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REGISTERED NUMBER: 10813170 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Varsity Consulting Ltd

Varsity Consulting Ltd (Registered number: 10813170)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Varsity Consulting Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr T O Francis
Mr A S Bliss





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 10813170 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Varsity Consulting Ltd (Registered number: 10813170)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,572 14,082

CURRENT ASSETS
Debtors 66,600 167,205
Cash at bank 244,475 84,162
311,075 251,367
CREDITORS
Amounts falling due within one year 246,325 179,245
NET CURRENT ASSETS 64,750 72,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,322

86,204

CREDITORS
Amounts falling due after more than one
year

(13,346

)

(23,806

)

PROVISIONS FOR LIABILITIES 5 (2,892 ) (3,520 )
NET ASSETS 60,084 58,878

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 59,884 58,678
SHAREHOLDERS' FUNDS 60,084 58,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Varsity Consulting Ltd (Registered number: 10813170)

Abridged Balance Sheet - continued
30 June 2024


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 30 June 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mr T O Francis - Director



Mr A S Bliss - Director


Varsity Consulting Ltd (Registered number: 10813170)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Varsity Consulting Ltd 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 & machinery20% on reducing balance
Computer equipment33% on cost
Fixtures & fittings15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

Varsity Consulting Ltd (Registered number: 10813170)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 36,311
Additions 1,976
Disposals (624 )
At 30 June 2024 37,663
DEPRECIATION
At 1 July 2023 22,229
Charge for year 4,343
Eliminated on disposal (481 )
At 30 June 2024 26,091
NET BOOK VALUE
At 30 June 2024 11,572
At 30 June 2023 14,082

5. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 2,892 3,520

Deferred
tax
£   
Balance at 1 July 2023 3,520
Provided during year (628 )
Balance at 30 June 2024 2,892

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200