VERTICE PROJECTS LTD


Director	MCMILLAN, Ross


Registered Address	1 Gartness Road
	Killearn
	Glasgow
	G63 9NT


Registered Number	SC613591 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		17,847		33,958
			17,847		33,958
Current assets
Debtors		288,382		155,517
Cash at bank and on hand		64,979		50,421
		353,361		205,938
Creditors amounts falling due within one year	4	(215,179)		(128,938)
Net current assets (liabilities)			138,182		77,000
Total assets less current liabilities			156,029		110,958
Creditors amounts falling due after one year	5		(308,491)		(3,781)
Net assets			(152,462)		107,177
Capital and reserves
Called up share capital			1		1
Profit and loss account			(152,463)		107,176
Shareholders' funds			(152,462)		107,177

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 August 2026, and are signed on its behalf by:

MCMILLAN, Ross
Director
Registered Company No. SC613591

VERTICE PROJECTS LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 24	69,589	433	70,022
At 30 November 25	69,589	433	70,022
Depreciation and impairment
At 01 December 24	35,847	217	36,064
Charge for year	16,111	-	16,111
At 30 November 25	51,958	217	52,175
Net book value
At 30 November 25	17,631	216	17,847
At 30 November 24	33,742	216	33,958

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	168,752	106,829
Bank borrowings and overdrafts	58,850	1,732
Taxation and social security	(12,423)	20,377
Total	215,179	128,938


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other 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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	308,491	3,781
Total	308,491	3,781