1 September 2024 false No description of principal activity Taxfiler 2024.6 14267242business:PrivateLimitedCompanyLtd2024-09-012025-08-31 142672422024-08-31 142672422024-09-012025-08-31 14267242business:AuditExempt-NoAccountantsReport2024-09-012025-08-31 14267242business:FilletedAccounts2024-09-012025-08-31 142672422025-08-31 14267242business:Director12024-09-012025-08-31 14267242business:RegisteredOffice2024-09-012025-08-31 142672422024-08-31 14267242core:WithinOneYear2025-08-31 14267242core:WithinOneYear2024-08-31 14267242core:ShareCapitalcore:PreviouslyStatedAmount2025-08-31 14267242core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 14267242core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-08-31 14267242core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 14267242core:PreviouslyStatedAmount2025-08-31 14267242core:PreviouslyStatedAmount2024-08-31 14267242business:SmallEntities2024-09-012025-08-31 14267242countries:EnglandWales2024-09-012025-08-31 14267242core:ComputerEquipment2024-08-31 14267242core:ComputerEquipment2024-09-012025-08-31 14267242core:ComputerEquipment2025-08-31 142672422023-09-012024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14267242 (England and Wales)
VERSATILE CONCEPTS LIMITED Unaudited accounts for the year ended 31 August 2025
VERSATILE CONCEPTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VERSATILE CONCEPTS LIMITED Company Information for the year ended 31 August 2025
Director
Yusuff Adeshile Oniwonlu
Company Number
14267242 (England and Wales)
Registered Office
FLAT 107 BARKING ROAD LONDON E16 1GR ENGLAND
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VERSATILE CONCEPTS LIMITED Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,375 
- 
Current assets
Debtors
5
9,091 
3,857 
Cash at bank and in hand
889 
288 
9,980 
4,145 
Creditors: amounts falling due within one year
6
(2,576)
(787)
Net current assets
7,404 
3,358 
Net assets
13,779 
3,358 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,778 
3,357 
Shareholders' funds
13,779 
3,358 
For the year ending 31 August 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 26 July 2026 and were signed on its behalf by
Yusuff Adeshile Oniwonlu Director Company Registration No. 14267242
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VERSATILE CONCEPTS LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
VERSATILE CONCEPTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14267242. The registered office is FLAT 107 BARKING ROAD, LONDON, E16 1GR, ENGLAND.
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 September 2024
- 
Additions
8,500 
At 31 August 2025
8,500 
Depreciation
Charge for the year
2,125 
At 31 August 2025
2,125 
Net book value
At 31 August 2025
6,375 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,091 
3,857 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
2,576 
787 
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VERSATILE CONCEPTS LIMITED Notes to the Accounts for the year ended 31 August 2025
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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