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Registered Number: 11986999
England and Wales

 

 

 

VENUS MOTORS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 5 150,000    150,000 
Tangible fixed assets 6 89,125    89,251 
239,125    239,251 
Current assets      
Cash at bank and in hand 19,081    8,762 
Creditors: amount falling due within one year (161,825)   (163,871)
Net current assets (142,744)   (155,109)
 
Total assets less current liabilities 96,381    84,142 
Net assets 96,381    84,142 
 

Capital and reserves
     
Profit and loss account 96,381    84,142 
Shareholders' funds 96,381    84,142 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 20 February 2025 and were signed on its behalf by:


-------------------------------
Tahira Kashif
Director
1
General Information
Venus Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 11986999, registration address 59 Bideford Avenue, Perivale, Greenford, United Kingdom, UB6 7PP.


1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Salaries 24,000    24,000 
24,000    24,000 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 89,108    74,733 
Other staff costs 4,583    4,157 
93,691    78,890 

4.

Average number of employees

Average number of employees during the year was 6 (2023 : 0).
5.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 June 2023 150,000    150,000 
Additions  
Disposals  
At 31 May 2024 150,000    150,000 
Net book values
At 31 May 2024 150,000    150,000 
At 31 May 2023 150,000    150,000 


6.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 June 2023 89,995      89,995 
Additions    
Disposals    
At 31 May 2024 89,995      89,995 
Depreciation
At 01 June 2023   744    744 
Charge for year   126    126 
On disposals    
At 31 May 2024   870    870 
Net book values
Closing balance as at 31 May 2024 89,995    (870)   89,125 
Opening balance as at 01 June 2023 88,748    503    89,251 


7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2