REGISTERED NUMBER: 12189362 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

VERSINETIC LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Dunstan Power

Mr Graeme Wintle

SECRETARY:

Mrs Catherine Power

REGISTERED OFFICE:

Park Point

17 High Street

Birmingham

United Kingdom

B31 2UQ

REGISTERED NUMBER:

12189362 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

205,000

205,000

Tangible assets

5

51,683

60,064

256,683

265,064

CURRENT ASSETS

Stocks

432,628

584,074

Debtors

6

247,262

340,644

Cash at bank

90,509

132,722

770,399

1,057,440

CREDITORS

Amounts falling due within one year

7

260,360

1,333,597

NET CURRENT ASSETS/(LIABILITIES)

510,039

(276,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

766,722

(11,093

)

CREDITORS

Amounts falling due after more than one year

8

788,084

205,000

NET LIABILITIES

(21,362

)

(216,093

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(21,462

)

(216,193

)

(21,362

)

(216,093

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

Mr Dunstan Power - Director

Mr Graeme Wintle - Director

1.	STATUTORY INFORMATION

Versinetic Ltd 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

10% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Going concern

At the time of approving the financial statements, the Directors are confident that amounts due to participating interests will not be recalled for the foreseeable future. Thus, the Directors continue to adopt the going concern basis of accounting in preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 April 2025

and 31 March 2026

205,000

Net book value

At 31 March 2026

205,000

At 31 March 2025

205,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2025

and 31 March 2026

83,810

Depreciation

At 1 April 2025

23,746

Charge for year

8,381

At 31 March 2026

32,127

Net book value

At 31 March 2026

51,683

At 31 March 2025

60,064

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

189,597

331,674

Amounts owed by group undertakings

100

100

Other debtors

57,565

8,870

247,262

340,644

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

6,366

71,816

Amounts owed to participating interests

205,000

1,159,925

Taxation and social security

27,208

61,164

Other creditors

21,786

40,692

260,360

1,333,597

The amounts due in less than one year to participating interests are unsecured loan notes with variable rate interest. The loan notes have a repayment date of 31 December 2026. These were issued by a company under control of the ultimate controlling parties. The issuer opted not to charge interest on the loan notes. The loan notes were redeemed and repaid after the year-end.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to participating interests

788,084

205,000

The amounts due in more than one year to participating interests is an unsecured loan with variable rate interest. The loan has an indefinite repayment date. This was issued by a company under control of the ultimate controlling parties. The issuer opted not to charge interest on the loan.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

6,530

6,530

Between one and five years

11,428

17,958

17,958

24,488

10.	ULTIMATE CONTROLLING PARTY

The Company was controlled by Mr Dunstan Power and Mr Graeme Wintle, directors and equal shareholders (including family interests) of 100% of the issued share capital through their ownership of Versinetic Holdings Limited.