Registered number
09596442
VENUSTAS SERVICES (UK) LTD
Filleted Accounts
31 May 2018
VENUSTAS SERVICES (UK) LTD
Registered number: 09596442
Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 630 945
Current assets
Debtors 3 8,303 10,710
Cash at bank and in hand 7,738 3,024
16,041 13,734
Creditors: amounts falling due within one year 4 (15,610) (14,497)
Net current assets/(liabilities) 431 (763)
Net assets 1,061 182
Capital and reserves
Called up share capital 100 100
Profit and loss account 961 82
Shareholders' funds 1,061 182
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SUNKARA, Raghurama Murthy
Director
Approved by the board on 13 November 2018
VENUSTAS SERVICES (UK) LTD
Notes to the Accounts
for the year ended 31 May 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
2 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2017 1,400
At 31 May 2018 1,400
Depreciation
At 1 June 2017 455
Charge for the year 315
At 31 May 2018 770
Net book value
At 31 May 2018 630
At 31 May 2017 945
3 Debtors 2018 2017
£ £
Trade debtors 8,303 10,710
4 Creditors: amounts falling due within one year 2018 2017
£ £
Corporation tax 7,293 9,914
Other taxes and social security costs 8,317 4,438
Other creditors - 145
15,610 14,497
5 Other information
VENUSTAS SERVICES (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
40 Copley Road
Stanmore
England
HA7 4PF
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