Vero HR Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08128510

Vero HR Limited

Filleted Financial Statements

31 July 2025

Vero HR Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Vero HR Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	58,339	51,555

Current assets

Debtors	7	1,059,131	490,439
Cash at bank and in hand		1,086,644	1,129,080
		------------	------------
		2,145,775	1,619,519

Creditors: amounts falling due within one year	8	432,403	357,554
		------------	------------
Net current assets		1,713,372	1,261,965
		------------	------------
Total assets less current liabilities		1,771,711	1,313,520

Provisions	14,585	12,888
	------------	------------
Net assets	1,757,126	1,300,632
	------------	------------

Capital and reserves

Called up share capital	106	100
Profit and loss account	1,757,020	1,300,532
	------------	------------
Shareholders funds	1,757,126	1,300,632
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 12 June 2026 , and are signed on behalf of the board by:

C J Halloran	I C Beaumont
Director	Director

Company registration number: 08128510

Vero HR Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line
Computer equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 42 (2024: 38 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	20,000
	--------
Amortisation
At 1 August 2024 and 31 July 2025	20,000
	--------
Carrying amount
At 31 July 2025	–
	--------
At 31 July 2024	–
	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 August 2024	45,324	31,233	67,347	143,904
Additions	27,396	–	11,764	39,160
Disposals	–	( 30,583)	–	( 30,583)
	--------	--------	--------	---------
At 31 July 2025	72,720	650	79,111	152,481
	--------	--------	--------	---------
Depreciation
At 1 August 2024	31,715	12,844	47,790	92,349
Charge for the year	5,325	3,247	9,312	17,884
Disposals	–	( 16,091)	–	( 16,091)
	--------	--------	--------	---------
At 31 July 2025	37,040	–	57,102	94,142
	--------	--------	--------	---------
Carrying amount
At 31 July 2025	35,680	650	22,009	58,339
	--------	--------	--------	---------
At 31 July 2024	13,609	18,389	19,557	51,555
	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	641,247	445,747
Amounts owed by group undertakings and undertakings in which the company has a participating interest	378,416	–
Other debtors	39,468	44,692
	------------	---------
	1,059,131	490,439
	------------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	88,706	57,354
Corporation tax	60,333	132,226
Social security and other taxes	214,123	144,319
Other creditors	69,241	23,655
	---------	---------
	432,403	357,554
	---------	---------

9. Share-based payments

The Company operates an Enterprise Management Incentive (EMI) share option scheme, together with a small number of unapproved share options, to provide incentives to key employees.

Options were granted in 2022 over ordinary shares in the Company with an exercise price of £1.38 per share, based on an agreed market valuation at the date of grant.

At 31 July 2024, options were outstanding over 6,290 ordinary shares, representing approximately 5.9% of the fully diluted share capital of the Company. The weighted average exercise price was £1.38 per share.

During the year ended 31 July 2025, all outstanding options were exercised in connection with the sale of the Company. The resulting shares were sold at completion in accordance with the terms of the transaction.

No share-based payment charge has been recognised in the profit and loss account in either the current or prior year. The directors consider this to be appropriate on the basis that the fair value of the options at the date of grant was not material.

10. Summary audit opinion

The auditor's report dated 15 June 2026 was unqualified , however, the auditor drew attention to the following by way of emphasis.

The financial statements of the company for the year ended 31 July 2024 were not audited.

The senior statutory auditor was Stuart Harris , for and on behalf of Burgess Hodgson Audit Limited .

11. Related party transactions

At the year end the company owed the directors £125 (2024: £826). At the year end the company was owed £378,416 by group companies.

12. Controlling party

At the year end the immediate parent company was Outset Group Limited, a company registered in the United Kingdom. Its registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN. At the year end the ultimate parent company was Cow Corner 1 LP , a private fund limited partnership registered in the United Kingdom. Its registered office is 1 Air Street, Brighton, East Sussex, United Kingdom, BN1 3FB .