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REGISTERED NUMBER: SC421406 (Scotland)












Financial Statements for the Year Ended 30 April 2024

for

VENTURI FLUIDS LTD

VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURI FLUIDS LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R Nicoll





REGISTERED OFFICE: Thornlea
29 Hillside Road
Forfar
Angus
DD8 2AX





REGISTERED NUMBER: SC421406 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,498 2,251
Investments 5 74,675 74,675
76,173 76,926

CURRENT ASSETS
Debtors 6 235 4,547
Cash at bank 20,332 5,769
20,567 10,316
CREDITORS
Amounts falling due within one year 7 34,390 30,668
NET CURRENT LIABILITIES (13,823 ) (20,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,350

56,574

PROVISIONS FOR LIABILITIES 285 428
NET ASSETS 62,065 56,146

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 62,064 56,145
SHAREHOLDERS' FUNDS 62,065 56,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)

Balance Sheet - continued
30 April 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





R Nicoll - Director


VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Venturi Fluids Ltd 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
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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 458 398 3,897 4,753
Additions - - 1,031 1,031
At 30 April 2024 458 398 4,928 5,784
DEPRECIATION
At 1 May 2023 38 266 2,198 2,502
Charge for year 152 133 1,499 1,784
At 30 April 2024 190 399 3,697 4,286
NET BOOK VALUE
At 30 April 2024 268 (1 ) 1,231 1,498
At 30 April 2023 420 132 1,699 2,251

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 74,675
NET BOOK VALUE
At 30 April 2024 74,675
At 30 April 2023 74,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,281
Other debtors 235 2,266
235 4,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,425 21,690
Other creditors 8,965 8,978
34,390 30,668

VENTURI FLUIDS LTD (REGISTERED NUMBER: SC421406)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,180 (2023 - £76,271) were paid to the director .

The company was under control of R Nicoll throughout the current and previous year.

During the year the company repaid the director net amounts totalling £769. As at 30 April 2024 included within other creditors is a balance outstanding due to the director of £7,250 (2023 - £8,018). No interest was paid on the funds advanced to the company.