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Unaudited Financial Statements |
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for the Period 14 June 2017 to 30 June 2018 |
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for |
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Versatility Group Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 14 June 2017 to 30 June 2018 |
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for |
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Versatility Group Limited |
Versatility Group Limited (Registered number: 10818251) |
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Contents of the Financial Statements |
for the Period 14 June 2017 to 30 June 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Versatility Group Limited |
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Company Information |
for the Period 14 June 2017 to 30 June 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Ground Floor, Bury House |
31 Bury Street |
London |
EC3A 5AR |
Versatility Group Limited (Registered number: 10818251) |
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Balance Sheet |
30 June 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 8 |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Versatility Group Limited (Registered number: 10818251) |
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Notes to the Financial Statements |
for the Period 14 June 2017 to 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Versatility Group Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rental income due for the period, net of value added tax. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Versatility Group Limited (Registered number: 10818251) |
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Notes to the Financial Statements - continued |
for the Period 14 June 2017 to 30 June 2018 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
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At 30 June 2018 |
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DEPRECIATION |
Charge for period |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current accounts | 27,642 |
Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Corporation tax |
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Accruals and deferred income |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Between one and five years |
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In more than five years |
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8. | RESERVES |
Retained |
earnings |
£ |
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Profit for the period |
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Dividends | ( |
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At 30 June 2018 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The accounts include accrued interest receivable of £438 on the director's current account overdrawn balance |
during the period. |
Versatility Group Limited (Registered number: 10818251) |
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Notes to the Financial Statements - continued |
for the Period 14 June 2017 to 30 June 2018 |
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10. | RELATED PARTY DISCLOSURES |
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During the period, total dividends of £18,000 were paid to the director . |
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During the period, the company signed a 15 year lease for a property owned by Pastor Limited, of which D S |
Bhail is also a director. |
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Also during the period, the company entered into an agreement with the director, D S Bhail, to lease a property |
owned by him which it then rents out to third parties. |