Company Registration No. 11859034 (England and Wales)
VESYNTA LIMITED
Unaudited accounts
for the year ended 31 August 2024
VESYNTA LIMITED
Unaudited accounts
Contents
VESYNTA LIMITED
Company Information
for the year ended 31 August 2024
Directors
Jugal Suthar
Alaric William Taylor-Roffey
Company Number
11859034 (England and Wales)
Registered Office
INNOVATION GATEWAY THE LONDON CANCER HUB
COTSWOLD ROAD
SUTTON
SURREY
SM2 5NG
ENGLAND
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
VESYNTA LIMITED
Statement of financial position
as at 31 August 2024
Intangible assets
6,122
6,122
Tangible assets
11,990
15,889
Cash at bank and in hand
177,008
45,016
Creditors: amounts falling due within one year
(54,979)
1,648
Net current assets
128,152
80,020
Total assets less current liabilities
146,264
102,031
Creditors: amounts falling due after more than one year
(251,886)
(307,221)
Net liabilities
(105,622)
(205,190)
Called up share capital
10
9
Profit and loss account
(348,132)
(205,199)
Shareholders' funds
(105,622)
(205,190)
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
Jugal Suthar
Director
Company Registration No. 11859034
VESYNTA LIMITED
Notes to the Accounts
for the year ended 31 August 2024
VESYNTA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11859034. The registered office is INNOVATION GATEWAY THE LONDON CANCER HUB, COTSWOLD ROAD, SUTTON, SURREY, SM2 5NG, ENGLAND.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
VESYNTA LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
21,205
3,823
25,028
At 31 August 2024
21,205
4,589
25,794
At 1 September 2023
7,801
1,338
9,139
Charge for the year
3,351
1,314
4,665
At 31 August 2024
11,152
2,652
13,804
At 31 August 2024
10,053
1,937
11,990
At 31 August 2023
13,404
2,485
15,889
Amounts falling due within one year
Accrued income and prepayments
2,604
2,483
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
25,287
6,118
Taxes and social security
12,485
9,321
Other creditors
3,669
2,814
VESYNTA LIMITED
Notes to the Accounts
for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
251,886
307,221
Allotted, called up and fully paid:
7,346,940 Ordinary shares of £0.000001 each
7.34
6.84
501,653 Ordinary A shares of £0.000001 each
0.50
0.50
1,653,060 Deferred Shares of £0.000001 each
1.65
1.65
Shares issued during the period:
501,653 Ordinary shares of £0.000001 each
1
10
Average number of employees
During the year the average number of employees was 10 (2023: 6).