Company Registration No. 14886413 (England and Wales)
Verisian Ltd
Unaudited accounts
for the year ended 31 May 2025
Verisian Ltd
Unaudited accounts
Contents
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
Verisian Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
29,385
16,111
Cash at bank and in hand
2,976,815
617,061
Creditors: amounts falling due within one year
(118,834)
(34,692)
Net current assets
2,890,920
598,040
Net assets
2,921,204
614,151
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
Verisian Ltd
Notes to the Accounts
for the year ended 31 May 2025
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.
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.
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
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.
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 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.
Verisian Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 June 2024
-
Valuation at 31 May 2025
899
Amounts falling due within one year
Amounts due from group undertakings etc.
13,304
-
Accrued income and prepayments
3,623
3,366
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
31,528
27,007
Taxes and social security
5,380
6,881
Loans from directors
146
146
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.
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).