REGISTERED NUMBER: 12330276 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Verinder Powell Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Powell

R Verinder

REGISTERED OFFICE:

Suite 5, Corum Two

Corum Office Park, Crown Way

Warmley, Bristol

BS30 8FJ

REGISTERED NUMBER:

12330276 (England and Wales)

FIXED ASSETS

Intangible assets

4

397

447

Tangible assets

5

21,451

30,864

21,848

31,311

CURRENT ASSETS

Debtors

6

144,136

134,472

Cash at bank

489,841

334,334

633,977

468,806

CREDITORS

Amounts falling due within one year

7

335,150

257,024

NET CURRENT ASSETS

298,827

211,782

TOTAL ASSETS LESS CURRENT LIABILITIES

320,675

243,093

PROVISIONS FOR LIABILITIES

4,841

8,572

NET ASSETS

315,834

234,521

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

315,824

234,511

315,834

234,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 26 September 2025 and were signed on its behalf by:

C J Powell - Director

R Verinder - Director

1.	STATUTORY INFORMATION

Verinder Powell Associates 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

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when;

the amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 20% on cost

Fixtures and fittings - 20% on cost

Plant & machinery - 20% on cost

Leasehold improvements - 20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

501

AMORTISATION

At 1 April 2024

54

Charge for year

50

At 31 March 2025

104

NET BOOK VALUE

At 31 March 2025

397

At 31 March 2024

447

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

14,935

1,951

17,660

18,800

53,346

Additions

-

-

103

2,334

2,437

Disposals

-

(287

)

(1,391

)

(2,255

)

(3,933

)

At 31 March 2025

14,935

1,664

16,372

18,879

51,850

DEPRECIATION

At 1 April 2024

6,118

744

7,878

7,742

22,482

Charge for year

2,987

422

3,504

4,013

10,926

Eliminated on disposal

-

(208

)

(929

)

(1,872

)

(3,009

)

At 31 March 2025

9,105

958

10,453

9,883

30,399

NET BOOK VALUE

At 31 March 2025

5,830

706

5,919

8,996

21,451

At 31 March 2024

8,817

1,207

9,782

11,058

30,864

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

114,639

105,076

Other debtors

29,497

29,396

144,136

134,472

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,235

11,218

Taxation and social security

245,677

193,302

Other creditors

83,238

52,504

335,150

257,024

8.	PENSION COMMITMENTS

At the year end contributions of £2,061 (2024 - £1,629) to defined contribution pension schemes were outstanding.

9.	OFF BALANCE SHEET COMMITMENTS

At the year end, the company had future minimum lease payments due under non-cancellable operating leases totalling £59,815 (2024 - £95,987).