Verulam Consultants Ltd

Verulam Consultants Ltd

VERULAM CONSULTANTS LTD - Company Information

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Company Registration No. 09134865 (England and Wales)
Verulam Consultants Ltd Unaudited accounts for the year ended 31 July 2022
Verulam Consultants Ltd Unaudited accounts Contents
Page
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Verulam Consultants Ltd Company Information for the year ended 31 July 2022
Directors
Robin Lane Anna Katherine Lane
Company Number
09134865 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN
Accountants
Heartwood Accountants Limited 103 High Street Waltham Cross Herts EN87AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Verulam Consultants Ltd for the year ended 31 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Verulam Consultants Ltd for the year ended 31 July 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Verulam Consultants Ltd, as a body, in accordance with the terms of our engagement letter dated 12 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Verulam Consultants Ltd and state those matters that we have agreed to state to the Board of Directors of Verulam Consultants Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Verulam Consultants Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Verulam Consultants Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Verulam Consultants Ltd. You consider that Verulam Consultants Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Verulam Consultants Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Heartwood Accountants Limited Chartered Accountants 103 High Street Waltham Cross Herts EN87AN 3 July 2023
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Verulam Consultants Ltd Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1 
667 
Current assets
Cash at bank and in hand
5,041 
12,272 
Creditors: amounts falling due within one year
5
(6,010)
(12,939)
Net current liabilities
(969)
(667)
Net liabilities
(968)
- 
Capital and reserves
Called up share capital
6
100 
100 
Profit and loss account
(1,068)
(100)
Shareholders' funds
(968)
- 
For the year ending 31 July 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2023 and were signed on its behalf by
Robin Lane Director Company Registration No. 09134865
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Verulam Consultants Ltd Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
Verulam Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09134865. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2021
6,187 
At 31 July 2022
6,187 
Depreciation
At 1 August 2021
5,520 
Charge for the year
666 
At 31 July 2022
6,186 
Net book value
At 31 July 2022
1 
At 31 July 2021
667 
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Verulam Consultants Ltd Notes to the Accounts for the year ended 31 July 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
2,218 
Taxes and social security
- 
3,879 
Loans from directors
5,230 
6,842 
Accruals
780 
- 
6,010 
12,939 
6
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
The company was under the control of Mr R. Lane throughout the current year. Mr R. Lane is personally interested in 50% of the company's share capital. Ms A. Lane is in control of 50% of the company's share capital.
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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