Verismart Newcastle Limited 13279726 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a property inspection company. Digita Accounts Production Advanced 6.30.9574.0 true 13279726 2023-04-01 2024-03-31 13279726 2024-03-31 13279726 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13279726 bus:Micro-entities 2023-04-01 2024-03-31 13279726 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13279726 bus:FilletedAccounts 2023-04-01 2024-03-31 13279726 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13279726 bus:RegisteredOffice 2023-04-01 2024-03-31 13279726 bus:Director1 2023-04-01 2024-03-31 13279726 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13279726 countries:UnitedKingdom 2023-04-01 2024-03-31 13279726 2022-04-01 2023-03-31 13279726 2023-03-31 13279726 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13279726

Verismart Newcastle Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Verismart Newcastle Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

Detailed Profit and Loss Account

4 to 5

 

Verismart Newcastle Limited

Company Information

Director

Sheida Karam-Aslam

Registered office

35 Reid Park Road
Newcastle Upon Tyne
Northumberland
NE2 2ER

Accountants

Prescient Accounting Ltd
Chartered Accountants
Suite 51
2 Lansdowne Crescent
Bournemouth
BH1 1SA

 

Verismart Newcastle Limited

(Registration number: 13279726)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

9,877

13,524

Current assets

30,864

28,979

Prepayments and accrued income

9,000

-

Creditors: Amounts falling due within one year

(40,867)

(36,516)

Net current liabilities

(1,003)

(7,537)

Total assets less current liabilities

8,874

5,987

Accruals and deferred income

(1,550)

(1,550)

 

7,324

4,437

Capital and reserves

7,324

4,437

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
35 Reid Park Road
Newcastle Upon Tyne
Northumberland
NE2 2ER
United Kingdom

These financial statements were authorised for issue by the director on 13 August 2024.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Verismart Newcastle Limited

(Registration number: 13279726)
Balance Sheet as at 31 March 2024 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 August 2024
 

.........................................
Sheida Karam-Aslam
Director

 

Verismart Newcastle Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

Turnover (analysed below)

43,845

40,622

Cost of sales (analysed below)

(14,822)

(14,796)

Gross profit

29,023

25,826

Gross profit (%)

66.19%

63.58%

Administrative expenses

Employment costs (analysed below)

(9,289)

(1,119)

Establishment costs (analysed below)

(1,966)

(1,684)

General administrative expenses (analysed below)

(7,929)

(9,625)

Depreciation costs (analysed below)

(4,647)

(4,584)

(23,831)

(17,012)

Operating profit

5,192

8,814

Interest payable and similar expenses (analysed below)

(502)

(500)

Profit before tax

4,690

8,314

 

Verismart Newcastle Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2024 (continued)

2024
£

2023
£

   

Turnover

Sale of goods, UK

9,000

-

Rendering of services, UK

34,845

40,622

43,845

40,622

   

Cost of sales

Direct costs

(6,573)

(6,033)

Subcontract cost

(8,249)

(8,763)

(14,822)

(14,796)

   

Employment costs

Directors remuneration

(9,100)

-

Staff training

(189)

(1,119)

(9,289)

(1,119)

   

Establishment costs

Insurance

(706)

(353)

Use of home as office

(1,200)

(1,200)

Repairs and renewals

(60)

(131)

(1,966)

(1,684)

   

General administrative expenses

Computer software and maintenance costs

-

(267)

Printing, postage and stationery

(1,045)

(819)

Sundry expenses

55

(109)

Travel and subsistence

(3,502)

(5,972)

Advertising

(659)

(89)

Customer entertaining (disallowable for tax)

(155)

(155)

Accountancy fees

(2,461)

(2,214)

Consulting

(162)

-

(7,929)

(9,625)

   

Depreciation costs

Amortisation of goodwill

(4,355)

(4,355)

Depreciation of office equipment (owned)

(292)

(229)

(4,647)

(4,584)

   

Interest payable and similar expenses

Other interest payable

(502)

(500)