2022-08-01 12089698 2023-07-31 12089698 2022-08-01 2023-07-31 12089698 2022-07-31 12089698 2021-08-01 2022-07-31 12089698 uk-core:WithinOneYear 2022-07-31 12089698 uk-core:WithinOneYear 2023-07-31 12089698 uk-core:ShareCapital 2023-07-31 12089698 uk-core:ShareCapital 2022-07-31 12089698 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 12089698 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 12089698 uk-bus:Director1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure 12089698 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12089698 uk-bus:FRS102 2022-08-01 2023-07-31 12089698 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 12089698 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Vench Creative Ltd
Registered Number:12089698
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Vench Creative Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12089698
As at 31 July 2023
Vench Creative Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
-
Cash and cash equivalents
47,847
47,847
-
Trade and other payables: amounts falling due within one year
(105,559)
(167,143)
2
(105,559)
(119,296)
Net current liabilities
Total assets less current liabilities
(119,296)
(105,559)
(119,296)
Net liabilities
(105,559)
Capital and reserves
Called up share capital
2
2
Retained earnings
(119,298)
(105,561)
(119,296)
(105,559)
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Richard Peter Greenwood Director
These financial statements were approved and authorised for issue by the Board on 22 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
Vench Creative Ltd
Notes to the Financial Statements
Statutory Information
Vench Creative Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12089698.
Registered address:
Owl Cottage, Fawcett Mill Fields
Tebay
Penrith
Cumbria
CA10 3UB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
The shareholders have indicated a willingness to continue to support the company for at least the next twelve months. Subject to
this support, the company will continue as a going concern.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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 not be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
Financial Instruments
Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured
initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received
less impairment losses for bad and doubtful debts.
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5
For the year ended 31 July 2023
Vench Creative Ltd
Notes to the Financial Statements Continued
2. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Accruals and deferred income
720
-
Directors' loan accounts
166,423
105,559
167,143
105,559
3. Related party transactions
During the year, The Company made a loan of $5000 to Stuzzles LLC, a close company. The loan is not expected to be repaid
and has been written off at the year end.
During the year, the director loaned the Company £60,864. At the year end the Company owed £166,423 (2022: £105,559) to
the director. No interest is being charged in respect of this loan.
4. Average number of persons employed
During the year the average number of employees was 0
5. Change of name
Since the last accounting period, the company has had a change of name from We Are Probiotic Limited to Vench Creative Ltd.
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