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
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
WVENTURA VENTURES LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
29,401
Creditors: amounts falling due within one year
(132,133)
Net current liabilities
(67,573)
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
WVENTURA VENTURES LTD
Notes to the Accounts
for the period from 7 February 2022 to 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
Additions
11,867
807
12,674
At 28 February 2023
11,867
807
12,674
Charge for the period
1,322
-
1,322
At 28 February 2023
1,322
-
1,322
At 28 February 2023
10,545
807
11,352
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
922
Loans from directors
128,836
7
Average number of employees
During the period the average number of employees was 2.