VENOM PROMOTIONS LTD

Company Registration Number:
13659360 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

VENOM PROMOTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

VENOM PROMOTIONS LTD

Balance sheet

As at 31 October 2023

Notes 2023 13 months to 31 October 2022


£

£
Fixed assets
Tangible assets: 3 682,450 0
Total fixed assets: 682,450 0
Current assets
Stocks: 4 254,789
Debtors: 5 928,451
Cash at bank and in hand: 654,100 100
Total current assets: 1,837,340 100
Creditors: amounts falling due within one year: 6 ( 1,308,445 )
Net current assets (liabilities): 528,895 100
Total assets less current liabilities: 1,211,345 100
Total net assets (liabilities): 1,211,345 100
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,211,245 0
Total Shareholders' funds: 1,211,345 100

The notes form part of these financial statements

VENOM PROMOTIONS LTD

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 13 July 2024
and signed on behalf of the board by:

Name: T Hussain
Status: Director

The notes form part of these financial statements

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Plant and machinery 10% straight line

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 13 months to 31 October 2022
    Average number of employees during the period 5 0

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 0
Additions 734,950 734,950
Disposals
Revaluations
Transfers
At 31 October 2023 734,950 734,950
Depreciation
At 1 November 2022 0 0
Charge for year 52,500 52,500
On disposals
Other adjustments
At 31 October 2023 52,500 52,500
Net book value
At 31 October 2023 682,450 682,450
At 31 October 2022 0 0

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 13 months to 31 October 2022
£ £
Stocks 254,789
Total 254,789

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 13 months to 31 October 2022
£ £
Trade debtors 928,451
Total 928,451

VENOM PROMOTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023
£
Trade creditors 871,150
Taxation and social security 151,200
Other creditors 286,095
Total 1,308,445