Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 03999397 Mr John Craig Hunter Mr Nicholas Simeon Hazell VERSEC Secretaries Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03999397 2025-03-31 03999397 2026-03-31 03999397 2025-04-01 2026-03-31 03999397 frs-core:CurrentFinancialInstruments 2026-03-31 03999397 frs-core:ComputerEquipment 2026-03-31 03999397 frs-core:ComputerEquipment 2025-04-01 2026-03-31 03999397 frs-core:ComputerEquipment 2025-03-31 03999397 frs-core:ShareCapital 2026-03-31 03999397 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 03999397 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 03999397 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 03999397 frs-bus:SmallEntities 2025-04-01 2026-03-31 03999397 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 03999397 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 03999397 frs-core:CostValuation 2025-03-31 03999397 frs-core:CostValuation 2026-03-31 03999397 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 03999397 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 03999397 frs-bus:Director1 2025-04-01 2026-03-31 03999397 frs-bus:Director2 2025-04-01 2026-03-31 03999397 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 03999397 frs-countries:EnglandWales 2025-04-01 2026-03-31 03999397 2024-03-31 03999397 2025-03-31 03999397 2024-04-01 2025-03-31 03999397 frs-core:CurrentFinancialInstruments 2025-03-31 03999397 frs-core:ShareCapital 2025-03-31 03999397 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 03999397
VERSEC Limited
Financial Statements
For The Year Ended 31 March 2026
RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03999397
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 298 397
Investments 5 1 1
299 398
CURRENT ASSETS
Debtors 6 7,358 11,033
Cash at bank and in hand 128,423 139,930
135,781 150,963
Creditors: Amounts Falling Due Within One Year 7 (7,805 ) (8,072 )
NET CURRENT ASSETS (LIABILITIES) 127,976 142,891
TOTAL ASSETS LESS CURRENT LIABILITIES 128,275 143,289
NET ASSETS 128,275 143,289
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 128,273 143,287
SHAREHOLDERS' FUNDS 128,275 143,289
Page 1
Page 2
For the year ending 31 March 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Craig Hunter
Director
15th May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VERSEC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03999397 . The registered office is 22 Vickers Mews, St Albans, AL1 1AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 2 2
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 13,823
As at 31 March 2026 13,823
Depreciation
As at 1 April 2025 13,426
Provided during the period 99
As at 31 March 2026 13,525
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2026 298
As at 1 April 2025 397
5. Investments
Other
£
Cost or Valuation
As at 1 April 2025 1
As at 31 March 2026 1
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 1
As at 1 April 2025 1
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 7,358 11,033
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
VAT 1,495 2,495
Accruals and deferred income 1,900 1,800
Directors' loan accounts 4,410 3,777
7,805 8,072
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 4