Company Registration No. 10929557 (England and Wales)
VenMedica Ltd
Filleted accounts
for the year ended 31 August 2024
VenMedica Ltd
Filleted accounts
Contents
VenMedica Ltd
Company Information
for the year ended 31 August 2024
Directors
Srinivasa Rao Vengala
Vijaya Karthika Vengala
Company Number
10929557 (England and Wales)
Registered Office
17 Pipistrelle Way
Oadby
Leicester
LE2 4QA
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
VenMedica Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,994
5,990
Investment property
186,660
186,660
Investments
127,704
127,704
Cash at bank and in hand
62,965
120,509
Creditors: amounts falling due within one year
(29,454)
(35,064)
Net current assets
161,215
213,149
Total assets less current liabilities
350,869
405,799
Creditors: amounts falling due after more than one year
-
(29,590)
Net assets
350,869
376,209
Called up share capital
100
100
Profit and loss account
350,769
376,109
Shareholders' funds
350,869
376,209
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by
Srinivasa Rao Vengala
Director
Company Registration No. 10929557
VenMedica Ltd
Notes to the Accounts
for the year ended 31 August 2024
VenMedica Ltd is a private company, limited by shares, registered in England and Wales, registration number 10929557. The registered office is 17 Pipistrelle Way, Oadby, Leicester, LE2 4QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
VenMedica Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings
At 1 September 2023
14,978
Fair value at 1 September 2023
186,660
6
Investments held as current assets
2024
2023
Listed investments
127,704
127,704
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
28,358
33,968
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
45 A Ordinary shares of £1 each
45
45
45 B Ordinary shares of £1 each
45
45
10 C Ordinary shares of £1 each
10
10
VenMedica Ltd
Notes to the Accounts
for the year ended 31 August 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).