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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
Page
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Verso Projects Ltd Company Information for the year ended 31 March 2025
Director
David Wright
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
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Verso Projects Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,948 
- 
Current assets
Debtors
31,237 
41,397 
Cash at bank and in hand
21,422 
944 
52,659 
42,341 
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)
Net assets
16,419 
4,373 
Capital and reserves
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
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Verso Projects Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
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
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
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
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Verso Projects Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
- 
Additions
2,033 
At 31 March 2025
2,033 
Depreciation
Charge for the year
85 
At 31 March 2025
85 
Net book value
At 31 March 2025
1,948 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,600 
- 
Other debtors
27,637 
41,397 
31,237 
41,397 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
6,465 
- 
Taxes and social security
100 
- 
6,565 
- 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
31,623 
37,968 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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