1 July 2022 false No description of principal activity Taxfiler 2024.1 10803915business:PrivateLimitedCompanyLtd2022-07-012023-06-30 108039152022-06-30 108039152022-07-012023-06-30 10803915business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 10803915business:FilletedAccounts2022-07-012023-06-30 108039152023-06-30 10803915business:Director12022-07-012023-06-30 10803915business:Director22022-07-012023-06-30 10803915business:RegisteredOffice2022-07-012023-06-30 108039152022-06-30 10803915core:WithinOneYear2023-06-30 10803915core:WithinOneYear2022-06-30 10803915core:AfterOneYear2023-06-30 10803915core:AfterOneYear2022-06-30 10803915core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10803915core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10803915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10803915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10803915core:PreviouslyStatedAmount2023-06-30 10803915core:PreviouslyStatedAmount2022-06-30 10803915business:SmallEntities2022-07-012023-06-30 10803915countries:EnglandWales2022-07-012023-06-30 10803915core:PlantMachinery2022-07-012023-06-30 10803915core:MotorVehicles2022-07-012023-06-30 10803915core:FurnitureFittings2022-07-012023-06-30 10803915core:ComputerEquipment2022-07-012023-06-30 10803915core:OtherPropertyPlantEquipment2022-07-012023-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2022-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2023-06-30 10803915core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-30 10803915core:PlantMachinery2022-06-30 10803915core:MotorVehicles2022-06-30 10803915core:FurnitureFittings2022-06-30 10803915core:ComputerEquipment2022-06-30 10803915core:PlantMachinery2023-06-30 10803915core:MotorVehicles2023-06-30 10803915core:FurnitureFittings2023-06-30 10803915core:ComputerEquipment2023-06-30 108039152021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10803915 (England and Wales)
VENTURE FITNESS LIMITED Unaudited accounts for the year ended 30 June 2023
VENTURE FITNESS LIMITED Unaudited accounts Contents
Page
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VENTURE FITNESS LIMITED Company Information for the year ended 30 June 2023
Directors
Amritpal Singh SANDHU Arundeep Kaur Rai SANDHU
Company Number
10803915 (England and Wales)
Registered Office
TU MI GOLD CUP LANE ASCOT SL5 8NP UNITED KINGDOM
Accountants
PRIME ACCOUNTANTS 10 LOCKWOOD HOUSE LOCKWOOD PARK HUDDERSFIELD HD4 6EN
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VENTURE FITNESS LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
33,485 
39,080 
Tangible assets
222,132 
294,470 
255,617 
333,550 
Current assets
Debtors
136,288 
89,510 
Cash at bank and in hand
48,380 
99,313 
184,668 
188,823 
Creditors: amounts falling due within one year
(215,457)
(221,542)
Net current liabilities
(30,789)
(32,719)
Total assets less current liabilities
224,828 
300,831 
Creditors: amounts falling due after more than one year
(219,284)
(406,100)
Net assets/(liabilities)
5,544 
(105,269)
Capital and reserves
Called up share capital
6 
10 
Profit and loss account
5,538 
(105,279)
Shareholders' funds
5,544 
(105,269)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by
Amritpal Singh SANDHU Director Company Registration No. 10803915
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VENTURE FITNESS LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
VENTURE FITNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10803915. The registered office is TU MI, GOLD CUP LANE, ASCOT, SL5 8NP, UNITED KINGDOM.
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
5 Year Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
55,947 
At 30 June 2023
55,947 
Amortisation
At 1 July 2022
16,867 
Charge for the year
5,595 
At 30 June 2023
22,462 
Net book value
At 30 June 2023
33,485 
At 30 June 2022
39,080 
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VENTURE FITNESS LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
477,913 
48,757 
92,992 
3,396 
623,058 
Additions
1,758 
- 
2,693 
371 
4,822 
At 30 June 2023
479,671 
48,757 
95,685 
3,767 
627,880 
Depreciation
At 1 July 2022
246,766 
21,890 
58,586 
1,346 
328,588 
Charge for the year
57,996 
9,751 
8,886 
527 
77,160 
At 30 June 2023
304,762 
31,641 
67,472 
1,873 
405,748 
Net book value
At 30 June 2023
174,909 
17,116 
28,213 
1,894 
222,132 
At 30 June 2022
231,147 
26,867 
34,406 
2,050 
294,470 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
79,794 
33,600 
Accrued income and prepayments
2,494 
1,910 
82,288 
35,510 
Amounts falling due after more than one year
Other debtors
54,000 
54,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
100,117 
94,054 
VAT
15,757 
14,819 
Obligations under finance leases and hire purchase contracts
50,347 
92,804 
Taxes and social security
47,237 
18,181 
Other creditors
1,999 
1,684 
215,457 
221,542 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,635 
132,288 
Obligations under finance leases and hire purchase contracts
94,604 
138,304 
Loans from directors
98,045 
135,508 
219,284 
406,100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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