Company registration number 11895864 (England and Wales)
VREVO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
VREVO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
VREVO LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,746
6,328
Tangible assets
4
7,808
6,264
12,554
12,592
Current assets
Debtors
5
89,636
60,968
Cash at bank and in hand
16,341
71,987
105,977
132,955
Creditors: amounts falling due within one year
6
(34,187)
(8,027)
Net current assets
71,790
124,928
Net assets
84,344
137,520
Capital and reserves
Called up share capital
12
12
Share premium account
347,332
347,332
Profit and loss reserves
(263,000)
(209,824)
Total equity
84,344
137,520

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr J Carter
Director
Company registration number 11895864 (England and Wales)
VREVO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

VREVO Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 Jerome Drive, St Albans, Herts, AL3 4LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. T he principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
25% on written down value
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

VREVO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

VREVO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
8
3
Intangible fixed assets
Other
£
Cost
At 1 April 2024 and 31 March 2025
15,000
Amortisation and impairment
At 1 April 2024
8,672
Amortisation charged for the year
1,582
At 31 March 2025
10,254
Carrying amount
At 31 March 2025
4,746
At 31 March 2024
6,328
VREVO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
7,911
Additions
3,658
At 31 March 2025
11,569
Depreciation and impairment
At 1 April 2024
1,647
Depreciation charged in the year
2,114
At 31 March 2025
3,761
Carrying amount
At 31 March 2025
7,808
At 31 March 2024
6,264
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
19,550
-
0
Other debtors
29,168
27,474
48,718
27,474
Deferred tax asset
40,918
33,494
89,636
60,968
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
272
-
0
Taxation and social security
11,768
7,270
Other creditors
22,147
757
34,187
8,027
2025-03-31 2024-04-01 false 09 December 2025 CCH Software CCH Accounts Production 2024.100 No description of principal activity M Fergie A Payton Mr J Carter false false 11895864 2024-04-01 2025-03-31 11895864 2025-03-31 11895864 2024-03-31 11895864 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 11895864 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 11895864 core:OtherPropertyPlantEquipment 2025-03-31 11895864 core:OtherPropertyPlantEquipment 2024-03-31 11895864 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11895864 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11895864 core:CurrentFinancialInstruments 2025-03-31 11895864 core:CurrentFinancialInstruments 2024-03-31 11895864 core:ShareCapital 2025-03-31 11895864 core:ShareCapital 2024-03-31 11895864 core:SharePremium 2025-03-31 11895864 core:SharePremium 2024-03-31 11895864 core:RetainedEarningsAccumulatedLosses 2025-03-31 11895864 core:RetainedEarningsAccumulatedLosses 2024-03-31 11895864 bus:Director3 2024-04-01 2025-03-31 11895864 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 11895864 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 11895864 core:PlantMachinery 2024-04-01 2025-03-31 11895864 2023-04-01 2024-03-31 11895864 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 11895864 core:OtherPropertyPlantEquipment 2024-03-31 11895864 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 11895864 core:WithinOneYear 2025-03-31 11895864 core:WithinOneYear 2024-03-31 11895864 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11895864 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11895864 bus:FRS102 2024-04-01 2025-03-31 11895864 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11895864 bus:Director1 2024-04-01 2025-03-31 11895864 bus:Director2 2024-04-01 2025-03-31 11895864 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP