1 March 2024 false No description of principal activity Taxfiler 2024.6 10627124business:PrivateLimitedCompanyLtd2024-03-012025-02-28 106271242024-02-29 106271242024-03-012025-02-28 10627124business:AuditExemptWithAccountantsReport2024-03-012025-02-28 10627124business:FilletedAccounts2024-03-012025-02-28 106271242025-02-28 10627124business:Director12024-03-012025-02-28 10627124business:RegisteredOffice2024-03-012025-02-28 106271242024-02-29 10627124core:WithinOneYear2025-02-28 10627124core:WithinOneYear2024-02-29 10627124core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 10627124core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 10627124core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 10627124core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 10627124core:PreviouslyStatedAmount2025-02-28 10627124core:PreviouslyStatedAmount2024-02-29 10627124business:SmallEntities2024-03-012025-02-28 10627124countries:EnglandWales2024-03-012025-02-28 10627124core:ComputerEquipment2024-02-29 10627124core:ComputerEquipment2024-03-012025-02-28 10627124core:ComputerEquipment2025-02-28 106271242023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 10627124 (England and Wales)
VERISUB LTD Unaudited accounts for the year ended 28 February 2025
VERISUB LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
VERISUB LTD Company Information for the year ended 28 February 2025
Director
Damian Francis
Company Number
10627124 (England and Wales)
Registered Office
COUCHAYES COTTAGE COUCHES LANE WOODBURY EXETER DEVON EX5 1HL UNITED KINGDOM
Accountants
Philip Gurnhill Accountants FIRST FLOOR 6 GLOUCESTER STREET MALMESBURY Wiltshire SN16 0AA
- 3 -
VERISUB LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
217 
956 
Current assets
Debtors
5
891,041 
342,460 
Cash at bank and in hand
896,258 
1,188,151 
1,787,299 
1,530,611 
Creditors: amounts falling due within one year
6
(569,901)
(649,451)
Net current assets
1,217,398 
881,160 
Net assets
1,217,615 
882,116 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,217,515 
882,016 
Shareholders' funds
1,217,615 
882,116 
For the year ending 28 February 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 28 November 2025 and were signed on its behalf by
Damian Francis Director Company Registration No. 10627124
- 4 -
VERISUB LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
VERISUB LTD is a private company, limited by shares, registered in England and Wales, registration number 10627124. The registered office is COUCHAYES COTTAGE COUCHES LANE, WOODBURY, EXETER, DEVON, EX5 1HL, 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.
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:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2024
8,360 
Additions
1,801 
At 28 February 2025
10,161 
Depreciation
At 1 March 2024
7,404 
Charge for the year
2,540 
At 28 February 2025
9,944 
Net book value
At 28 February 2025
217 
At 29 February 2024
956 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
12,984 
Trade debtors
888,950 
327,385 
Other debtors
2,091 
2,091 
891,041 
342,460 
- 5 -
VERISUB LTD Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
52,523 
- 
Trade creditors
285,415 
330,374 
Taxes and social security
160,138 
112,685 
Proposed dividends
50,000 
50,000 
Other creditors
1,470 
1,832 
Loans from directors
14,575 
14,575 
Accruals
5,780 
139,985 
569,901 
649,451 
7
Average number of employees
During the year the average number of employees was 4 (2024: 2).
- 6 -