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Company Registration No. 11859034 (England and Wales)
VESYNTA LIMITED Unaudited accounts for the year ended 31 August 2023
VESYNTA LIMITED Unaudited accounts Contents
Page
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VESYNTA LIMITED Company Information for the year ended 31 August 2023
Directors
Jugal Suthar Alaric William Taylor-Roffey
Company Number
11859034 (England and Wales)
Registered Office
INNOVATION GATEWAY THE LONDON CANCER HUB COTSWOLD ROAD SUTTON SURREY SM2 5NG ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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VESYNTA LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,122 
6,122 
Tangible assets
15,889 
13,801 
22,011 
19,923 
Current assets
Debtors
54,007 
7,048 
Cash at bank and in hand
45,016 
21,613 
99,023 
28,661 
Creditors: amounts falling due within one year
(19,003)
(8,665)
Net current assets
80,020 
19,996 
Total assets less current liabilities
102,031 
39,919 
Creditors: amounts falling due after more than one year
(307,221)
(89,185)
Net liabilities
(205,190)
(49,266)
Capital and reserves
Called up share capital
9 
9 
Profit and loss account
(205,199)
(49,275)
Shareholders' funds
(205,190)
(49,266)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Jugal Suthar Director Company Registration No. 11859034
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VESYNTA LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
VESYNTA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11859034. The registered office is INNOVATION GATEWAY THE LONDON CANCER HUB, COTSWOLD ROAD, SUTTON, SURREY, SM2 5NG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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VESYNTA LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2022
6,122 
At 31 August 2023
6,122 
Amortisation
At 1 September 2022
- 
At 31 August 2023
- 
Net book value
At 31 August 2023
6,122 
At 31 August 2022
6,122 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
16,560 
1,356 
17,916 
Additions
4,645 
2,467 
7,112 
At 31 August 2023
21,205 
3,823 
25,028 
Depreciation
At 1 September 2022
3,716 
399 
4,115 
Charge for the year
4,085 
939 
5,024 
At 31 August 2023
7,801 
1,338 
9,139 
Net book value
At 31 August 2023
13,404 
2,485 
15,889 
At 31 August 2022
12,844 
957 
13,801 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
20,651 
7,048 
Accrued income and prepayments
2,483 
- 
Other debtors
30,873 
- 
54,007 
7,048 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,118 
- 
Taxes and social security
9,321 
5,078 
Other creditors
2,814 
1,787 
Accruals
750 
1,800 
19,003 
8,665 
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VESYNTA LIMITED Notes to the Accounts for the year ended 31 August 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
307,221 
89,185 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
90,000 Ordinary shares of £0.0001 each
9 
9 
10
Average number of employees
During the year the average number of employees was 6 (2022: 8).
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