VETUST GLOBAL LTD.


VETUST GLOBAL LTD.

Company Registration Number:
11242875 (England and Wales)

Unaudited abridged accounts for the year ended 05 April 2020

Period of accounts

Start date: 06 April 2019

End date: 05 April 2020

VETUST GLOBAL LTD.

Contents of the Financial Statements

for the Period Ended 05 April 2020

Balance sheet
Notes

VETUST GLOBAL LTD.

Balance sheet

As at 05 April 2020


Notes

2020

13 months to 5 April 2019


£

£
Current assets
Debtors:   303,205 687,061
Cash at bank and in hand: 68,739 119,841
Total current assets: 371,944 806,902
Creditors: amounts falling due within one year: 3 (108,933) (145,269)
Net current assets (liabilities): 263,011 661,633
Total assets less current liabilities: 263,011 661,633
Creditors: amounts falling due after more than one year: 4 (296,426) (663,162)
Total net assets (liabilities): (33,415) (1,529)
Capital and reserves
Called up share capital: 79,910 79,910
Other reserves: (210,007)
Profit and loss account: 96,682 (81,439)
Shareholders funds: (33,415) (1,529)

The notes form part of these financial statements

VETUST GLOBAL LTD.

Balance sheet statements

For the year ending 5 April 2020 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 19 May 2021
and signed on behalf of the board by:

Name: Barry Olson
Status: Director

The notes form part of these financial statements

VETUST GLOBAL LTD.

Notes to the Financial Statements

for the Period Ended 05 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VETUST GLOBAL LTD.

Notes to the Financial Statements

for the Period Ended 05 April 2020

2. Employees

2020 13 months to 5 April 2019
Average number of employees during the period 3 3

VETUST GLOBAL LTD.

Notes to the Financial Statements

for the Period Ended 05 April 2020

3. Creditors: amounts falling due within one year note

108933.03

VETUST GLOBAL LTD.

Notes to the Financial Statements

for the Period Ended 05 April 2020

4. Creditors: amounts falling due after more than one year note

296425.93

VETUST GLOBAL LTD.

Notes to the Financial Statements

for the Period Ended 05 April 2020

5. Related party transactions

Name of the related party: Commoneo, LLC and Veterans Sourcing Group
Relationship:
Legally separated related party entities
Description of the Transaction: Commoneo, LLC (USA) and Veteran's Sourcing Group (USA), infused cash into Vetust Global LTD. to support the working capital used during its first year of business operations. The proper required loan documents were drafted and executed by both entities.
£
Balance at 06 April 2019 619,874
Balance at 05 April 2020 296,426
Name of the related party: Commoneo, LLC and Veterans Sourcing Group
Relationship:
Legally separated related party entities
Description of the Transaction: Commoneo, LLC (USA) and Veteran's Sourcing Group (USA),infused cash into Vetust Global LTD. to support the workingcapital used during its first year of business operations. Theproper required loan documents were drafted and executed byboth entities.
£
Balance at 06 April 2019 619,874
Balance at 05 April 2020 296,426
Name of the related party: Commoneo, LLC and Veterans Sourcing Group
Relationship:
Legally separated related party entities
Description of the Transaction: Commoneo, LLC (USA) and Veteran's Sourcing Group (USA),infused cash into Vetust Global LTD. to support the workingcapital used during its first year of business operations. Theproper required loan documents were drafted and executed byboth entities.
£
Balance at 06 April 2019 619,874
Balance at 05 April 2020 296,426

Commoneo, LLC (USA) and Veteran's Sourcing Group (USA), infused cash into Vetust Global LTD. to support the working capital used during its first year of business operations. The proper required loan documents were drafted and executed by both entities.