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Company Registration No. 13114083 (England and Wales)
Venturemech Ltd Unaudited accounts for the year ended 31 January 2024
Venturemech Ltd Unaudited accounts Contents
Page
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Venturemech Ltd Company Information for the year ended 31 January 2024
Director
GREGORY, Sophie Alexandra
Company Number
13114083 (England and Wales)
Registered Office
A35 ARENA BUSINESS CENTRE 9 NIMROD WAY WIMBORNE DORSET BH21 7UH ENGLAND
Accountants
Atreus Accountants Ltd. Arena Business Centre 9 Nimrod Way Wimborne Dorset BH21 7UH
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Venturemech Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,865 
21,834 
Current assets
Debtors
1,841 
1,960 
Cash at bank and in hand
23,972 
11,938 
25,813 
13,898 
Creditors: amounts falling due within one year
(28,603)
(29,562)
Net current liabilities
(2,790)
(15,664)
Total assets less current liabilities
15,075 
6,170 
Creditors: amounts falling due after more than one year
(1,555)
(3,103)
Net assets
13,520 
3,067 
Capital and reserves
Profit and loss account
13,520 
3,067 
Shareholders' funds
13,520 
3,067 
For the year ending 31 January 2024 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 her 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 8 August 2024 and were signed on its behalf by
GREGORY, Sophie Alexandra Director Company Registration No. 13114083
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Venturemech Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Venturemech Ltd is a private company, limited by shares, registered in England and Wales, registration number 13114083. The registered office is A35 ARENA BUSINESS CENTRE, 9 NIMROD WAY, WIMBORNE, DORSET, BH21 7UH, 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.
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 method
Fixtures & fittings
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
20,130 
6,545 
3,525 
30,200 
Additions
652 
1,334 
- 
1,986 
At 31 January 2024
20,782 
7,879 
3,525 
32,186 
Depreciation
At 1 February 2023
5,062 
2,143 
1,161 
8,366 
Charge for the year
3,930 
1,434 
591 
5,955 
At 31 January 2024
8,992 
3,577 
1,752 
14,321 
Net book value
At 31 January 2024
11,790 
4,302 
1,773 
17,865 
At 31 January 2023
15,068 
4,402 
2,364 
21,834 
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Venturemech Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,341 
1,025 
Other debtors
500 
935 
1,841 
1,960 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,374 
(310)
Trade creditors
1,333 
62 
Taxes and social security
3,618 
820 
Proposed dividends
- 
2,000 
Loans from directors
20,278 
26,990 
28,603 
29,562 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,555 
3,103 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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