VERTICE TECHNOLOGY LTD

VERTICE TECHNOLOGY LTD

VERTICE TECHNOLOGY LTD - Company Information

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VERTICE TECHNOLOGY LTD

Company Registration Number:
13776471 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 December 2021

End date: 31 December 2022

VERTICE TECHNOLOGY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

VERTICE TECHNOLOGY LTD

Balance sheet

As at 31 December 2022


Notes
13 months to 31 December 2022


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 43,933
Investments:   0
Total fixed assets: 43,933
Current assets
Stocks: 0
Debtors:   494,095
Cash at bank and in hand: 728,704
Investments:   0
Total current assets: 1,222,799
Creditors: amounts falling due within one year:   (641,559)
Net current assets (liabilities): 581,240
Total assets less current liabilities: 625,173
Creditors: amounts falling due after more than one year:   (4,819,464)
Provision for liabilities: 0
Total net assets (liabilities): (4,194,291)
Capital and reserves
Called up share capital: 1
Share premium account: 0
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: (4,194,292)
Shareholders funds: (4,194,291)

The notes form part of these financial statements

VERTICE TECHNOLOGY LTD

Balance sheet statements

For the year ending 31 December 2022 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 01 December 2023
and signed on behalf of the board by:

Name: Roy Tuvey
Status: Director

The notes form part of these financial statements

VERTICE TECHNOLOGY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

VERTICE TECHNOLOGY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

13 months to 31 December 2022
Average number of employees during the period 15

VERTICE TECHNOLOGY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
Additions 55,101
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 55,101
Depreciation
Charge for year 11,168
On disposals 0
Other adjustments 0
At 31 December 2022 11,168
Net book value
At 31 December 2022 43,933

VERTICE TECHNOLOGY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Related party transactions

Name of the related party:
Relationship:
Fellow subsidiary
Description of the Transaction: Transfer pricing agreement
£
Balance at 31 December 2022 423,464
Name of the related party:
Relationship:
Fellow subsidiary
Description of the Transaction: Transfer pricing agreement
£
Balance at 31 December 2022 916,085
Name of the related party:
Relationship:
Parent company
Description of the Transaction: Intercompany loan
£
Balance at 31 December 2022 3,479,915