VERSAN LIMITED

Company Registration Number:
04976936 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

VERSAN LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

VERSAN LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,257,933 1,292,655
Total fixed assets: 1,257,933 1,292,655
Current assets
Stocks: 42,449 42,449
Debtors:   459,888 350,841
Cash at bank and in hand: 437,526 288,363
Total current assets: 939,863 681,653
Creditors: amounts falling due within one year:   (560,912) (600,682)
Net current assets (liabilities): 378,951 80,971
Total assets less current liabilities: 1,636,884 1,373,626
Creditors: amounts falling due after more than one year: 4 (741,464) (737,029)
Total net assets (liabilities): 895,420 636,597
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 895,320 636,497
Shareholders funds: 895,420 636,597

The notes form part of these financial statements

VERSAN LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2024
and signed on behalf of the board by:

Name: Y H Wang
Status: Director

The notes form part of these financial statements

VERSAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the sales receivable from the services supplied during the year in concern, net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows: Freehold property - 2% on cost Motor vehicles - 25% on reducing balance Plant and machinery - 25% on reducing balance Office equipment - 25% on reducing balance

Other accounting policies

Deferred tax Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. They are not discounted.

VERSAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 7 8

VERSAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 1,499,301
Disposals (3,806)
At 31 January 2024 1,495,495
Depreciation
At 01 February 2023 206,646
Charge for year 34,722
On disposals (3,806)
At 31 January 2024 237,562
Net book value
At 31 January 2024 1,257,933
At 31 January 2023 1,292,655

VERSAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due after more than one year note

Creditors - Amount falling due after one year - £741464