2023-06-01 07262875 2024-05-31 07262875 2023-06-01 2024-05-31 07262875 2023-05-31 07262875 2022-06-01 2023-05-31 07262875 uk-core:WithinOneYear 2023-05-31 07262875 uk-core:WithinOneYear 2024-05-31 07262875 uk-core:ShareCapital 2024-05-31 07262875 uk-core:ShareCapital 2023-05-31 07262875 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 07262875 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 07262875 uk-bus:Director1 2023-06-01 2024-05-31 07262875 uk-core:ToolsEquipment 2023-06-01 2024-05-31 07262875 uk-core:FurnitureFittings 2023-06-01 2024-05-31 07262875 uk-core:ToolsEquipment 2023-05-31 07262875 uk-core:FurnitureFittings 2023-05-31 07262875 uk-core:FurnitureFittings 2024-05-31 07262875 uk-core:ToolsEquipment 2024-05-31 07262875 uk-core:AfterOneYear 2024-05-31 07262875 uk-core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure 07262875 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07262875 uk-bus:FRS102 2023-06-01 2024-05-31 07262875 uk-bus:FullAccounts 2023-06-01 2024-05-31 07262875 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Versatile Computer Solutions Ltd
Registered Number:07262875
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07262875
As at 31 May 2024
Versatile Computer Solutions Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
21,148
14,546
2
21,148
14,546
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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
1 of 3
4
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.
Registered address:
8 Turnpike Road
Newbury
Berkshire
RG14 2NA
The presentation currency is £ sterling.
1. Accounting policies
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:
25 % Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 June 2023
38,768
38,768
-
12,543
7,413
5,130
Additions
At 31 May 2024
5,130
46,181
51,311
Provision for depreciation and impairment
At 01 June 2023
24,222
24,222
-
Charge for year
5,941
4,915
1,026
At 31 May 2024
30,163
29,137
1,026
At 31 May 2024
Net book value
4,104
17,044
21,148
At 31 May 2023
-
14,546
14,546
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5
For the year ended 31 May 2024
Versatile Computer Solutions Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
-
642
Other debtors
-
48,235
48,877
-
The debtors above include the following amounts falling due after more than one year:
Trade debtors
-
642
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,069
2,000
Taxation and social security
23,545
22,887
Other creditors
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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