2023-01-012023-12-312023-12-31false09394629VERSATIL LIMITED2024-09-09iso4217:GBPxbrli:pure093946292023-01-01093946292023-12-31093946292023-01-012023-12-31093946292022-01-01093946292022-12-31093946292022-01-012022-12-3109394629bus:SmallEntities2023-01-012023-12-3109394629bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3109394629bus:FullAccounts2023-01-012023-12-3109394629bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109394629core:WithinOneYear2023-12-3109394629core:AfterOneYear2023-12-3109394629core:WithinOneYear2022-12-3109394629core:AfterOneYear2022-12-3109394629core:ShareCapital2023-12-3109394629core:SharePremium2023-12-3109394629core:RevaluationReserve2023-12-3109394629core:OtherReservesSubtotal2023-12-3109394629core:RetainedEarningsAccumulatedLosses2023-12-3109394629core:ShareCapital2022-12-3109394629core:SharePremium2022-12-3109394629core:RevaluationReserve2022-12-3109394629core:OtherReservesSubtotal2022-12-3109394629core:RetainedEarningsAccumulatedLosses2022-12-3109394629core:LandBuildings2023-12-3109394629core:PlantMachinery2023-12-3109394629core:Vehicles2023-12-3109394629core:FurnitureFittings2023-12-3109394629core:OfficeEquipment2023-12-3109394629core:NetGoodwill2023-12-3109394629core:IntangibleAssetsOtherThanGoodwill2023-12-3109394629core:ListedExchangeTraded2023-12-3109394629core:UnlistedNon-exchangeTraded2023-12-3109394629core:LandBuildings2022-12-3109394629core:PlantMachinery2022-12-3109394629core:Vehicles2022-12-3109394629core:FurnitureFittings2022-12-3109394629core:OfficeEquipment2022-12-3109394629core:NetGoodwill2022-12-3109394629core:IntangibleAssetsOtherThanGoodwill2022-12-3109394629core:ListedExchangeTraded2022-12-3109394629core:UnlistedNon-exchangeTraded2022-12-3109394629core:LandBuildings2023-01-012023-12-3109394629core:PlantMachinery2023-01-012023-12-3109394629core:Vehicles2023-01-012023-12-3109394629core:FurnitureFittings2023-01-012023-12-3109394629core:OfficeEquipment2023-01-012023-12-3109394629core:NetGoodwill2023-01-012023-12-3109394629core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109394629core:ListedExchangeTraded2023-01-012023-12-3109394629core:UnlistedNon-exchangeTraded2023-01-012023-12-3109394629core:MoreThanFiveYears2023-01-012023-12-3109394629core:Non-currentFinancialInstruments2023-12-3109394629core:Non-currentFinancialInstruments2022-12-3109394629dpl:CostSales2023-01-012023-12-3109394629dpl:DistributionCosts2023-01-012023-12-3109394629core:LandBuildings2023-01-012023-12-3109394629core:PlantMachinery2023-01-012023-12-3109394629core:Vehicles2023-01-012023-12-3109394629core:FurnitureFittings2023-01-012023-12-3109394629core:OfficeEquipment2023-01-012023-12-3109394629dpl:AdministrativeExpenses2023-01-012023-12-3109394629core:NetGoodwill2023-01-012023-12-3109394629core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109394629dpl:GroupUndertakings2023-01-012023-12-3109394629dpl:ParticipatingInterests2023-01-012023-12-3109394629dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3109394629core:ListedExchangeTraded2023-01-012023-12-3109394629dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3109394629core:UnlistedNon-exchangeTraded2023-01-012023-12-3109394629dpl:CostSales2022-01-012022-12-3109394629dpl:DistributionCosts2022-01-012022-12-3109394629core:LandBuildings2022-01-012022-12-3109394629core:PlantMachinery2022-01-012022-12-3109394629core:Vehicles2022-01-012022-12-3109394629core:FurnitureFittings2022-01-012022-12-3109394629core:OfficeEquipment2022-01-012022-12-3109394629dpl:AdministrativeExpenses2022-01-012022-12-3109394629core:NetGoodwill2022-01-012022-12-3109394629core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109394629dpl:GroupUndertakings2022-01-012022-12-3109394629dpl:ParticipatingInterests2022-01-012022-12-3109394629dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3109394629core:ListedExchangeTraded2022-01-012022-12-3109394629dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3109394629core:UnlistedNon-exchangeTraded2022-01-012022-12-3109394629core:NetGoodwill2023-12-3109394629core:IntangibleAssetsOtherThanGoodwill2023-12-3109394629core:LandBuildings2023-12-3109394629core:PlantMachinery2023-12-3109394629core:Vehicles2023-12-3109394629core:FurnitureFittings2023-12-3109394629core:OfficeEquipment2023-12-3109394629core:AfterOneYear2023-12-3109394629core:WithinOneYear2023-12-3109394629core:ListedExchangeTraded2023-12-3109394629core:UnlistedNon-exchangeTraded2023-12-3109394629core:ShareCapital2023-12-3109394629core:SharePremium2023-12-3109394629core:RevaluationReserve2023-12-3109394629core:OtherReservesSubtotal2023-12-3109394629core:RetainedEarningsAccumulatedLosses2023-12-3109394629core:NetGoodwill2022-12-3109394629core:IntangibleAssetsOtherThanGoodwill2022-12-3109394629core:LandBuildings2022-12-3109394629core:PlantMachinery2022-12-3109394629core:Vehicles2022-12-3109394629core:FurnitureFittings2022-12-3109394629core:OfficeEquipment2022-12-3109394629core:AfterOneYear2022-12-3109394629core:WithinOneYear2022-12-3109394629core:ListedExch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VERSATIL LIMITED

