Veritek Ltd,Ltd - Accounts
Veritek Ltd,Ltd - Accounts
| Registered Number:04705403 |
For the year ended 31 March 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2016
Veritek Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
| As at |
Veritek Ltd
Statement of Financial Position
| Registered Number : |
| £ |
| £ |
2015
2016
| Notes |
| Fixed assets |
| Property, plant and equipment |
2
| Current assets |
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(260,054 )
(488,422 )
3
(259,325)
(487,059 )
Net current liabilities
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(151,952 )
(151,933 )
4
(63,040 )
Net liabilities
(58,282 )
| Capital and reserves |
| Called up share capital |
| Retained earnings |
(63,042 )
(58,284 )
(63,040 )
(58,282 )
Shareholders' funds
| 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
1 of 3
4
For the year ended 31 March 2016
Veritek Ltd
Notes to the Financial Statements
Statutory Information
| Veritek Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 04705403. |
| Registered address: |
103 High Street
Waltham Cross
Herts
EN8 7AN
| The presentation currency is £ sterling. |
| 1. Accounting policies |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Fixtures and fittings
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| 2. Property, plant and equipment |
| Total |
| Fixtures and |
| fittings |
| Land and |
| buildings |
| £ |
| £ |
| £ |
| Cost or |
| valuation |
| At 01 April 2015 |
| Additions |
| At 31 March 2016 |
| Provision for depreciation and impairment |
| At 01 April 2015 |
Charge for year
| At 31 March 2016 |
| At 31 March 2016 |
| Net book value |
| At 31 March 2015 |
2 of 3
5
For the year ended 31 March 2016
Veritek Ltd
Notes to the Financial Statements Continued
| 3. Trade and other payables: amounts falling due within one year |
2015
2016
| £ |
| £ |
| Bank loans and overdraft |
| Trade creditors |
| Other creditors |
| 4. Trade and other payables: amounts falling due after more than one year |
2015
2016
| £ |
| £ |
| Bank loans and overdraft |
| 5. Related party transactions |
| The company was under the control of Mr B. Roth throughout the current year. Mr B. Roth is personally interested in |
| 50% of the company's issued share capital and Mr C. Perlman is personally interested in the remaining 50% of the |
| company's issued share capital. |
3 of 3