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REGISTERED NUMBER: 04779571 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Venesis Limited

Venesis Limited (Registered number: 04779571)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Venesis Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A A Giles





REGISTERED OFFICE: Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH





REGISTERED NUMBER: 04779571 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Venesis Limited (Registered number: 04779571)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 780 334

CURRENT ASSETS
Debtors 5 2,639 8,781
Cash at bank 98,229 116,827
100,868 125,608
CREDITORS
Amounts falling due within one year 6 (18,925 ) (33,976 )
NET CURRENT ASSETS 81,943 91,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,723

91,966

CAPITAL AND RESERVES
Called up share capital 7 35,000 35,000
Retained earnings 47,723 56,966
SHAREHOLDERS' FUNDS 82,723 91,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 September 2024 and were signed by:



A A Giles - Director


Venesis Limited (Registered number: 04779571)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Venesis Limited is a private company, limited by shares , registered in England and Wales. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on cost

TAXATION
Taxation for the year comprises current and deferred 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 or deferred 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 asset is not recognised as it is not 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Venesis Limited (Registered number: 04779571)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 635
Additions 916
At 31 December 2023 1,551
DEPRECIATION
At 1 January 2023 301
Charge for year 470
At 31 December 2023 771
NET BOOK VALUE
At 31 December 2023 780
At 31 December 2022 334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 8,300
VAT 180 -
Prepayments 536 481
Tax 1,923 -
2,639 8,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,480 39
Tax - 9,522
PAYE/NI liability 913 1,847
VAT - 6,927
Pension liabilities 77 217
Directors' current accounts 9,690 8,690
Accrued expenses 6,765 6,734
18,925 33,976

Venesis Limited (Registered number: 04779571)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary shares A £1 30,000 30,000
5,000 Ordinary shares B £1 5,000 5,000
35,000 35,000

8. ULTIMATE CONTROLLING PARTY

The company is under the control of A A Giles.