Company Registration No. 11859034 (England and Wales)
VESYNTA LIMITED
Unaudited accounts
for the year ended 31 August 2023
VESYNTA LIMITED
Unaudited accounts
Contents
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
VESYNTA LIMITED
Statement of financial position
as at 31 August 2023
Intangible assets
6,122
6,122
Tangible assets
15,889
13,801
Cash at bank and in hand
45,016
21,613
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)
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
VESYNTA LIMITED
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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.
VESYNTA LIMITED
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Other
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
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
At 31 August 2023
13,404
2,485
15,889
At 31 August 2022
12,844
957
13,801
Amounts falling due within one year
Accrued income and prepayments
2,483
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,321
5,078
Other creditors
2,814
1,787
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
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).