Versatile Computer Solutions Ltd |
Registered Number:07262875 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
Versatile Computer Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Versatile Computer Solutions Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
21,148
14,546
2
21,148
14,546
Trade and other receivables |
48,877
-
3
262,647
Cash and cash equivalents |
324,926
324,926
311,524
Trade and other payables: amounts falling due within one |
year |
(66,255)
(31,095)
4
245,269
293,831
Net current assets
Total assets less current liabilities |
314,979
259,815
314,979
Net assets
259,815
100
100
314,879
259,715
314,979
259,815
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Vincent Charles Stacey Director |
These financial statements were approved and authorised for issue by the Board on 21 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
Versatile Computer Solutions Ltd
Notes to the Financial Statements
Statutory Information
Versatile Computer Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07262875. |
8 Turnpike Road
Newbury
Berkshire
RG14 2NA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
2. Property, plant and equipment |
38,768
38,768
-
12,543
7,413
5,130
5,130
46,181
51,311
Provision for depreciation and impairment |
24,222
24,222
-
Charge for year
5,941
4,915
1,026
30,163
29,137
1,026
4,104
17,044
21,148
-
14,546
14,546
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For the year ended 31 May 2024
Versatile Computer Solutions Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
-
642
-
48,235
48,877
-
The debtors above include the following amounts falling due after more than one year: |
-
642
4. Trade and other payables: amounts falling due within one year |
2023
2024
2,069
2,000
Taxation and social security |
23,545
22,887
5,481
41,368
31,095
66,255
5. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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