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REGISTERED NUMBER: 05313443 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Venue Sec Limited

Venue Sec Limited (Registered number: 05313443)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venue Sec Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mrs G Owen
D W Williams





SECRETARY: Mrs G Owen





REGISTERED OFFICE: 22 Ambrose Street
Bangor
Gwynedd
LL57 1BH





REGISTERED NUMBER: 05313443 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Venue Sec Limited (Registered number: 05313443)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 287 365
287 365

CURRENT ASSETS
Debtors 6 10,751 706
Cash at bank 81 559
10,832 1,265
CREDITORS
Amounts falling due within one year 7 69,916 58,139
NET CURRENT LIABILITIES (59,084 ) (56,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,797

)

(56,509

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,897 ) (56,609 )
SHAREHOLDERS' FUNDS (58,797 ) (56,509 )

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

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

The directors acknowledge their 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.

Venue Sec Limited (Registered number: 05313443)

Balance Sheet - continued
31st March 2023


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 Board of Directors and authorised for issue on 8th March 2024 and were signed on its behalf by:





D W Williams - Director


Venue Sec Limited (Registered number: 05313443)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Venue Sec 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Venue Sec Limited (Registered number: 05313443)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 1,000
AMORTISATION
At 1st April 2022
and 31st March 2023 1,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 6,188
DEPRECIATION
At 1st April 2022 5,823
Charge for year 78
At 31st March 2023 5,901
NET BOOK VALUE
At 31st March 2023 287
At 31st March 2022 365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,900 -
Other debtors 3,851 706
10,751 706

Venue Sec Limited (Registered number: 05313443)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 48,760 48,599
Other creditors 21,157 9,541
69,916 58,139