REGISTERED NUMBER: 06525877 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Veritas Gifts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Platt

Mrs L L E Platt

SECRETARY:

Mrs L L E Platt

REGISTERED OFFICE:

Unit 7 Dunley Hill Court

Crocknorth Road

Ranmore Common

DORKING

Surrey

RH5 6SX

REGISTERED NUMBER:

06525877 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Tangible assets

4

3,156

846

CURRENT ASSETS

Stocks

5,998

5,998

Debtors

5

208,261

144,653

Cash at bank

394,766

457,931

609,025

608,582

CREDITORS

Amounts falling due within one year

6

415,453

402,365

NET CURRENT ASSETS

193,572

206,217

TOTAL ASSETS LESS CURRENT LIABILITIES

196,728

207,063

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

196,628

206,963

SHAREHOLDERS' FUNDS

196,728

207,063

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 25 November 2025 and were signed on its behalf by:

M R Platt - Director

1.	STATUTORY INFORMATION

Veritas Gifts 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.

The directors have reviewed the company's financial position and performance and have concluded that the company is a going concern and the financial statements have, therefore, been prepared on that basis.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

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

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Taxation

Taxation for the year comprises current 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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

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 5 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

16,052

Additions

3,415

At 31 March 2025

19,467

DEPRECIATION

At 1 April 2024

15,206

Charge for year

1,105

At 31 March 2025

16,311

NET BOOK VALUE

At 31 March 2025

3,156

At 31 March 2024

846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

91,342

91,446

Other debtors

33,230

-

Directors' current accounts

82,315

52,945

Prepayments

1,374

262

208,261

144,653

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

79,541

58,300

Veritas Precious Metal Design Limited

283,413

286,888

Tax

18,800

23,139

Social security and other taxes

4,077

3,036

VAT

23,166

27,088

Other creditors

3,126

7

Accrued expenses

3,330

3,907

415,453

402,365

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M R Platt

Balance outstanding at start of year

69,066

65,384

Amounts advanced

95,551

82,882

Amounts repaid

(82,304

)

(79,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

82,313

69,066

Mrs L L E Platt

Balance outstanding at start of year

(16,120

)

226

Amounts advanced

29,356

-

Amounts repaid

(13,236

)

(16,346

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(16,120

)