Verification International Limited

Registered number: 07380344

	2024	2023
	£	£
Fixed assets	1	1

Current assets	32,754	19,547
Creditors: Amounts Falling Due Within One Year	(15,266 )	(9,646 )

NET CURRENT ASSETS	17,488	9,901

TOTAL ASSETS LESS CURRENT LIABILITIES	17,489	9,902

Creditors: Amounts Falling Due After More Than One Year	(4,000 )	(7,000 )
Accruals and deferred income	(2,405 )	-

NET ASSETS	11,084	2,902

CAPITAL AND RESERVES	11,084	2,902

Notes

1. General Information

Verification International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07380344 . The registered office is 6 St Annes Close, Worksop, Nottinghamshire, S80 3QS.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

3. Secured Creditors

Included under creditors due within one year and creditors due after more than one year of £4,000 and £7,000 respectively are advances made under the Coronavirus Bounce Back Loan Scheme (BBLS). The BBLS was drawn in June 2020 and, as with other loans of this nature, it is fully guaranteed by Her Majesty’s Government (HMG). HMG is covering the first year’s interest payments. No capital repayments were due until June 2021, after which the company is being charged 2.5% interest per annum.

	2024		2023
	£		£
Bank loans and overdrafts	-		11,000

4. Going Concern

The directors of the company have reviewed its financial performance and position in light of general economic conditions and the ongoing impact of the COVID-19 pandemic. The pandemic and actions taken to mitigate its impact have had, and are expected to continue to have, an adverse impact on the economy. Whilst the directors are aware of the uncertainties this creates, in light of their support and government support in the form of a Bounce Back Loan, they consider that the company has sufficient resources to enable it to continue operating effectively and settling its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.

For the year ending 20 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs C A Balkwell

Director

11/09/2025