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REGISTERED NUMBER: 09634039 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

VERISMART SHEFFIELD LTD

VERISMART SHEFFIELD LTD (REGISTERED NUMBER: 09634039)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VERISMART SHEFFIELD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTOR: A C Willey





REGISTERED OFFICE: 9 Canary Court
Sunnyside
Rotherham
South Yorkshire
S66 3SA





REGISTERED NUMBER: 09634039 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

VERISMART SHEFFIELD LTD (REGISTERED NUMBER: 09634039)

BALANCE SHEET
30 JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,400 7,200
Tangible assets 5 1,935 1,503
7,335 8,703

CURRENT ASSETS
Debtors 6 4,796 7,188
Cash at bank 17,971 17,147
22,767 24,335
CREDITORS
Amounts falling due within one year 7 2,753 7,471
NET CURRENT ASSETS 20,014 16,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,349

25,567

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 27,348 25,566
SHAREHOLDERS' FUNDS 27,349 25,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 August 2022 and were signed by:




A C Willey - Director


VERISMART SHEFFIELD LTD (REGISTERED NUMBER: 09634039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022


1. STATUTORY INFORMATION

Verismart Sheffield 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence fee are being amortised evenly over their estimated useful life of nil years.

Licences and concessions
Licences and concessions are included at cost and amortised in equal annual instalments over their estimated useful lives.

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

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 balance sheet date.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VERISMART SHEFFIELD LTD (REGISTERED NUMBER: 09634039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. LICENCE FEES
Licence
fee
£   
COST
At 1 July 2021
and 30 June 2022 18,000
AMORTISATION
At 1 July 2021 10,800
Amortisation for year 1,800
At 30 June 2022 12,600
NET BOOK VALUE
At 30 June 2022 5,400
At 30 June 2021 7,200

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2021 1,768
Additions 774
At 30 June 2022 2,542
DEPRECIATION
At 1 July 2021 265
Charge for year 342
At 30 June 2022 607
NET BOOK VALUE
At 30 June 2022 1,935
At 30 June 2021 1,503

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,796 7,188

VERISMART SHEFFIELD LTD (REGISTERED NUMBER: 09634039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 687
Taxation and social security 1,435 1,652
Other creditors 1,318 5,132
2,753 7,471

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the director in the sum of £298 (2021: £3,292). The transactions during the year consisted of introductions of £23,675 as against withdrawals of £26,669.

There are no formal repayment terms attached to this loan and interest is not being charged.