Registered number
11282904
VENTURE TAXIS LTD
Filleted Accounts
31 March 2025
VENTURE TAXIS LTD
Registered number: 11282904
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 38,329 22,736
Current assets
Debtors 4 34,981 38,775
Cash at bank and in hand 218,863 162,934
253,844 201,709
Creditors: amounts falling due within one year 5 (82,225) (103,536)
Net current assets 171,619 98,173
Total assets less current liabilities 209,948 120,909
Creditors: amounts falling due after more than one year 6 (2,360) (4,545)
Net assets 207,588 116,364
Capital and reserves
Called up share capital 100 100
Profit and loss account 207,488 116,264
Shareholders' funds 207,588 116,364
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MOHAMMED ARSHID SABIR
Director
Approved by the board on 9 June 2025
VENTURE TAXIS LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 34,778
Additions 21,372
At 31 March 2025 56,150
Depreciation
At 1 April 2024 12,042
Charge for the year 5,779
At 31 March 2025 17,821
Net book value
At 31 March 2025 38,329
At 31 March 2024 22,736
4 Debtors 2025 2024
£ £
Trade debtors 34,981 38,775
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors (Subcontractors) 6,840 -
Taxation and social security costs 71,702 64,319
Other creditors 3,683 39,217
82,225 103,536
6 Creditors: amounts falling due after one year 2025 2024
£ £
Directors Loan 2,360 4,545
7 Other information
VENTURE TAXIS LTD is a private company limited by shares and incorporated in England. Its registered office is:
RESCUE HOUSE,
STATION ROAD
WATH
ROTHERHAM
S63 7DG
VENTURE TAXIS LTD 11282904 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 MOHAMMED ARSHID SABIR No description of principal activity 11282904 2023-04-01 2024-03-31 11282904 core:WithinOneYear 2024-03-31 11282904 core:AfterOneYear 2024-03-31 11282904 core:ShareCapital 2024-03-31 11282904 core:RetainedEarningsAccumulatedLosses 2024-03-31 11282904 2024-04-01 2025-03-31 11282904 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11282904 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11282904 bus:Director40 2024-04-01 2025-03-31 11282904 2 2024-04-01 2025-03-31 11282904 core:PlantMachinery 2024-04-01 2025-03-31 11282904 countries:England 2024-04-01 2025-03-31 11282904 bus:FRS102 2024-04-01 2025-03-31 11282904 bus:FilletedAccounts 2024-04-01 2025-03-31 11282904 2025-03-31 11282904 core:WithinOneYear 2025-03-31 11282904 core:AfterOneYear 2025-03-31 11282904 core:ShareCapital 2025-03-31 11282904 core:RetainedEarningsAccumulatedLosses 2025-03-31 11282904 core:PlantMachinery 2025-03-31 11282904 2024-03-31 11282904 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure