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Registered number: 13950903
Velicore Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Velicore Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Velicore Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 13950903

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 250 |  | 250
Tangible Assets | 5 |  | 1,112 |  | 950
|  |  | 1,362 |  | 1,200
CURRENT ASSETS
Debtors | 6 | 35 |  | 47 |
Cash at bank and in hand |  | 203 |  | 237 |
|  | 238 |  | 284 |
Creditors: Amounts Falling Due Within One Year | 7 | (350 ) |  | - |
NET CURRENT ASSETS (LIABILITIES) |  |  | (112 ) |  | 284
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,250 |  | 1,484
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,741 ) |  | (1,782 )
NET LIABILITIES |  |  | (1,491 ) |  | (298 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 250 |  | 250
Profit and Loss Account |  |  | (1,741 ) |  | (548 )
SHAREHOLDERS' FUNDS |  |  | (1,491) |  | (298)

Page 1
Page 2
Velicore Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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

Samantha Natasha Noden Director
8 August 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Velicore Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Velicore Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13950903 . The registered office is Brynawel Church Road, Gorslas, Llanelli, SA14 7NF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of trademarks. No amortisation is charged, as they are reviewed annually against the cost of acquisition.
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:

Furniture, fixtures and equipment | SLM, 2–5 yrs (electrical), 7–10 yrs (mechanical)
Computer Equipment | SLM, 4 years (IT equipment).

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets

| Trade mark
--- | ---
| £
Cost
As at 1 April 2024 | 250
As at 31 March 2025 | 250
Net Book Value
As at 31 March 2025 | 250
As at 1 April 2024 | 250

Page 3
Page 4
Velicore Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Furniture, fixtures and equipment | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 92 | 1,119 | 1,211
Additions | 496 | - | 496
As at 31 March 2025 | 588 | 1,119 | 1,707
Depreciation
As at 1 April 2024 | 10 | 251 | 261
Provided during the period | 54 | 280 | 334
As at 31 March 2025 | 64 | 531 | 595
Net Book Value
As at 31 March 2025 | 524 | 588 | 1,112
As at 1 April 2024 | 82 | 868 | 950

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 35 |  | 47

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 350 |  | -

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 2,741 |  | 1,782

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 250 |  | 250

Page 4
Page 5
Velicore Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Related Party Transactions
Included in creditors due after more than one year is an amount of £2,741 (2024: £1,782 ) owed to its director. The amount is interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
Page 5