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REGISTERED NUMBER: SC225208 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Venidium Limited

Venidium Limited (Registered number: SC225208)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venidium Limited

Company Information
for the Year Ended 30 November 2023







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 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,226 248,398

CURRENT ASSETS
Stocks 9,594 8,342
Debtors 5 2,485 4,608
Cash in hand 1,623 744
13,702 13,694
CREDITORS
Amounts falling due within one year 6 207,752 158,197
NET CURRENT LIABILITIES (194,050 ) (144,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,176

103,895

CREDITORS
Amounts falling due after more than one
year

7

18,344

25,765
NET ASSETS 34,832 78,130

CAPITAL AND RESERVES
Called up share capital 20 20
Other reserve 9 117,589 117,589
Retained earnings 9 (82,777 ) (39,479 )
SHAREHOLDERS' FUNDS 34,832 78,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 2023


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 16 August 2024 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 2023

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
At 30 November 2023, the company's net current liabilities exceeded it's net current assets and there is a deficit on reserves of £82,777 The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the directors and shareholders.

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.
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Furnishings
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022 235,000 76,159 205 311,364
Additions - 309 374 683
Disposals - (792 ) - (792 )
At 30 November 2023 235,000 75,676 579 311,255
DEPRECIATION
At 1 December 2022 - 62,797 169 62,966
Charge for year - 1,330 158 1,488
Eliminated on disposal - (425 ) - (425 )
At 30 November 2023 - 63,702 327 64,029
NET BOOK VALUE
At 30 November 2023 235,000 11,974 252 247,226
At 30 November 2022 235,000 13,362 36 248,398

Freehold property is included at the fair value provided by the directors at 30 November 2023.

Cost or valuation at 30 November 2023 is represented by:

Furnishings
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
Valuation in 2020 184,000 - - 184,000
Valuation in 2022 (66,411 ) - - (66,411 )
Cost 117,411 75,676 579 193,666
235,000 75,676 579 311,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 1,075
Prepayments 2,485 3,533
2,485 4,608

Venidium Limited (Registered number: SC225208)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 51,111 32,974
Trade creditors 15,825 16,053
Social security and other taxes 701 473
VAT 6,815 4,148
Other creditors 9,369 116
Directors' current accounts 120,068 101,632
Accrued expenses 3,863 2,801
207,752 158,197

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,307 10,120
Bank loans - 2-5 years 8,037 15,645
18,344 25,765

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdrafts 41,142 23,257
Bank loans 28,313 35,482
69,455 58,739

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
Retained Other
earnings reserve Totals
£    £    £   

At 1 December 2022 (39,479 ) 117,589 78,110
Deficit for the year (43,298 ) (43,298 )
At 30 November 2023 (82,777 ) 117,589 34,812

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Z T Moran.