Company Registration No. 06323481 (England and Wales)
Verso Projects Ltd
Unaudited accounts
for the year ended 31 March 2025
Verso Projects Ltd
Unaudited accounts
Contents
Verso Projects Ltd
Company Information
for the year ended 31 March 2025
Company Number
06323481 (England and Wales)
Registered Office
76 Gloucester Road
Urmston
Manchester
M41 9AE
UK
Accountants
Premier Accounts & Consultancy Ltd
76 Gloucester Road
Urmston
Manchester
M41 9AE
Verso Projects Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
21,422
944
Creditors: amounts falling due within one year
(6,565)
-
Net current assets
46,094
42,341
Total assets less current liabilities
48,042
42,341
Creditors: amounts falling due after more than one year
(31,623)
(37,968)
Called up share capital
50
50
Profit and loss account
16,369
4,323
Shareholders' funds
16,419
4,373
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2025 and were signed on its behalf by
David Wright
Director
Company Registration No. 06323481
Verso Projects Ltd
Notes to the Accounts
for the year ended 31 March 2025
Verso Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 06323481. The registered office is 76 Gloucester Road, Urmston, Manchester, M41 9AE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Verso Projects Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
27,637
41,397
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
100
-
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).