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REGISTERED NUMBER: 07126271 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

VERISYS LIMITED

VERISYS LIMITED (REGISTERED NUMBER: 07126271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERISYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L Farr
P J Riddeal
C J Tate





REGISTERED OFFICE: 1 Lovell House
Birchwood Park
Warrington
WA3 6FW





REGISTERED NUMBER: 07126271 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

VERISYS LIMITED (REGISTERED NUMBER: 07126271)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,692 14,044

CURRENT ASSETS
Debtors 5 180,985 172,419
Cash at bank 31,541 2,349
212,526 174,768
CREDITORS
Amounts falling due within one year 6 115,004 109,513
NET CURRENT ASSETS 97,522 65,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,214

79,299

CREDITORS
Amounts falling due after more than one year 7 (37,849 ) -

PROVISIONS FOR LIABILITIES (12,153 ) -
NET ASSETS 106,212 79,299

CAPITAL AND RESERVES
Called up share capital 8 115 115
Retained earnings 9 106,097 79,184
SHAREHOLDERS' FUNDS 106,212 79,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VERISYS LIMITED (REGISTERED NUMBER: 07126271)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:




P J Riddeal - Director C J Tate - Director




L Farr - Director


VERISYS LIMITED (REGISTERED NUMBER: 07126271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Verisys Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

VERISYS LIMITED (REGISTERED NUMBER: 07126271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 29,014 - 4,688 33,702
Additions 558 53,190 1,357 55,105
At 31 March 2024 29,572 53,190 6,045 88,807
DEPRECIATION
At 1 April 2023 18,486 - 1,172 19,658
Charge for year 6,309 2,770 1,378 10,457
At 31 March 2024 24,795 2,770 2,550 30,115
NET BOOK VALUE
At 31 March 2024 4,777 50,420 3,495 58,692
At 31 March 2023 10,528 - 3,516 14,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 128,515 129,808
Amounts owed by group undertakings 32,842 37,600
Prepayments and accrued income 19,628 5,011
180,985 172,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,512 -
Trade creditors 38,612 11,452
Amounts owed to group undertakings - 45,000
Tax 21,785 18,139
Social security and other taxes 7,638 6,200
VAT 36,006 22,919
Other creditors 4,229 522
Accruals and deferred income 1,222 5,281
115,004 109,513

VERISYS LIMITED (REGISTERED NUMBER: 07126271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 37,849 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
92 A Ordinary £1 92 92
23 B Ordinary £1 23 23
115 115

9. RESERVES
Retained
earnings
£   

At 1 April 2023 79,184
Profit for the year 98,913
Dividends (72,000 )
At 31 March 2024 106,097

10. RELATED PARTY DISCLOSURES

3OU Holdings Limited owns 100% of the company.

During the year dividends of £72,000 (2023: £68,000) were voted to 3OU Holdings Limited. At the balance sheet date 3OU Holdings Limited owed the company £22,552 (2023: £37,600).

Kaizen Consulting Engineers Limited is a company under common control.

At the balance sheet date Kaizen Consulting Engineers Limited owed the company £10,290 (2023: the company owed Kaizen Consulting Engineers Limited £45,000).