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VERTEX (PRODUCTS) LIMITED
REGISTERED NUMBER: SC429146
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2026.
The notes on pages 2 to 3 form part of these financial statements.
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VERTEX (PRODUCTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Vertex (Products) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC429146. The registered office is Sir William Smith Road, Kirkton Industrial Estate, Arbroath, Angus, DD11 3RD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:
As at 31 July 2024 the Statement of Financial Position shows net liabilites. The company can only continue to operate with the support of the director, Mr A Dalglish, who has confirmed that he will financially support the company for the forseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statements.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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Amounts owed by joint ventures and associated undertakings
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Creditors: Amounts falling due after more than one year
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There are no securities held by the bank on the loan. The loan was received as part of the Bounce Back Loan Scheme (BBLS) and is guaranteed by the UK Government.
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VERTEX (PRODUCTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary shares of £1.00 each
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7.Director's personal guarantees
The director has provided a personal guarantee of £75,000 for the bank overdraft.
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