2022-04-012023-03-312023-03-31false13237113ETX VENTURE LTD2023-11-2368209iso4217:GBPxbrli:pure132371132022-04-01132371132023-03-31132371132022-04-012023-03-31132371132021-03-02132371132022-03-31132371132021-03-022022-03-3113237113bus:SmallEntities2022-04-012023-03-3113237113bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3113237113bus:AbridgedAccounts2022-04-012023-03-3113237113bus:PrivateLimitedCompanyLtd2022-04-012023-03-3113237113core:WithinOneYear2023-03-3113237113core:AfterOneYear2023-03-3113237113core:WithinOneYear2022-03-3113237113core:AfterOneYear2022-03-3113237113core:ShareCapital2023-03-3113237113core:SharePremium2023-03-3113237113core:RevaluationReserve2023-03-3113237113core:OtherReservesSubtotal2023-03-3113237113core:RetainedEarningsAccumulatedLosses2023-03-3113237113core:ShareCapital2022-03-3113237113core:SharePremium2022-03-3113237113core:RevaluationReserve2022-03-3113237113core:OtherReservesSubtotal2022-03-3113237113core:RetainedEarningsAccumulatedLosses2022-03-3113237113core:LandBuildings2023-03-3113237113core:PlantMachinery2023-03-3113237113core:Vehicles2023-03-3113237113core:FurnitureFittings2023-03-3113237113core:OfficeEquipment2023-03-3113237113core:NetGoodwill2023-03-3113237113core:IntangibleAssetsOtherThanGoodwill2023-03-3113237113core:ListedExchangeTraded2023-03-3113237113core:UnlistedNon-exchangeTraded2023-03-3113237113core:LandBuildings2022-03-3113237113core:PlantMachinery2022-03-3113237113core:Vehicles2022-03-3113237113core:FurnitureFittings2022-03-3113237113core:OfficeEquipment2022-03-3113237113core:NetGoodwill2022-03-3113237113core:IntangibleAssetsOtherThanGoodwill2022-03-3113237113core:ListedExchangeTraded2022-03-3113237113core:UnlistedNon-exchangeTraded2022-03-3113237113core:LandBuildings2022-04-012023-03-3113237113core:PlantMachinery2022-04-012023-03-3113237113core:Vehicles2022-04-012023-03-3113237113core:FurnitureFittings2022-04-012023-03-3113237113core:OfficeEquipment2022-04-012023-03-3113237113core:NetGoodwill2022-04-012023-03-3113237113core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3113237113core:ListedExchangeTraded2022-04-012023-03-3113237113core:UnlistedNon-exchangeTraded2022-04-012023-03-3113237113core:MoreThanFiveYears2022-04-012023-03-3113237113core:Non-currentFinancialInstruments2023-03-3113237113core:Non-currentFinancialInstruments2022-03-3113237113dpl:CostSales2022-04-012023-03-3113237113dpl:DistributionCosts2022-04-012023-03-3113237113core:LandBuildings2022-04-012023-03-3113237113core:PlantMachinery2022-04-012023-03-3113237113core:Vehicles2022-04-012023-03-3113237113core:FurnitureFittings2022-04-012023-03-3113237113core:OfficeEquipment2022-04-012023-03-3113237113dpl:AdministrativeExpenses2022-04-012023-03-3113237113core:NetGoodwill2022-04-012023-03-3113237113core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3113237113dpl:GroupUndertakings2022-04-012023-03-3113237113dpl:ParticipatingInterests2022-04-012023-03-3113237113dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3113237113core:ListedExchangeTraded2022-04-012023-03-3113237113dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3113237113core:UnlistedNon-exchangeTraded2022-04-012023-03-3113237113dpl:CostSales2021-03-022022-03-3113237113dpl:DistributionCosts2021-03-022022-03-3113237113core:LandBuildings2021-03-022022-03-3113237113core:PlantMachinery2021-03-022022-03-3113237113core:Vehicles2021-03-022022-03-3113237113core:FurnitureFittings2021-03-022022-03-3113237113core:OfficeEquipment2021-03-022022-03-3113237113dpl:AdministrativeExpenses2021-03-022022-03-3113237113core:NetGoodwill2021-03-022022-03-3113237113core:IntangibleAssetsOtherThanGoodwill2021-03-022022-03-3113237113dpl:GroupUndertakings2021-03-022022-03-3113237113dpl:ParticipatingInterests2021-03-022022-03-3113237113dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-022022-03-3113237113core:ListedExchangeTraded2021-03-022022-03-3113237113dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-022022-03-3113237113core:UnlistedNon-exchangeTraded2021-03-022022-03-3113237113core:NetGoodwill2023-03-3113237113core:IntangibleAssetsOtherThanGoodwill2023-03-3113237113core:LandBuildings2023-03-3113237113core:PlantMachinery2023-03-3113237113core:Vehicles2023-03-3113237113core:FurnitureFittings2023-03-3113237113core:OfficeEquipment2023-03-3113237113core:AfterOneYear2023-03-3113237113core:WithinOneYear2023-03-3113237113core:ListedExchangeTraded2023-03-3113237113core:UnlistedNon-exchangeTraded2023-03-3113237113core:ShareCapital2023-03-3113237113core:SharePremium2023-03-3113237113core:RevaluationReserve2023-03-3113237113core:OtherReservesSubtotal2023-03-3113237113core:RetainedEarningsAccumulatedLosses2023-03-3113237113core:NetGoodwill2022-03-3113237113core:IntangibleAssetsOtherThanGoodwill2022-03-3113237113core:LandBuildings2022-03-3113237113core:PlantMachinery2022-03-3113237113core:Vehicles2022-03-3113237113core:FurnitureFittings2022-03-3113237113core:OfficeEquipment2022-03-3113237113core:AfterOneYear2022-03-3113237113core:WithinOneYear2022-03-3113237113core:ListedExchangeTraded2022-03-3113237113core:UnlistedNon-exchangeTraded2022-03-3113237113core:ShareCapital2022-03-3113237113core:SharePremium2022-03-3113237113core:RevaluationReserve2022-03-3113237113core:OtherReservesSubtotal2022-03-3113237113core:RetainedEarningsAccumulatedLosses2022-03-3113237113core:NetGoodwill2021-03-0213237113core:IntangibleAssetsOtherThanGoodwill2021-03-0213237113core:LandBuildings2021-03-0213237113core:PlantMachinery2021-03-0213237113core:Vehicles2021-03-0213237113core:FurnitureFittings2021-03-0213237113core:OfficeEquipment2021-03-0213237113core:AfterOneYear2021-03-0213237113core:WithinOneYear2021-03-0213237113core:ListedExchangeTraded2021-03-0213237113core:UnlistedNon-exchangeTraded2021-03-0213237113core:ShareCapital2021-03-0213237113core:SharePremium2021-03-0213237113core:RevaluationReserve2021-03-0213237113core:OtherReservesSubtotal2021-03-0213237113core:RetainedEarningsAccumulatedLosses2021-03-0213237113core:AfterOneYear2022-04-012023-03-3113237113core:WithinOneYear2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3113237113core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3113237113core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3113237113core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3113237113core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3113237113core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3113237113bus:Director12022-04-012023-03-31

ETX VENTURE LTD

Registered Number
13237113
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ETX VENTURE LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Elton TUITT

Registered Address

Walton House
36 Goodman Street
Birmingham
B1 2SS

Registered Number

13237113 (England and Wales)
ETX VENTURE LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets672,525-
72,525-
Current assets
Cash at bank and on hand10,799877
10,799877
Creditors amounts falling due within one year7(89,305)(880)
Net current assets (liabilities)(78,506)(3)
Total assets less current liabilities(5,981)(3)
Net assets(5,981)(3)
Capital and reserves
Called up share capital1,5001,500
Profit and loss account(7,481)(1,503)
Shareholders' funds(5,981)(3)
The financial statements were approved and authorised for issue by the Director on 23 November 2023, and are signed on its behalf by:
Elton TUITT
Director
Registered Company No. 13237113
ETX VENTURE LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
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).
4.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Fixtures and fittings5
Vehicles4
Office Equipment5
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Total

£
Cost or valuation
Additions72,525
At 31 March 2372,525
Net book value
At 31 March 2372,525
At 31 March 22-
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables16,755880
Other creditors72,000-
Accrued liabilities and deferred income550-
Total89,305880
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.