1 June 2023 false No description of principal activity Taxfiler 2024.6 07651685business:PrivateLimitedCompanyLtd2023-06-012024-05-31 076516852023-05-31 076516852023-06-012024-05-31 07651685business:AuditExemptWithAccountantsReport2023-06-012024-05-31 07651685business:FilletedAccounts2023-06-012024-05-31 076516852024-05-31 076516852023-05-31 07651685core:WithinOneYear2024-05-31 07651685core:WithinOneYear2023-05-31 07651685core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 07651685core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07651685core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 07651685core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07651685core:PreviouslyStatedAmount2024-05-31 07651685core:PreviouslyStatedAmount2023-05-31 07651685business:SmallEntities2023-06-012024-05-31 07651685business:Director12023-06-012024-05-31 07651685countries:EnglandWales2023-06-012024-05-31 07651685business:RegisteredOffice2023-06-012024-05-31 07651685core:PlantMachinery2023-06-012024-05-31 07651685core:MotorVehicles2023-06-012024-05-31 07651685core:PlantMachinery2023-05-31 07651685core:MotorVehicles2023-05-31 07651685core:ComputerEquipment2023-05-31 07651685core:PlantMachinery2024-05-31 07651685core:MotorVehicles2024-05-31 07651685core:ComputerEquipment2024-05-31 07651685core:ComputerEquipment2023-06-012024-05-31 076516852022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07651685 (England and Wales)
Varelse Ltd Unaudited accounts for the year ended 31 May 2024
Varelse Ltd Unaudited accounts Contents
Page
- 2 -
Varelse Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
67 
67 
Fixed assets
Tangible assets
10,767 
14,309 
Current assets
Debtors
- 
(1)
Cash at bank and in hand
584 
763 
584 
762 
Creditors: amounts falling due within one year
(1,925)
(907)
Net current liabilities
(1,341)
(145)
Net assets
9,493 
14,231 
Capital and reserves
Called up share capital
167 
167 
Profit and loss account
9,326 
14,064 
Shareholders' funds
9,493 
14,231 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
R Willett Director Company Registration No. 07651685
- 3 -
Varelse Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Varelse Ltd is a private company, limited by shares, registered in England and Wales, registration number 07651685. The registered office is 36 BELVUE ROAD, NORTHOLT, MIDDLESEX, UB5 5HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
10,293 
24,200 
583 
35,076 
At 31 May 2024
10,293 
24,200 
583 
35,076 
Depreciation
At 1 June 2023
9,596 
10,588 
583 
20,767 
Charge for the year
139 
3,403 
- 
3,542 
At 31 May 2024
9,735 
13,991 
583 
24,309 
Net book value
At 31 May 2024
558 
10,209 
- 
10,767 
At 31 May 2023
697 
13,612 
- 
14,309 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
(1)
- 4 -
Varelse Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
117 
257 
Loans from directors
1,258 
- 
Accruals
550 
650 
1,925 
907 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -