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Verto People Ltd
Financial Statements
For the Period 1 March 2025 to 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12441219
31 December 2025 28 February 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,402 3,796
Investments 6 57,588 57,047
61,990 60,843
CURRENT ASSETS
Debtors 7 306,316 209,361
Cash at bank and in hand 285,484 314,114
591,800 523,475
Creditors: Amounts Falling Due Within One Year 8 (270,281 ) (310,367 )
NET CURRENT ASSETS (LIABILITIES) 321,519 213,108
TOTAL ASSETS LESS CURRENT LIABILITIES 383,509 273,951
Creditors: Amounts Falling Due After More Than One Year 9 - (4,420 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (1,101 ) (949 )
NET ASSETS 382,408 268,582
CAPITAL AND RESERVES
Called up share capital 12 306 306
Profit and Loss Account 382,102 268,276
SHAREHOLDERS' FUNDS 382,408 268,582
Page 1
Page 2
For the period ending 31 December 2025 the company was entitled to exemption from audit 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.
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
Mr M J Doig
Director
Mr R L Sturgess
Director
Mr A J Hatfield
Director
11/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Verto People Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12441219 . The registered office is Arena Business Centre Solent Road, Havant, Hampshire, PO9 1TR.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are amortised to the profit and loss account over its estimated economic life of 3 years.
2.4. 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 33.33% SL
Computer Equipment 33.33% SL
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
2.9. Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group
3. Average Number of Employees
Average number of employees, including directors, during the period was: 23 (2025: 20)
23 20
4. Intangible Assets
Other
£
Cost
As at 1 March 2025 11,699
As at 31 December 2025 11,699
Amortisation
As at 1 March 2025 11,699
As at 31 December 2025 11,699
Net Book Value
As at 31 December 2025 -
As at 1 March 2025 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2025 - 12,650 12,650
Additions 3,120 - 3,120
Disposals (121 ) (188 ) (309 )
Transfers 6,502 (6,502 ) -
As at 31 December 2025 9,501 5,960 15,461
Depreciation
As at 1 March 2025 - 8,854 8,854
Provided during the period 1,325 1,109 2,434
Disposals (41 ) (188 ) (229 )
Transfers 5,351 (5,351 ) -
As at 31 December 2025 6,635 4,424 11,059
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2025 2,866 1,536 4,402
As at 1 March 2025 - 3,796 3,796
6. Investments
Unlisted Other Total
£ £ £
Cost or Valuation
As at 1 March 2025 32,047 25,000 57,047
Additions 541 - 541
As at 31 December 2025 32,588 25,000 57,588
Provision
As at 1 March 2025 - - -
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 32,588 25,000 57,588
As at 1 March 2025 32,047 25,000 57,047
7. Debtors
31 December 2025 28 February 2025
£ £
Due within one year
Trade debtors 298,573 176,391
Prepayments and accrued income 2,821 28,050
Other debtors 4,922 4,920
306,316 209,361
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 28 February 2025
£ £
Trade creditors 7,099 2,702
Bank loans and overdrafts 6,312 9,584
Corporation tax 98,148 99,505
Other taxes and social security 33,123 19,229
VAT 35,331 50,036
Credit card 37,342 27,428
Pensions 2,921 1,566
Accruals and deferred income 2,270 2,430
Directors' loan accounts - 97,887
Amounts owed to parent undertaking 47,735 -
270,281 310,367
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 28 February 2025
£ £
Bank loans - 4,420
10. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2025 28 February 2025
£ £
Other timing differences 1,101 949
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2025 949 949
Additions 152 152
Balance at 31 December 2025 1,101 1,101
12. Share Capital
31 December 2025 28 February 2025
Allotted, called up and fully paid £ £
306 Ordinary Shares of £ 1.00 each 306 306
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Verto People Group Ltd . Verto People Group Ltd was incorporated in England & Wales and its Registered Office is Arena Business Centre, Solent Road, Havant, Hampshire, PO9 1TR .
Verto People Group Ltd is jointly owned and controlled. Therefore there is no ultimate controlling party.
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