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Company Registration No. 10985395 (England and Wales)
VENKATESH LTD Unaudited accounts for the year ended 30 September 2024
VENKATESH LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VENKATESH LTD Company Information for the year ended 30 September 2024
Director
Mytheli VERNUGOPAN
Company Number
10985395 (England and Wales)
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VENKATESH LTD Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
18,220
19,100
Current assets
Inventories
40,000
38,000
Cash at bank and in hand
1,072
3,525
41,072
41,525
Creditors: amounts falling due within one year
5
(15,961)
(16,258)
Net current assets
25,111
25,267
Total assets less current liabilities
43,331
44,367
Creditors: amounts falling due after more than one year
6
(13,869)
(21,928)
Net assets
29,462
22,439
Capital and reserves
Capital redemption reserve
1
1
Profit and loss account
29,461
22,438
Shareholders' funds
29,462
22,439
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 11 August 2025 and were signed on its behalf by
Mytheli VERNUGOPAN Director Company Registration No. 10985395
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VENKATESH LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
VENKATESH LTD is a private company, limited by shares, registered in England and Wales, registration number 10985395.
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.
3
Accounting policies
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 October 2023
25,500
At 30 September 2024
25,500
Depreciation
At 1 October 2023
6,400
Charge for the year
880
At 30 September 2024
7,280
Net book value
At 30 September 2024
18,220
At 30 September 2023
19,100
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VENKATESH LTD Notes to the Accounts for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
1,835
1,080
Trade creditors
1,791
1,653
Taxes and social security
2,049
3,239
Other creditors
6,250
6,250
Loans from directors
3,036
3,036
Accruals
1,000
1,000
15,961
16,258
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
13,869
21,928
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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