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REGISTERED NUMBER: 07063484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

VERSATILITY PROJECT MANAGEMENT LIMITED

VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VERSATILITY PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D Mountford





REGISTERED OFFICE: 7 Ffordd Maendy
Parc Tyn Y Coed
Sarn
Bridgend
Mid Glamorgan
CF32 9EZ





REGISTERED NUMBER: 07063484 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 333 333
Tangible assets 5 1,434 1,912
1,767 2,245

CURRENT ASSETS
Debtors 6 16,774 17,357
Cash at bank and in hand 5,571 6,688
22,345 24,045
CREDITORS
Amounts falling due within one year 7 15,448 16,321
NET CURRENT ASSETS 6,897 7,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,664

9,969

CREDITORS
Amounts falling due after more than one
year

8

8,405

9,675
NET ASSETS 259 294

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 159 194
SHAREHOLDERS' FUNDS 259 294

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

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 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.

VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)

BALANCE SHEET - continued
31 MAY 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 20 May 2025 and were signed by:





D Mountford - Director


VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Versatility Project Management 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 represents invoiced work for completed projects in the year together with the relevant proportion of work in progress at the year end date and taking into account work in progress already completed at the start of the financial year, exclusive of value added tax.

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.

Cherished number plate are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 333
NET BOOK VALUE
At 31 May 2024 333
At 31 May 2023 333

VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 5,024
DEPRECIATION
At 1 June 2023 3,112
Charge for year 478
At 31 May 2024 3,590
NET BOOK VALUE
At 31 May 2024 1,434
At 31 May 2023 1,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,493 -
Other debtors 14,281 17,357
16,774 17,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,259 4,259
Taxation and social security 9,880 10,618
Other creditors 1,309 1,444
15,448 16,321

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,405 9,675

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

VERSATILITY PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07063484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

2024 2023
£    £   
D Mountford
Balance outstanding at start of year 10,643 (2,337 )
Amounts advanced 398 12,980
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,041 10,643