Veritas Procurement Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06314703

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			845		438

			845		438
CURRENT ASSETS
Debtors		47,608		55,018
Cash at bank and in hand		4,702		4,523

		52,310		59,541
Creditors: Amounts Falling Due Within One Year		(52,945 )		(57,360 )

NET CURRENT ASSETS (LIABILITIES)			(635 )		2,181

TOTAL ASSETS LESS CURRENT LIABILITIES			210		2,619

Creditors: Amounts Falling Due After More Than One Year			-		(2,407 )

NET ASSETS			210		212

CAPITAL AND RESERVES
Called up share capital	4		104		104
Profit and Loss Account			107		108

SHAREHOLDERS' FUNDS			211		212

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Veritas Procurement Services Limited

Balance Sheet (continued)

As At 31 July 2026

For the year ending 31 July 2026 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 Richard Nicholson

Director

25/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Veritas Procurement Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06314703 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.

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 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. 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% on cost and 10% on cost
Computer Equipment	33% on cost

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 2)

4. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	104	104

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Veritas Procurement Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

5. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2026
	£	£	£	£	£
Mr Richard Nicholson	29,528	111,579	(117,285 )	-	23,822

The above loan is unsecured and repayable on demand.

Interest is being charged at the official rate of 3.75%.

The director has undertaken to repay the the loan as soon as practically possible.

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