up share capital	10,120	10,120
Share premium account	492,000	492,000
Profit and loss account	(1,110,873)	(1,010,082)
	(608,753)	(507,962)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2025.

R A Martins Filho

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

VERDERG PIPE TECHNOLOGY LIMITED

REGISTERED NUMBER: 08366997

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Page 2

VERDERG PIPE TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	Statutory information

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

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors' believe that the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. The directors will not seek repayment of their loans in such a way to prejudice the company's ability to continue as a going concern.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

VERDERG PIPE TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Other debtors	17,217	17,203
	17,217	17,203

Page 4

VERDERG PIPE TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,529	10,337
Trade creditors	22,382	14,165
Other taxation and social security	667	-
Other creditors	2,015	1,969
	35,593	26,471

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	886	11,415
Other creditors	627,684	517,523
	628,570	528,938

Amounts falling due within one year
Bank loans	10,529	10,337
	10,529	10,337
Amounts falling due 1-2 years
Bank loans	886	10,529
	886	10,529
Amounts falling due 2-5 years
Bank loans	-	886
	-	886

	11,415	21,752

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