REGISTERED NUMBER: 07126271 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

VERISYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Farr

P J Riddeal

C J Tate

REGISTERED OFFICE:

1 Lovell House

Birchwood Park

Warrington

WA3 6FW

REGISTERED NUMBER:

07126271 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Tangible assets

4

77,573

58,692

CURRENT ASSETS

Debtors

5

185,522

180,985

Cash at bank

83,228

31,541

268,750

212,526

CREDITORS

Amounts falling due within one year

6

129,120

115,004

NET CURRENT ASSETS

139,630

97,522

TOTAL ASSETS LESS CURRENT LIABILITIES

217,203

156,214

CREDITORS

Amounts falling due after more than one year

7

(32,337

)

(37,849

)

PROVISIONS FOR LIABILITIES

(17,327

)

(12,153

)

NET ASSETS

167,539

106,212

CAPITAL AND RESERVES

Called up share capital

8

115

115

Retained earnings

9

167,424

106,097

SHAREHOLDERS' FUNDS

167,539

106,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:

P J Riddeal - Director

C J Tate - Director

L Farr - Director

1.	STATUTORY INFORMATION

Verisys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

29,572

53,190

6,045

88,807

Additions

7,313

24,240

8,428

39,981

At 31 March 2025

36,885

77,430

14,473

128,788

DEPRECIATION

At 1 April 2024

24,795

2,770

2,550

30,115

Charge for year

3,776

15,261

2,063

21,100

At 31 March 2025

28,571

18,031

4,613

51,215

NET BOOK VALUE

At 31 March 2025

8,314

59,399

9,860

77,573

At 31 March 2024

4,777

50,420

3,495

58,692

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

100,735

128,515

Amounts owed by group undertakings

78,842

32,842

Prepayments and accrued income

5,945

19,628

185,522

180,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

5,512

5,512

Trade creditors

10,754

38,612

Tax

52,280

21,785

Social security and other taxes

6,593

7,638

VAT

42,665

36,006

Other creditors

11,316

4,229

Accruals and deferred income

-

1,222

129,120

115,004

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

32,337

37,849

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

92

A Ordinary

£1

92

92

23

B Ordinary

£1

23

23

115

115

9.

RESERVES

Retained

earnings

£

At 1 April 2024

106,097

Profit for the year

164,327

Dividends

(103,000

)

At 31 March 2025

167,424

10.	RELATED PARTY DISCLOSURES

3OU Holdings Limited owns 100% of the company.

During the year dividends of £103,000 (2024: £72,000) were voted to 3OU Holdings Limited. At the balance sheet date 3OU Holdings Limited owed the company £68,552(2024: £22,552).

Kaizen Consulting Engineers Limited is a company under common control.

At the balance sheet date Kaizen Consulting Engineers Limited owed the company £10,290 (2024: £10,290).