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REGISTERED NUMBER: SC225208 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Venidium Limited

Venidium Limited (Registered number: SC225208)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venidium Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: Mrs Z T Moran
Mr J L Smith





REGISTERED OFFICE: 75 Queen Street
Peterhead
Aberdeenshire
AB42 1TU





REGISTERED NUMBER: SC225208 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Venidium Limited (Registered number: SC225208)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266,689 274,122

CURRENT ASSETS
Stocks 7,508 7,328
Debtors 5 314 920
Cash at bank and in hand 32,480 35,162
40,302 43,410
CREDITORS
Amounts falling due within one year 6 127,250 147,413
NET CURRENT LIABILITIES (86,948 ) (104,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,741

170,119

CREDITORS
Amounts falling due after more than one year 7 (35,650 ) (45,000 )

PROVISIONS FOR LIABILITIES (9,196 ) (5,568 )
NET ASSETS 134,895 119,551

CAPITAL AND RESERVES
Called up share capital 20 20
Other reserve 9 146,059 149,040
Retained earnings (11,184 ) (29,509 )
SHAREHOLDERS' FUNDS 134,895 119,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

Venidium Limited (Registered number: SC225208)

Balance Sheet - continued
30 November 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





Mrs Z T Moran - Director


Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Venidium Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for services and goods provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Furnishings and equipment - 10% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost or valuation less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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.

Current 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2020 - 10 ) .

4. TANGIBLE FIXED ASSETS
Furnishings
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2020 301,411 76,159 100 377,670
Additions - 174 105 279
Disposals - (174 ) - (174 )
At 30 November 2021 301,411 76,159 205 377,775
DEPRECIATION
At 1 December 2020 43,606 59,842 100 103,548
Charge for year 6,031 1,602 35 7,668
Eliminated on disposal - (130 ) - (130 )
At 30 November 2021 49,637 61,314 135 111,086
NET BOOK VALUE
At 30 November 2021 251,774 14,845 70 266,689
At 30 November 2020 257,805 16,317 - 274,122

Freehold property is included at the fair value provided by the directors at 30 November 2021.

Cost or valuation at 30 November 2021 is represented by:

Furnishings
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
Valuation in 2020 184,000 - - 184,000
Cost 117,411 76,159 205 193,775
301,411 76,159 205 377,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 314 920

Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 9,417 10,758
Trade creditors 7,879 6,286
Social security and other taxes 581 556
VAT 3,080 9,169
Other creditors 122 104
Directors' current accounts 102,767 117,942
Accruals and deferred income 390 -
Accrued expenses 3,014 2,598
127,250 147,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans - 1-2 years 9,870 10,000
Bank loans - 2-5 years 25,780 30,000
Bank loans > 5 years - 5,000
35,650 45,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years - 5,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.21 30.11.20
£    £   
Bank loans 45,067 55,758

Bank borrowings are secured by means of a standard security over the company's property and a bond and charge over all property and assets..

9. RESERVES
Other
reserve
£   
At 1 December 2020 149,040
Depreciation movement (3,680 )
Deferred tax movement 699

At 30 November 2021 146,059

Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Z T Moran.