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REGISTERED NUMBER: 07610330 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Venus Recycling Limited

Venus Recycling Limited (Registered number: 07610330)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Venus Recycling Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R Bagnall





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 07610330 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Venus Recycling Limited (Registered number: 07610330)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,079 17,866

CURRENT ASSETS
Debtors 5 80,590 122,516
Prepayments and accrued income 42,000 -
Cash at bank 22,809 39,270
145,399 161,786
CREDITORS
Amounts falling due within one year 6 138,244 150,994
NET CURRENT ASSETS 7,155 10,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,234

28,658

CREDITORS
Amounts falling due after more than one
year

7

31,477

-
NET ASSETS 30,757 28,658

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,756 28,657
SHAREHOLDERS' FUNDS 30,757 28,658

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.

Venus Recycling Limited (Registered number: 07610330)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





R Bagnall - Director


Venus Recycling Limited (Registered number: 07610330)

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

1. STATUTORY INFORMATION

Venus Recycling 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
These accounts have been prepared on a going concern basis. The company is currently supported by the director's. The director's have agreed to provide their support for a period no less than twelve months, therefore, the director's consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Venus Recycling Limited (Registered number: 07610330)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 10,756 10,649 12,380 1,083 34,868
Additions - - 56,499 98 56,597
Disposals - - (9,099 ) - (9,099 )
At 30 April 2024 10,756 10,649 59,780 1,181 82,366
DEPRECIATION
At 1 May 2023 3,643 9,741 3,280 338 17,002
Charge for year 1,778 227 8,069 211 10,285
At 30 April 2024 5,421 9,968 11,349 549 27,287
NET BOOK VALUE
At 30 April 2024 5,335 681 48,431 632 55,079
At 30 April 2023 7,113 908 9,100 745 17,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 80,590 121,766
Other debtors - 750
80,590 122,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 64,956 77,016
Taxation and social security 10,665 4,473
Other creditors 62,623 69,505
138,244 150,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 31,477 -