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# VELOREMIT LIMITED

## Company Registration Number:
12693663 (England and Wales)

## Unaudited abridged accounts for the year ended 30 June 2026

## Period of accounts

## Start date: 01 July 2025

## End date: 30 June 2026

# VELOREMIT LIMITED

## Contents of the Financial Statements

for the Period Ended 30 June 2026

Balance sheet |
Notes |

# VELOREMIT LIMITED

## Balance sheet

As at 30 June 2026

| Notes | 2026 | 2025
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 474,426 | 234,426
Tangible assets: | 4 | 10,815 | 14,310
Total fixed assets: |  | 485,241 | 248,736
Current assets
Debtors: | 5 | 15,193 | 778
Cash at bank and in hand: |  | 826,722 | 296,688
Total current assets: |  | 841,915 | 297,466
Creditors: amounts falling due within one year: |  | (425,043) | (131,825)
Net current assets (liabilities): |  | 416,872 | 165,641
Total assets less current liabilities: |  | 902,113 | 414,377
Total net assets (liabilities): |  | 902,113 | 414,377
Capital and reserves
Called up share capital: |  | 440,000 | 200,000
Share premium account: |  | 449,250 | 209,250
Profit and loss account: |  | 12,863 | 5,127
Shareholders funds: |  | 902,113 | 414,377

The notes form part of these financial statements

# VELOREMIT LIMITED

## Balance sheet statements

For the year ending 30 June 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 July 2026
and signed on behalf of the board by:

Name: Kamoru Kolade TIAMIYU
Status: Director

The notes form part of these financial statements

# VELOREMIT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2026

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

## Turnover policy

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

## Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment over 3 years

## Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

## Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditor Short term creditors are measured at transaction price (which is usually the invoice price). Loans andother financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted

# VELOREMIT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2026

## 2. Employees

| 2026 | 2025
--- | --- | ---
Average number of employees during the period | 4 | 1

# VELOREMIT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2026

## 3. Intangible Assets

| Total
--- | ---
Cost | £
At 01 July 2025 | 234,426
Additions | 240,000
At 30 June 2026 | 474,426
Net book value |
At 30 June 2026 | 474,426
At 30 June 2025 | 234,426

# VELOREMIT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2026

## 4. Tangible Assets

| Total
--- | ---
Cost | £
At 01 July 2025 | 19,296
Additions | 3,756
At 30 June 2026 | 23,052
Depreciation |
At 01 July 2025 | 4,986
Charge for year | 7,251
At 30 June 2026 | 12,237
Net book value |
At 30 June 2026 | 10,815
At 30 June 2025 | 14,310

# VELOREMIT LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2026

## 5. Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Debtors due after more than one year: | 15,193 | 778