7 February 2022 false No description of principal activity Taxfiler 2023.11.1 13899075business:PrivateLimitedCompanyLtd2022-02-072023-02-28 138990752022-02-06 138990752022-02-072023-02-28 13899075business:AuditExempt-NoAccountantsReport2022-02-072023-02-28 13899075business:FilletedAccounts2022-02-072023-02-28 138990752023-02-28 13899075business:Director12022-02-072023-02-28 13899075business:RegisteredOffice2022-02-072023-02-28 13899075core:WithinOneYear2023-02-28 13899075core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13899075core:PreviouslyStatedAmount2023-02-28 13899075business:SmallEntities2022-02-072023-02-28 13899075countries:EnglandWales2022-02-072023-02-28 13899075core:FurnitureFittings2022-02-072023-02-28 13899075core:ComputerEquipment2022-02-072023-02-28 13899075core:FurnitureFittings2022-02-06 13899075core:ComputerEquipment2022-02-06 13899075core:FurnitureFittings2023-02-28 13899075core:ComputerEquipment2023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13899075 (England and Wales)
WVENTURA VENTURES LTD Unaudited accounts for the period from 7 February 2022 to 28 February 2023
WVENTURA VENTURES LTD Unaudited accounts Contents
Page
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WVENTURA VENTURES LTD Company Information for the period from 7 February 2022 to 28 February 2023
Director
Wilfredo Blancaflor Ventura
Company Number
13899075 (England and Wales)
Registered Office
5 Ash Lodge Close Ash Aldershot GU12 6JU England
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WVENTURA VENTURES LTD Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
11,352 
Current assets
Inventories
7,159 
Debtors
28,000 
Cash at bank and in hand
29,401 
64,560 
Creditors: amounts falling due within one year
(132,133)
Net current liabilities
(67,573)
Net liabilities
(56,221)
Capital and reserves
Profit and loss account
(56,221)
Shareholders' funds
(56,221)
For the period ending 28 February 2023 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 2 February 2024 and were signed on its behalf by
Wilfredo Blancaflor Ventura Director Company Registration No. 13899075
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WVENTURA VENTURES LTD Notes to the Accounts for the period from 7 February 2022 to 28 February 2023
1
Statutory information
WVENTURA VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 13899075. The registered office is 5 Ash Lodge Close, Ash, Aldershot, GU12 6JU, England.
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 period from 7 February 2022 to 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 7 February 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.
Turnover
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
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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WVENTURA VENTURES LTD Notes to the Accounts for the period from 7 February 2022 to 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 7 February 2022
- 
- 
- 
Additions
11,867 
807 
12,674 
At 28 February 2023
11,867 
807 
12,674 
Depreciation
Charge for the period
1,322 
- 
1,322 
At 28 February 2023
1,322 
- 
1,322 
Net book value
At 28 February 2023
10,545 
807 
11,352 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
28,000 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
609 
Taxes and social security
922 
Other creditors
1,416 
Loans from directors
128,836 
Accruals
350 
132,133 
7
Average number of employees
During the period the average number of employees was 2.
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