Company No:
Contents
DIRECTORS | B Jenner (Appointed 28 February 2023, Resigned 21 June 2023) |
L Jenner (Appointed 28 February 2023) | |
A R Woolgar (Appointed 28 February 2023) |
REGISTERED OFFICE | Global House 3 Bojea Industrial Estate |
Trethowel | |
St. Austell | |
PL25 5RJ | |
United Kingdom |
COMPANY NUMBER | 14694264 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Intangible assets | 3 |
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Tangible assets | 4 |
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2,878 | ||
Current assets | ||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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75,125 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 58,623 | |
Total assets less current liabilities | 61,501 | |
Creditors: amounts falling due after more than one year | 7 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 8 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Venti Group Limited (registered number:
L Jenner
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Venti Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Global House 3 Bojea Industrial Estate, Trethowel, St. Austell, PL25 5RJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £166,084. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Other intangible assets |
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Plant and machinery |
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Computer equipment |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 28.02.2023 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 28 February 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated amortisation | |||
At 28 February 2023 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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Plant and machinery | Computer equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 28 February 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||||
At 28 February 2023 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||||
At 31 December 2023 |
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31.12.2023 | |
£ | |
Trade debtors |
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Amounts owed by directors |
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Prepayments |
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Other debtors |
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31.12.2023 | |
£ | |
Trade creditors |
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Accruals and deferred income |
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Other taxation and social security |
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31.12.2023 | |
£ | |
Amounts owed to Parent undertakings |
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31.12.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with the entity's directors
31.12.2023 | |
£ | |
Interest free loan to A R Woolgar | 2,950 |
Advances
Parent Company:
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Tre Wyn Treverbyn Road St. Austell Cornwall United Kingdom PL25 4EW |