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REGISTERED NUMBER: 13570265 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2023

for

M Venn Construction Limited

M Venn Construction Limited (Registered number: 13570265)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M Venn Construction Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M Venn





SECRETARY: Mrs C Venn





REGISTERED OFFICE: 31 Sun Hill Crescent
Alresford
Hampshire
SO24 9NJ





REGISTERED NUMBER: 13570265 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

M Venn Construction Limited (Registered number: 13570265)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,035 12,782

CURRENT ASSETS
Debtors 5 20,447 28,529
Cash at bank 100,457 24,565
120,904 53,094
CREDITORS
Amounts falling due within one year 6 60,727 34,594
NET CURRENT ASSETS 60,177 18,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,212

31,282

PROVISIONS FOR LIABILITIES 7 2,287 2,429
NET ASSETS 69,925 28,853

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 69,825 28,753
SHAREHOLDERS' FUNDS 69,925 28,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:




M Venn - Director


M Venn Construction Limited (Registered number: 13570265)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

M Venn Construction 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


M Venn Construction Limited (Registered number: 13570265)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
Plant & Motor & Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 September 2022 543 16,500 - 17,043
Additions 3,040 - 224 3,264
At 31 August 2023 3,583 16,500 224 20,307
DEPRECIATION
At 1 September 2022 136 4,125 - 4,261
Charge for year 861 3,094 56 4,011
At 31 August 2023 997 7,219 56 8,272
NET BOOK VALUE
At 31 August 2023 2,586 9,281 168 12,035
At 31 August 2022 407 12,375 - 12,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 9,157 -
Other debtors 11,290 28,529
20,447 28,529

M Venn Construction Limited (Registered number: 13570265)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 6,750 5,200
Taxation and social security 25,982 5,320
Other creditors 27,995 24,074
60,727 34,594

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 2,287 2,429

Deferred
tax
£   
Balance at 1 September 2022 2,429
Movement in accelerated
capital allowances (142 )
Balance at 31 August 2023 2,287

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Venn.