Velopy Ltd

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

Registered number: 07558837

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		342		456

			342		456
CURRENT ASSETS
Debtors	5	17,166		7,330
Cash at bank and in hand		10,258		11,939

		27,424		19,269
Creditors: Amounts Falling Due Within One Year	6	(17,279 )		(3,853 )

NET CURRENT ASSETS (LIABILITIES)			10,145		15,416

TOTAL ASSETS LESS CURRENT LIABILITIES			10,487		15,872

PROVISIONS FOR LIABILITIES
Deferred Taxation			(65 )		(87 )

NET ASSETS			10,422		15,785

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			10,420		15,783

SHAREHOLDERS' FUNDS			10,422		15,785

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Velopy Ltd

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 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

Mrs Victoria Knight

Director

23rd June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Velopy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07558837 . The registered office is:

4-8 Gothic Buildings Victoria Road North, Southsea, PO5 1PH.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

• the Company has transferred to the buyer the significant risks and rewards of ownership of the

goods;

• the Company retains neither continuing managerial involvement to the degree usually associated

with ownership nor effective control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the economic benefits associated with the transaction will flow to the Company;

and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is

passed.

2.3. 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:

Fixtures & Fittings	25% reducing balance
Computer Equipment	over 3 years

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs,

which comprise direct production costs, are based on the method most appropriate to the type of

inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as

incurred. Net realisable value is based on the estimated selling price less any estimated completion or

selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in

which the related revenue is recognised. The amount of any write-down of stocks to net realisable value

and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs.

The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of

inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and

related costs as contract activity progresses.

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Velopy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2025	14,292	708	15,000

As at 30 April 2026	14,292	708	15,000

Depreciation
As at 1 May 2025	13,836	708	14,544
Provided during the period	114	-	114

As at 30 April 2026	13,950	708	14,658

Net Book Value
As at 30 April 2026	342	-	342

As at 1 May 2025	456	-	456

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	17,166	7,330

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Velopy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	12,735	-
Other creditors	170	701
Taxation and social security	4,374	3,152

	17,279	3,853

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

8. Reserves

	Profit and Loss Account
	£
As at 1 May 2025	15,783
Profit for the year and total comprehensive income	18,537

Dividends paid	(23,900)

As at 30 April 2026	10,420

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