1 March 2022 false No description of principal activity Taxfiler 2023.14 true 11205547business:PrivateLimitedCompanyLtd2022-03-012023-02-28 112055472022-02-28 112055472022-03-012023-02-28 11205547business:AuditExemptWithAccountantsReport2022-03-012023-02-28 11205547business:AbridgedAccounts2022-03-012023-02-28 112055472023-02-28 11205547business:Director12022-03-012023-02-28 11205547business:RegisteredOffice2022-03-012023-02-28 112055472022-02-28 11205547core:WithinOneYear2023-02-28 11205547core:WithinOneYear2022-02-28 11205547core:AfterOneYear2023-02-28 11205547core:AfterOneYear2022-02-28 11205547core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11205547core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11205547core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11205547core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11205547core:PreviouslyStatedAmount2023-02-28 11205547core:PreviouslyStatedAmount2022-02-28 11205547business:SmallEntities2022-03-012023-02-28 11205547countries:EnglandWales2022-03-012023-02-28 11205547core:ComputerEquipment2022-03-012023-02-28 112055472021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11205547 (England and Wales)
Venture Motion Limited Unaudited accounts for the year ended 28 February 2023
Venture Motion Limited Unaudited accounts Contents
Page
- 2 -
Venture Motion Limited Company Information for the year ended 28 February 2023
Director
MR TERRY CHIU
Company Number
11205547 (England and Wales)
Registered Office
125 DEANSGATE MANCHESTER M3 2BY ENGLAND
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
- 3 -
Venture Motion Limited Accountants' report
Accountants' report to the director of Venture Motion Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Venture Motion Limited for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Venture Motion Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Venture Motion Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Venture Motion Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Venture Motion Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Venture Motion Limited. You consider that Venture Motion Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Venture Motion Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 8 November 2023
- 4 -
Venture Motion Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
815 
- 
Current assets
Inventories
234,966 
73,278 
Debtors
16,501 
3,377 
Cash at bank and in hand
(1,754)
(1,934)
249,713 
74,721 
Creditors: amounts falling due within one year
(37,629)
(20,267)
Net current assets
212,084 
54,454 
Total assets less current liabilities
212,899 
54,454 
Creditors: amounts falling due after more than one year
(320,779)
(217,612)
Net liabilities
(107,880)
(163,158)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(107,980)
(163,258)
Shareholders' funds
(107,880)
(163,158)
For the year 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 8 November 2023 and were signed on its behalf by
MR TERRY CHIU Director Company Registration No. 11205547
- 5 -
Venture Motion Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Venture Motion Limited is a private company, limited by shares, registered in England and Wales, registration number 11205547. The registered office is 125 DEANSGATE, MANCHESTER, M3 2BY, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Going concern
The Director has committed to funding the business by virtue of an interest free DLA. The Director has further confirmed that the DLA will not be called up within the next 12 months.
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:
Computer equipment
Straightline over 3 years
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2022
- 
Additions
1,089 
At 28 February 2023
1,089 
Depreciation
Charge for the year
274 
At 28 February 2023
274 
Net book value
At 28 February 2023
815 
- 6 -
Venture Motion Limited Notes to the Accounts for the year ended 28 February 2023
5
Average number of employees
During the year the average number of employees was 4 (2022: 3).
- 7 -