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Company Registration No. 11444381 (England and Wales)
AA Venture Lab Limited Unaudited accounts for the year ended 31 July 2023
AA Venture Lab Limited Unaudited accounts Contents
Page
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AA Venture Lab Limited Company Information for the year ended 31 July 2023
Director
S Kansal
Company Number
11444381 (England and Wales)
Registered Office
51 Buckland Avenue Basingstoke RG22 LJA
Accountants
MCC Partners Springhead Enterprise Park Fleet House, Springhead Road Ebbsfleet Kent DA11 8HJ
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AA Venture Lab Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
444 
900 
Current assets
Debtors
25,888 
31,779 
Cash at bank and in hand
12,436 
5,962 
38,324 
37,741 
Creditors: amounts falling due within one year
(30,208)
(26,576)
Net current assets
8,116 
11,165 
Total assets less current liabilities
8,560 
12,065 
Creditors: amounts falling due after more than one year
(6,941)
(10,457)
Net assets
1,619 
1,608 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,519 
1,508 
Shareholders' funds
1,619 
1,608 
For the year ending 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 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.
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 26 January 2024 and were signed on its behalf by
S Kansal Director Company Registration No. 11444381
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AA Venture Lab Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
AA Venture Lab Limited is a private company, limited by shares, registered in England and Wales, registration number 11444381. The registered office is 51 Buckland Avenue, Basingstoke, RG22 LJA.
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.
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:
Motor vehicles
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
543 
5,188 
5,731 
At 31 July 2023
543 
5,188 
5,731 
Depreciation
At 1 August 2022
272 
4,559 
4,831 
Charge for the year
136 
320 
456 
At 31 July 2023
408 
4,879 
5,287 
Net book value
At 31 July 2023
135 
309 
444 
At 31 July 2022
271 
629 
900 
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AA Venture Lab Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,100 
19,875 
Other debtors
6,788 
11,904 
25,888 
31,779 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,500 
3,500 
Taxes and social security
16,907 
15,647 
Other creditors
9,801 
7,429 
30,208 
26,576 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,941 
10,457 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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