Veracity Consulting Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03678969 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Veracity Consulting Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J A P Mcdougall

Ms P Lavery Mcdougall

SECRETARY:

Ms P Lavery Mcdougall

REGISTERED OFFICE:

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

REGISTERED NUMBER:

03678969 (England and Wales)

ACCOUNTANTS:

Ardor Business Solutions Limited

Chartered Certified Accountants

Unit 1

Shrine Barn

Sanding Road

Hythe

Kent

CT21 4HE

CURRENT ASSETS

Debtors

6

249,655

251,186

CREDITORS

Amounts falling due within one year

7

1,145

373

NET CURRENT ASSETS

248,510

250,813

TOTAL ASSETS LESS CURRENT LIABILITIES

248,510

250,813

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

248,508

250,811

SHAREHOLDERS' FUNDS

248,510

250,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2023 and were signed on its behalf by:

J A P Mcdougall - Director

1.	STATUTORY INFORMATION

Veracity Consulting Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound Sterling.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

15,041

DEPRECIATION

At 1 April 2022

and 31 March 2023

15,041

NET BOOK VALUE

At 31 March 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Directors' current accounts

197,462

198,993

Corporation Tax refund

52,193

52,193

249,655

251,186

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Accrued expenses

1,145

373

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23

31/3/22

£

£

Ms P Lavery Mcdougall

Balance outstanding at start of year

71,518

71,518

Amounts repaid

(180

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

71,338

71,518

J A P Mcdougall

Balance outstanding at start of year

127,475

128,221

Amounts repaid

(1,351

)

(746

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,124

127,475

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.