VENERA LIMITED

Company Registration Number:
11863218 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

VENERA LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

VENERA LIMITED

Company Information

for the Period Ended 31 March 2023




Director: CONDREA, Veronica
Registered office: 246
Flat 136 Abacus Building
Bradford Street
Birmingham
England
B12 0NZ
Company Registration Number: 11863218 (England and Wales)

VENERA LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

Retail sale via stalls and markets of other goods/Wholesale of perfume and cosmetics

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
CONDREA, Veronica

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: CONDREA, Veronica
Status: Director

VENERA LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 434,501 335,736
Cost of sales ( 102,966 ) ( 121,777 )
Gross Profit or (Loss) 331,535 222,874
Income from coronavirus (COVID-19) business support grants - 8,915
Administrative Expenses ( 325,274 ) ( 216,206 )
Operating Profit or (Loss) 6,261 6,668
Profit or (Loss) Before Tax 6,261 6,668
Tax on Profit ( 1,189 ) ( 1,267 )
Profit or (Loss) for Period 5,072 5,401

The notes form part of these financial statements

VENERA LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 100 100
Tangible assets: 6 4,771 6,361
Total fixed assets: 4,871 6,461
Current assets
Stocks: 22,500 12,498
Debtors: 7 15,000
Cash at bank and in hand: 37,762 34,735
Total current assets: 60,262 62,233
Creditors: amounts falling due within one year: 8 ( 6,892 )
Net current assets (liabilities): 53,370 62,233
Total assets less current liabilities: 58,241 68,694
Creditors: amounts falling due after more than one year: 9 ( 35,783 ) ( 44,657 )
Provision for liabilities: ( 16,097 ) ( 17,369 )
Total net assets (liabilities): 6,361 6,668

The notes form part of these financial statements

VENERA LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 10 6,261 6,568
Shareholders funds: 6,361 6,668

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: CONDREA, Veronica
Status: Director

The notes form part of these financial statements

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

    Intangible fixed assets amortisation policy

    Intangible Assets are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or using the revaluation model, and amortised on a systematic basis over their useful lives.

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Dividends


2023
£

2022
£
Dividends paid 5,071 5,401

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Intangible assets

Goodwill Total
Cost £ £
At 01 April 2022 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 100 100
Amortisation
Amortisation at 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2023 - -
Net book value
Net book value at 31 March 2023 100 100
Net book value at 31 March 2022 100 100

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Tangible assets

Plant & machinery Total
Cost £ £
At 01 April 2022 6,361 6,361
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 6,361 6,361
Depreciation
At 01 April 2022 - -
Charge for year 1,590 1,590
On disposals - -
Other adjustments - -
At 31 March 2023 1,590 1,590
Net book value
At 31 March 2023 4,771 4,771
At 31 March 2022 6,361 6,361

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Debtors


2023
£

2022
£
Trade debtors 15,000
Total 15,000

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 6,892
Total 6,892

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

9.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 35,783 44,657
Total 35,783 44,657

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

10. Revaluation reserve


2023
£
Balance at 01 April 2022 6,568
Surplus or deficit after revaluation ( 307 )
Balance at 31 March 2023 6,261

VENERA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

11.1. Loans to Directors

Name of director receiving advance or credit: CONDREA, Veronica
Description of the transaction:
The director transferred in his bank account the amount of £9000. The director will make the repayment of this loan in the period of one year.
Balance at 01 April 2022 0
Advances or credits made: 9,000
Balance at 31 March 2023 9,000