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REGISTERED NUMBER: 11961259 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Verismart (Watford) Limited

Verismart (Watford) Limited (Registered number: 11961259)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Verismart (Watford) Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr D H Gregory





SECRETARY:





REGISTERED OFFICE: 58 Thompson Way
Rickmansworth
Hertfordshire
WD3 8GP





REGISTERED NUMBER: 11961259 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Verismart (Watford) Limited (Registered number: 11961259)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,200
Tangible assets 5 167 -
167 3,200

CURRENT ASSETS
Debtors 6 37,425 31,293
Cash at bank 7,709 5,841
45,134 37,134
CREDITORS
Amounts falling due within one year 7 33,631 26,666
NET CURRENT ASSETS 11,503 10,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,670

13,668

CREDITORS
Amounts falling due after more than one
year

8

11,386

13,502
NET ASSETS 284 166

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 184 66
SHAREHOLDERS' FUNDS 284 166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Verismart (Watford) Limited (Registered number: 11961259)

Balance Sheet - continued
30th April 2024


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

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 31st January 2025 and were signed by:





Mr D H Gregory - Director


Verismart (Watford) Limited (Registered number: 11961259)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Verismart (Watford) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Verismart (Watford) Limited (Registered number: 11961259)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 16,000
AMORTISATION
At 1st May 2023 12,800
Charge for year 3,200
At 30th April 2024 16,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 3,200

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 1,297
Additions 250
At 30th April 2024 1,547
DEPRECIATION
At 1st May 2023 1,297
Charge for year 83
At 30th April 2024 1,380
NET BOOK VALUE
At 30th April 2024 167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 37,425 31,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 1,920 1,920
Taxation and social security 30,924 23,969
Other creditors 787 777
33,631 26,666

Verismart (Watford) Limited (Registered number: 11961259)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,386 13,502

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100