Veracity Solutions Limited in Prestwick,, KA9 2TU

Description

Data updated on: 01-11-2023

1996 signifies the beginning of Veracity Solutions Limited, a firm which is located at Prestwick International Aerospace Park, 4 Dow Road, in Prestwick,. That would make twenty eight years Veracity Solutions has existed on the market, as it was created on Friday 1st November 1996. The Companies House Reg No. is SC169482 and its area code is KA9 2TU. It has been already two years that This firm's name is Veracity Solutions Limited, but up till 2022 the business name was Visual Management Systems and before that, until Friday 1st September 2000 this company was known as Regard (scotland). This means it has used four different company names. This business's declared SIC number is 62090 which stands for Other information technology service activities. Veracity Solutions Ltd reported its latest accounts for the period up to 31st December 2022. Its latest annual confirmation statement was submitted on 1st November 2022.

Within the business, all of director's tasks up till now have been executed by Paul R., David C., Alastair M. and John D.. Out of these four people, John D. has managed business for the longest period of time, having been one of the many members of the Management Board since 2018. What is more, the director's tasks are regularly assisted with by a secretary - David C., who was chosen by the following business in 2019.

Previous company's names
Veracity Solutions Limited 2022-03-29
Visual Management Systems Limited 2000-09-01
Regard (scotland) Limited 1997-12-03
Akd Technology Limited 1996-11-01

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-05-31	2016-05-31	2017-05-31	2018-05-31	2019-05-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency
Net Worth	673 280	760 541

Balance Sheet
Cash Bank On Hand		403 016	36 243	536 859	636 713	371 520	171 350	448 944	863 951	1 415 033
Current Assets	1 196 924	1 343 605	878 600	1 520 811	1 595 810	1 376 196	754 409	949 357	2 686 072	2 327 291
Debtors	499 600	615 966	366 307	744 201	726 366	787 208	475 403	384 946	1 670 083	745 138
Net Assets Liabilities		760 541	545 604	502 255	870 680	848 173		483 912	1 216 269	1 686 636
Other Debtors		145 607	16 345	39 599	40 046	55 547	69 761	86 392	82 506	102 632
Property Plant Equipment		293 658	52 903	65 158	176 377	168 564	185 604	100 457	63 520	40 409
Total Inventories		324 623	476 050	239 751	232 731	217 468	107 656	115 467	152 038
Cash Bank In Hand	403 070	403 016
Stocks Inventory	294 254	324 623
Tangible Fixed Assets	306 504	293 658

Capital & Reserves
Called Up Share Capital	100	100
Profit Loss Account Reserve	673 180	760 441
Shareholder Funds	673 280	760 541

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment		152 807	105 187	117 842	67 060	81 730	107 129	106 581	158 330	169 610
Additions Other Than Through Business Combinations Property Plant Equipment										37 123
Amounts Owed By Related Parties					1 199	2 066	9 866	2 066	88 072
Amounts Owed To Group Undertakings						745	300	193 750	118 750	34 309
Average Number Employees During Period			27	27	32	34	31	24	21	19
Bank Borrowings Overdrafts		52 714
Corporation Tax Recoverable							108 186	78 385
Creditors		824 008	385 899	1 074 151	870 305	696 587	278 122	193 750	118 750	673 408
Future Minimum Lease Payments Under Non-cancellable Operating Leases					128 755	93 640	58 525	23 410	87 787	52 672
Increase From Depreciation Charge For Year Property Plant Equipment			7 562	12 655	29 711	14 671	34 079		51 749	59 351
Net Current Assets Liabilities	442 750	519 597	492 701	446 660	725 505	679 609	476 287	577 205	1 283 568	1 653 883
Other Creditors		226 962	206 664	59 588	15 801	149 620	167 081	165 933	740 683	226 384
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			55 182				8 680			48 071
Other Disposals Property Plant Equipment			288 375				14 716			48 954
Other Taxation Social Security Payable		82 200	44 377	17 502	21 334	98 514	66 593	57 909	227 412	161 255
Property Plant Equipment Gross Cost		446 465	158 090	183 000	243 437	250 294	292 733	207 038	221 850	210 019
Provisions For Liabilities Balance Sheet Subtotal				9 563	31 202				12 069	7 656
Total Additions Including From Business Combinations Property Plant Equipment				24 910	151 569	6 857	57 155		14 812
Total Assets Less Current Liabilities	749 254	813 255	545 604	511 818	901 882	848 173	661 891	677 662	1 347 088	1 694 292
Trade Creditors Trade Payables		215 411	134 858	451 968	475 471	447 708	44 148	140 942	434 409	251 460
Trade Debtors Trade Receivables		470 359	349 962	704 350	626 417	729 595	287 590	218 103	1 499 505	642 506
Accrued Liabilities Deferred Income				303 882	242 004
Amounts Owed By Group Undertakings				252	1 199
Disposals Decrease In Depreciation Impairment Property Plant Equipment					80 493
Disposals Property Plant Equipment					91 132
Loans From Directors			5 000
Nominal Value Allotted Share Capital			100	103	103
Nominal Value Shares Issued Specific Share Issue				0
Number Shares Issued Fully Paid				10 321	10 321
Number Shares Issued Specific Share Issue				321
Par Value Share		1		0	0
Prepayments Accrued Income				9 741	58 704
Value-added Tax Payable			236 211	115 695
Creditors Due After One Year	75 974	52 714
Creditors Due Within One Year	754 174	824 008
Number Shares Allotted		100
Share Capital Allotted Called Up Paid	100	100