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REGISTERED NUMBER: 05135019 (England and Wales)





















Abridged Unaudited Financial Statements For The Year Ended 31 March 2024

for

Versi Associates Limited

Versi Associates Limited (Registered number: 05135019)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Versi Associates Limited

Company Information
For The Year Ended 31 March 2024







DIRECTOR: R J Versi





SECRETARY: Mrs M Versi





REGISTERED OFFICE: 6 Verwood Road
North Harrow
Middlesex
HA2 6LD





REGISTERED NUMBER: 05135019 (England and Wales)





ACCOUNTANTS: Citi Partners Chartered Accountants
Gatcombe House
Copnor
Portsmouth
Hampshire
PO3 5EJ

Versi Associates Limited (Registered number: 05135019)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,133 17,142

CURRENT ASSETS
Debtors 39,449 38,252
Cash at bank 291,902 269,105
331,351 307,357
CREDITORS
Amounts falling due within one year (40,183 ) (40,700 )
NET CURRENT ASSETS 291,168 266,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,301

283,799

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 304,001 283,499
SHAREHOLDERS' FUNDS 304,301 283,799

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 director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:



R J Versi - Director


Versi Associates Limited (Registered number: 05135019)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Versi Associates 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.

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 etc - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2023 - 2 ) .

Versi Associates Limited (Registered number: 05135019)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 44,235
Additions 508
At 31 March 2024 44,743
DEPRECIATION
At 1 April 2023 27,093
Charge for year 4,517
At 31 March 2024 31,610
NET BOOK VALUE
At 31 March 2024 13,133
At 31 March 2023 17,142

5. RELATED PARTY DISCLOSURES

The director, Mr R Versi, and his immediate family control the company by virtue of their shareholdings.

At the year end the company owed Mr Versi £8,214 (2023: £10,585).