ONVERO

Company limited by guarantee

Company Registration Number:
04549009 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

ONVERO

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ONVERO

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Onvero is an employer-led initiative to promote the business benefits of a diverse workforce. Onvero was established to ‘promote equality and diversity for the public benefit’ and seeks to eliminate discrimination in the workplace as follows: 1. by promoting equality, diversity and inclusion for the public benefit by reducing, preventing and discouraging discrimination and the resulting barriers in both the workforce and wider society; 2. by educating the public, employers and employees about the benefits of diversity and inclusion and promoting changes in attitudes, practice and behaviours amongst employers and the general public; and 3.by relieving unemployment for the public benefit by advocating inclusive employment, allowing individuals to reach their full potential and organisations to understand the benefits of employing diverse talent. This is done through membership and training and consultancy services.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

William Smith
 Ian Mclean Adams
 Claudine Alexia Adeyemi-Adams
 Thomas Jonathan Rowland Berry
 Sarah Joanne Churchman
 Richard Leslie Kramer
 Shelley Jay Clixby Portet

The director shown below has held office during the period of
28 February 2025 to 31 March 2025

Jennie Rebecca Martha Drimmer

Secretary Jigna Gajarawala

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 September 2025

And signed on behalf of the board by:
Name: William Smith
Status: Director

ONVERO

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 1,952,404 1,939,580
Gross profit(or loss): 1,952,404 1,939,580
Administrative expenses: ( 1,960,611 ) ( 1,860,482 )
Operating profit(or loss): (8,207) 79,098
Profit(or loss) before tax: (8,207) 79,098
Profit(or loss) for the financial year: (8,207) 79,098

ONVERO

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Intangible assets: 3 51,325 33,475
Tangible assets: 4 0 11,059
Total fixed assets: 51,325 44,534
Current assets
Debtors: 5 410,075 421,594
Cash at bank and in hand: 2,083,189 2,103,474
Total current assets: 2,493,264 2,525,068
Creditors: amounts falling due within one year: 6 ( 1,301,154 ) ( 1,317,960 )
Net current assets (liabilities): 1,192,110 1,207,108
Total assets less current liabilities: 1,243,435 1,251,642
Total net assets (liabilities): 1,243,435 1,251,642
Members' funds
Profit and loss account: 1,243,435 1,251,642
Total members' funds: 1,243,435 1,251,642

The notes form part of these financial statements

ONVERO

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 18 September 2025
and signed on behalf of the board by:

Name: William Smith
Status: Director

The notes form part of these financial statements

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, with a capitalisation threshold of £1,500 per asset. Depreciation commences once the asset is bought into use and is provided as follows: Fixtures, fittings and equipment - 33% straight line

    Intangible fixed assets amortisation policy

    Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, with a capitalisation threshold of £1,500 per asset. Amortisation commences once the asset is bought into use and is provided as follows: Website - 20% straight line

    Other accounting policies

    1. Basis of preparation 2. Going concern 3. Financial Instruments 4. Income 5. Expenditure 6. Pension Benefits 7. Operating Leases 8. Taxation 9. Critical accounting estimates and areas of judgement

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 20 20

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2024 51,500 51,500
Additions 30,850 30,850
Disposals
Revaluations
Transfers
At 31 March 2025 82,350 82,350
Amortisation
At 1 April 2024 18,025 18,025
Charge for year 13,000 13,000
On disposals
Other adjustments
At 31 March 2025 31,025 31,025
Net book value
At 31 March 2025 51,325 51,325
At 31 March 2024 33,475 33,475

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 37,901 37,901
Additions
Disposals ( 37,901 ) ( 37,901 )
Revaluations
Transfers
At 31 March 2025 0 0
Depreciation
At 1 April 2024 26,842 26,842
Charge for year 11,059 11,059
On disposals ( 37,901 ) ( 37,901 )
Other adjustments
At 31 March 2025 0 0
Net book value
At 31 March 2025 0 0
At 31 March 2024 11,059 11,059

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors

2025 2024
£ £
Trade debtors 361,847 356,902
Prepayments and accrued income 22,344 31,308
Other debtors 25,884 33,384
Total 410,075 421,594

ONVERO

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 61,474 117,436
Taxation and social security 150,355 133,742
Accruals and deferred income 1,079,108 1,060,586
Other creditors 10,217 6,196
Total 1,301,154 1,317,960