Registered Number
09394629
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

VERSATIL LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Mrs Samina Imran

Registered Address

24 Longford Close
Hampton Hill
Hampton
TW12 1AB

Place of Business

2a High Street High Street

South Norwood

London

SE25 6EP


Registered Number

09394629 (England and Wales)
VERSATIL LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets397,61896,710
97,61896,710
Current assets
Debtors417,68517,485
Cash at bank and on hand12,55225,014
30,23742,499
Creditors amounts falling due within one year5(6,718)(3,192)
Net current assets (liabilities)23,51939,307
Total assets less current liabilities121,137136,017
Creditors amounts falling due after one year6(234,942)(225,747)
Net assets(113,805)(89,730)
Capital and reserves
Called up share capital100100
Profit and loss account(113,905)(89,830)
Shareholders' funds(113,805)(89,730)
The financial statements were approved and authorised for issue by the Director on 9 September 2024, and are signed on its behalf by:
Mrs Samina Imran
Director
Registered Company No. 09394629
VERSATIL LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering of services.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year33
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 January 234,403138,9735,750149,126
Additions-8,356-8,356
Disposals--(5,750)(5,750)
At 31 December 234,403147,329-151,732
Depreciation and impairment
At 01 January 234,00342,6635,75052,416
Charge for year4007,048-7,448
On disposals--(5,750)(5,750)
At 31 December 234,40349,711-54,114
Net book value
At 31 December 23-97,618-97,618
At 31 December 2240096,310-96,710
Land and building represents capitalised leasehold improvements costs, which are depreciated over the term of the remaining lease.
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables1,2002,250
Other debtors15,23515,235
Prepayments and accrued income1,250-
Total17,68517,485
Other debtors includes security deposit of £15,000 (2022: £15,000) held by the landlord of the shop premises.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables983-
Bank borrowings and overdrafts1,9921,992
Other creditors2,303-
Accrued liabilities and deferred income1,4401,200
Total6,7183,192
Director's loan represents interest free loans owed to Mrs Samina Imran.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts12,61114,603
Other creditors222,331211,144
Total234,942225,747
7.Operating lease commitments
In the year, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £247,500 (2022: £6,740). The non-cancellable operating lease related to the shop premises. The annual lease was £15,000 which expired on 12 June 2040.
8.Controlling party
The company is controlled by the director (Mrs Samina Imran) as she holds the 100% share capital.