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REGISTERED NUMBER: 07158262 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VENREC GROUP LIMITED

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENREC GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs V A Smith ACA FCCA
Mrs S J Coleman
Mr R A Coleman





REGISTERED OFFICE: 4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 07158262 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 871 1,162
Investments 6 1,400 -
2,271 1,162

CURRENT ASSETS
Debtors 7 31,524 49,390
Cash at bank and in hand 44,931 6,308
76,455 55,698
CREDITORS
Amounts falling due within one year 8 33,865 26,658
NET CURRENT ASSETS 42,590 29,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,861

30,202

CREDITORS
Amounts falling due after more than one
year

9

10,799

13,390
NET ASSETS 34,062 16,812

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 33,862 16,612
SHAREHOLDERS' FUNDS 34,062 16,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

BALANCE SHEET - continued
31 MARCH 2025


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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:




Mrs S J Coleman - Director



Mr R A Coleman - Director


VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Venrec Group 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 4 (2024 - 4 ) .

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INTANGIBLE FIXED ASSETS
Website
£
COST
At 1 April 2024
and 31 March 2025 1,500
AMORTISATION
At 1 April 2024
and 31 March 2025 1,500
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 April 2024
and 31 March 2025 3,145
DEPRECIATION
At 1 April 2024 1,983
Charge for year 291
At 31 March 2025 2,274
NET BOOK VALUE
At 31 March 2025 871
At 31 March 2024 1,162

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 1,400
At 31 March 2025 1,400
NET BOOK VALUE
At 31 March 2025 1,400

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Venrec Limited
Registered office: England and Wales
Nature of business: Dormant companies
%
Class of shares: holding
900 Ordinary A £1 shares 100.00
100 Ordinary B £1 shares 100.00
2025 2024
£ £
Aggregate capital and reserves 1,000 1,000

Venrec Recruitment Limited
Registered office: England and Wales
Nature of business: Dormant companies
%
Class of shares: holding
300 Ordinary £1 shares 100.00
100 Ordinary A and B £1 shares 100.00
2025 2024
£ £
Aggregate capital and reserves 400 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 31,524 26,418
Amounts owed by group undertakings - 20,000
Other debtors - 2,972
31,524 49,390

Trade debtors includes an amount of £30,798 (2024: £22,698) due from Mainstream Training Limited and £Nil (2024: £3,000) due from Mackenzies Accountants Limited.

One of the directors is also a director of Mainstream Training Limited and holds an indirect minority interest in that company, they are also a director of Mackenzies Accountants Limited.

VENREC GROUP LIMITED (REGISTERED NUMBER: 07158262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 2,592 2,592
Trade creditors - 431
Tax 18,600 9,268
Social security and other taxes 931 249
VAT 10,737 11,564
Other creditors 996 2,554
Directors' current accounts 9 -
33,865 26,658

Other creditors consist of contribution payable to the company's auto-enrollment pension scheme of £177 (2024: £104) a credit card balance of £819 (2024: £786) and accrued staff bonuses and holiday pay of Nil (2024: £1,664).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bounce Back loan - 2 - 5 yrs 10,367 10,366
Bounce Back loan - over 5 yrs 432 3,024
10,799 13,390

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
100 Ordinary £1 100 100
20 Ordinary A £1 20 20
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
200 200

11. ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. Two of the directors, between themselves, hold the majority share capital of the company.