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REGISTERED NUMBER: 07900948 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Versatile Business Consultants Ltd

Versatile Business Consultants Ltd (Registered number: 07900948)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Versatile Business Consultants Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S B Kota
Mrs S Padakanti





SECRETARY:





REGISTERED OFFICE: 41 Ashpole Avenue
Wootton
Bedford
MK43 9EG





REGISTERED NUMBER: 07900948 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Versatile Business Consultants Ltd (Registered number: 07900948)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,269 3,025

CURRENT ASSETS
Debtors 5 15,246 16,063
Cash at bank and in hand 4,698 380
19,944 16,443
CREDITORS
Amounts falling due within one year 6 28,674 57,809
NET CURRENT LIABILITIES (8,730 ) (41,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,461

)

(38,341

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,561 ) (38,441 )
SHAREHOLDERS' FUNDS (6,461 ) (38,341 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:



S B Kota - Director



Mrs S Padakanti - Director


Versatile Business Consultants Ltd (Registered number: 07900948)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Versatile Business Consultants 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.

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 5 (2023 - 5 ) .

Versatile Business Consultants Ltd (Registered number: 07900948)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 5,636 9,665 15,301
DEPRECIATION
At 1 August 2023 4,089 8,187 12,276
Charge for year 387 369 756
At 31 July 2024 4,476 8,556 13,032
NET BOOK VALUE
At 31 July 2024 1,160 1,109 2,269
At 31 July 2023 1,547 1,478 3,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 15,246 16,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 4,402
Other loans 6,000 6,000
Trade creditors 30 378
Social security and other taxes 152 52
VAT 6,282 5,239
Directors' current accounts 16,210 41,738
28,674 57,809