1 March 2023 false No description of principal activity Taxfiler 2024.6 10627124business:PrivateLimitedCompanyLtd2023-03-012024-02-28 106271242023-02-28 106271242023-03-012024-02-28 10627124business:AuditExemptWithAccountantsReport2023-03-012024-02-28 10627124business:FilletedAccounts2023-03-012024-02-28 106271242024-02-28 10627124business:Director12023-03-012024-02-28 10627124business:RegisteredOffice2023-03-012024-02-28 106271242023-02-28 10627124core:WithinOneYear2024-02-28 10627124core:WithinOneYear2023-02-28 10627124core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 10627124core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10627124core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 10627124core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10627124core:PreviouslyStatedAmount2024-02-28 10627124core:PreviouslyStatedAmount2023-02-28 10627124business:SmallEntities2023-03-012024-02-28 10627124countries:EnglandWales2023-03-012024-02-28 10627124core:ComputerEquipment2023-02-28 10627124core:ComputerEquipment2023-03-012024-02-28 10627124core:ComputerEquipment2024-02-28 106271242022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10627124 (England and Wales)
VERISUB LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
VERISUB LTD Unaudited accounts Contents
Page
- 2 -
VERISUB LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Damian Francis
Company Number
10627124 (England and Wales)
Registered Office
COUCHAYES COTTAGE COUCHES LANE WOODBURY EXETER DEVON EX5 1HL UNITED KINGDOM
Accountants
Philip Gurnhill Accountants FIRST FLOOR 6 GLOUCESTER STREET MALMESBURY Wiltshire SN16 0AA
- 3 -
VERISUB LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
956 
2,303 
Current assets
Debtors
342,460 
905,618 
Cash at bank and in hand
1,188,151 
461,197 
1,530,611 
1,366,815 
Creditors: amounts falling due within one year
(649,451)
(809,604)
Net current assets
881,160 
557,211 
Net assets
882,116 
559,514 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
882,016 
559,414 
Shareholders' funds
882,116 
559,514 
For the period ending 28 February 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 27 June 2024 and were signed on its behalf by
Damian Francis Director Company Registration No. 10627124
- 4 -
VERISUB LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
VERISUB LTD is a private company, limited by shares, registered in England and Wales, registration number 10627124. The registered office is COUCHAYES COTTAGE COUCHES LANE, WOODBURY, EXETER, DEVON, EX5 1HL, UNITED KINGDOM.
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 period, 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
7,617 
Additions
743 
At 28 February 2024
8,360 
Depreciation
At 1 March 2023
5,314 
Charge for the period
2,090 
At 28 February 2024
7,404 
Net book value
At 28 February 2024
956 
At 28 February 2023
2,303 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,984 
17,185 
Trade debtors
327,385 
886,342 
Other debtors
2,091 
2,091 
342,460 
905,618 
- 5 -
VERISUB LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
330,374 
620,178 
Taxes and social security
112,685 
75,029 
Proposed dividends
50,000 
50,000 
Other creditors
1,832 
4,642 
Loans from directors
14,575 
14,575 
Accruals
139,985 
45,180 
649,451 
809,604 
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
- 6 -