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Company Registration No. 14886413 (England and Wales)
Verisian Ltd Unaudited accounts for the year ended 31 May 2025
Verisian Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Verisian Ltd Company Information for the year ended 31 May 2025
Directors
Sabat Stofsel, Tomas Andres Kuich, Peter Henning Julius Lloyd
Company Number
14886413 (England and Wales)
Registered Office
Verisian Ltd 3rd Floor 86-90 Paul Street London EC2A 4NE United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Verisian Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
29,385
16,111
Investments
5
899
-
30,284
16,111
Current assets
Debtors
6
32,939
15,671
Cash at bank and in hand
2,976,815
617,061
3,009,754
632,732
Creditors: amounts falling due within one year
7
(118,834)
(34,692)
Net current assets
2,890,920
598,040
Net assets
2,921,204
614,151
Capital and reserves
Called up share capital
3
2
Share premium
3,962,733
42,000
Capital contribution reserve
1,432
994,000
Profit and loss account
(1,042,964)
(421,851)
Shareholders' funds
2,921,204
614,151
For the year ending 31 May 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 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 23 October 2025 and were signed on its behalf by
Sabat Stofsel, Tomas Andres Director Company Registration No. 14886413
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Verisian Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Verisian Ltd is a private company, limited by shares, registered in England and Wales, registration number 14886413. The registered office is Verisian Ltd, 3rd Floor 86-90, Paul Street, London, EC2A 4NE, United Kingdom.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, balances with banks, and short-term deposits with original maturities of three months or less from the date of acquisition. These are subject to an insignificant risk of changes in value and are readily convertible to known amounts of cash.
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
3 Years
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.
Going concern
The directors have assessed the company’s ability to continue as a going concern and, having considered relevant factors, confirm that the financial statements have been prepared on a going concern basis in accordance with IAS 1.
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 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.
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Verisian Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2024
19,236
Additions
20,636
At 31 May 2025
39,872
Depreciation
At 1 June 2024
3,125
Charge for the year
7,362
At 31 May 2025
10,487
Net book value
At 31 May 2025
29,385
At 31 May 2024
16,111
5
Investments
Subsidiary undertakings
£
Valuation at 1 June 2024
-
Additions
899
Valuation at 31 May 2025
899
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
16,012
12,304
Amounts due from group undertakings etc.
13,304
-
Accrued income and prepayments
3,623
3,366
Other debtors
-
1
32,939
15,671
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
31,528
27,007
Taxes and social security
5,380
6,881
Other creditors
831
658
Loans from directors
146
146
Accruals
72,616
-
Deferred income
8,333
-
118,834
34,692
8
Transactions with related parties
£13,304 (2024: nil) presented in Note 6 is owed by Verisian Solutions Private Limited, a subsidiary fully owned by the company and a related party which shares directors.
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Verisian Ltd Notes to the Accounts for the year ended 31 May 2025
9
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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