Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09470480 Mr Raymond Venus Ms Debra Venus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09470480 2023-03-31 09470480 2024-03-31 09470480 2023-04-01 2024-03-31 09470480 frs-core:CurrentFinancialInstruments 2024-03-31 09470480 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 09470480 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09470480 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 09470480 frs-core:MotorVehicles 2024-03-31 09470480 frs-core:MotorVehicles 2023-04-01 2024-03-31 09470480 frs-core:MotorVehicles 2023-03-31 09470480 frs-core:PlantMachinery 2024-03-31 09470480 frs-core:PlantMachinery 2023-04-01 2024-03-31 09470480 frs-core:PlantMachinery 2023-03-31 09470480 frs-core:ShareCapital 2024-03-31 09470480 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09470480 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09470480 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09470480 frs-bus:SmallEntities 2023-04-01 2024-03-31 09470480 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09470480 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09470480 frs-bus:Director1 2023-04-01 2024-03-31 09470480 frs-bus:Director2 2023-04-01 2024-03-31 09470480 frs-countries:EnglandWales 2023-04-01 2024-03-31 09470480 2022-03-31 09470480 2023-03-31 09470480 2022-04-01 2023-03-31 09470480 frs-core:CurrentFinancialInstruments 2023-03-31 09470480 frs-core:ShareCapital 2023-03-31 09470480 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09470480
Venus Scaffolding Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
A & P Service
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09470480
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 128,717 152,285
128,717 152,285
CURRENT ASSETS
Debtors 5 59,682 58,346
Cash at bank and in hand 7,844 5,677
67,526 64,023
Creditors: Amounts Falling Due Within One Year 6 (22,588 ) (15,888 )
NET CURRENT ASSETS (LIABILITIES) 44,938 48,135
TOTAL ASSETS LESS CURRENT LIABILITIES 173,655 200,420
NET ASSETS 173,655 200,420
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 173,555 200,320
SHAREHOLDERS' FUNDS 173,655 200,420
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raymond Venus
Director
14/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Venus Scaffolding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09470480 . The registered office is 7 Kingfisher way, wallsend, NE28 9NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 25%RB
Motor Vehicles 25%RB
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 98,446 4,682 131,861 234,989
Disposals - - (16,000 ) (16,000 )
As at 31 March 2024 98,446 4,682 115,861 218,989
Depreciation
As at 1 April 2023 - 3,688 79,016 82,704
Provided during the period - 199 7,369 7,568
As at 31 March 2024 - 3,887 86,385 90,272
Net Book Value
As at 31 March 2024 98,446 795 29,476 128,717
As at 1 April 2023 98,446 994 52,845 152,285
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,158 37,822
CIS 20,524 20,524
59,682 58,346
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,558 5,261
Corporation tax 11,277 8,262
Other taxes and social security 3,053 -
VAT 900 565
Accruals and deferred income 1,800 1,800
22,588 15,888
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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