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REGISTERED NUMBER: 00594688 (England and Wales)














VERO LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2013






VERO LIMITED (REGISTERED NUMBER: 00594688)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

VERO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2013







DIRECTOR: Miss V C Verdon-Roe



SECRETARY: Miss V C Verdon-Roe



REGISTERED OFFICE: Vero Limited
Greenaway Lane
Warsash
Southampton
Hampshire
SO31 9HT



REGISTERED NUMBER: 00594688 (England and Wales)



ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU



BANKERS: Royal Bank of Scotland
1-2 Westquay House
20 West Street
Fareham
Hampshire
PO16 0LH

VERO LIMITED (REGISTERED NUMBER: 00594688)

ABBREVIATED BALANCE SHEET
31 AUGUST 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 978,476 957,755

CURRENT ASSETS
Debtors 185,893 239,435
Cash at bank and in hand 8,366 84,107
194,259 323,542
CREDITORS
Amounts falling due within one year 43,173 57,991
NET CURRENT ASSETS 151,086 265,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,562

1,223,306

PROVISIONS FOR LIABILITIES 7,432 5,082
NET ASSETS 1,122,130 1,218,224

CAPITAL AND RESERVES
Called up share capital 3 1,500 1,500
Revaluation reserve 865,806 866,867
Capital redemption reserve 500 500
Profit and loss account 254,324 349,357
SHAREHOLDERS' FUNDS 1,122,130 1,218,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VERO LIMITED (REGISTERED NUMBER: 00594688)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 January 2014 and were signed by:





Miss V C Verdon-Roe - Director


VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents amounts receivable for services, net of value added tax.

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

Freehold property - 5% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

Leased assets
Assets sold to customers under hire purchase contracts are excluded from the fixed assets of the
company and reported in the balance sheet as debtors due within or after one year for the amount
expected to be received from those contracts. Receipts from hire purchase contracts contain a capital
element which reduces the debtor, and an interest charge which is credited to revenue so as to give a
constant return on funds invested in the contracts.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2012 1,049,057
Additions 35,322
At 31 August 2013 1,084,379
DEPRECIATION
At 1 September 2012 91,302
Charge for year 14,601
At 31 August 2013 105,903
NET BOOK VALUE
At 31 August 2013 978,476
At 31 August 2012 957,755

VERO LIMITED (REGISTERED NUMBER: 00594688)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2013

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
1,500 Ordinary A £1 1,500 1,500

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2013 and
31 August 2012:

2013 2012
£    £   
Miss V C Verdon-Roe
Balance outstanding at start of year 27,328 -
Amounts advanced 37,512 28,661
Amounts repaid (31,083 ) (1,333 )
Balance outstanding at end of year 33,757 27,328

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2012 - £30,000) were paid to the director .

Included within debtors is a loan of £107,436 (2012: £100,550) due from Mrs B L Verdon-Roe deceased.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss V C Verdon-Roe.