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Verto People Ltd
Financial Statements
For The Year Ended 28 February 2025
Verto People Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Verto People Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 12441219

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 3,901
Tangible Assets | 5 |  | 3,796 |  | -
Investments | 6 |  | 57,047 |  | 58,427
|  |  | 60,843 |  | 62,328
CURRENT ASSETS
Debtors | 7 | 209,361 |  | 132,041 |
Cash at bank and in hand |  | 314,114 |  | 210,009 |
|  | 523,475 |  | 342,050 |
Creditors: Amounts Falling Due Within One Year | 8 | (310,367 ) |  | (167,333 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 213,108 |  | 174,717
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 273,951 |  | 237,045
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (4,420 ) |  | (13,481 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (949 ) |  | (975 )
NET ASSETS |  |  | 268,582 |  | 222,589
CAPITAL AND RESERVES
Called up share capital | 12 |  | 306 |  | 306
Profit and Loss Account |  |  | 268,276 |  | 222,283
SHAREHOLDERS' FUNDS |  |  | 268,582 |  | 222,589

Page 1
Page 2
Verto People Ltd
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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 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 M J Doig Director | Mr R L Sturgess Director | Mr A J Hatfield Director
08/09/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Verto People Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Verto People Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12441219 . The registered office is Arena Business Centre Solent Road, Havant, Hampshire, PO9 1TR.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are amortised to the profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 33.33 SL

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Verto People Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 19)
20 19
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 March 2024 | 11,699
As at 28 February 2025 | 11,699
Amortisation
As at 1 March 2024 | 7,798
Provided during the period | 3,901
As at 28 February 2025 | 11,699
Net Book Value
As at 28 February 2025 | -
As at 1 March 2024 | 3,901

5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 March 2024 | 6,946
Additions | 5,704
As at 28 February 2025 | 12,650
Depreciation
As at 1 March 2024 | 6,946
Provided during the period | 1,908
As at 28 February 2025 | 8,854
Net Book Value
As at 28 February 2025 | 3,796
As at 1 March 2024 | -

Page 4
Page 5
Verto People Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
6. Investments

| Unlisted | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 March 2024 | 33,427 | 25,000 | 58,427
Disposals | (1,380 ) | - | (1,380 )
As at 28 February 2025 | 32,047 | 25,000 | 57,047
Provision
As at 1 March 2024 | - | - | -
As at 28 February 2025 | - | - | -
Net Book Value
As at 28 February 2025 | 32,047 | 25,000 | 57,047
As at 1 March 2024 | 33,427 | 25,000 | 58,427

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 176,391 |  | 98,884
Prepayments and accrued income | 28,050 |  | 28,237
Other debtors | 4,920 |  | 4,920
| 209,361 |  | 132,041

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,702 |  | 5,702
Bank loans and overdrafts | 9,584 |  | 9,584
Corporation tax | 99,505 |  | 50,286
Other taxes and social security | 19,229 |  | 13,526
VAT | 50,036 |  | 28,201
Credit card | 27,428 |  | 7,495
Invoice finance facility | - |  | 8,513
Pensions | 1,566 |  | 1,324
Accruals and deferred income | 2,430 |  | 2,357
Directors' loan accounts | 97,887 |  | 40,345
| 310,367 |  | 167,333

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 4,420 |  | 13,481

Page 5
Page 6
Verto People Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 949 |  | 975

11. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 March 2024 | 975 | 975
Reversals | (26 ) | (26)
Balance at 28 February 2025 | 949 | 949

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
300 Ordinary Shares of £ 1.00 each | 300 |  | 300
1 Ordinary A shares of £ 1.00 each | 1 |  | 1
1 Ordinary B shares of £ 1.00 each | 1 |  | 1
1 Ordinary C shares of £ 1.00 each | 1 |  | 1
1 Ordinary D shares of £ 1.00 each | 1 |  | 1
1 Ordinary E shares of £ 1.00 each | 1 |  | 1
1 Ordinary F shares of £ 1.00 each | 1 |  | 1
| 306 |  | 306

Page 6