1 January 2023 false No description of principal activity Taxfiler 2024.5 09604502business:PrivateLimitedCompanyLtd2023-01-012023-12-31 096045022022-12-31 096045022023-01-012023-12-31 09604502business:AuditExemptWithAccountantsReport2023-01-012023-12-31 09604502business:FilletedAccounts2023-01-012023-12-31 096045022023-12-31 096045022022-12-31 09604502core:WithinOneYear2023-12-31 09604502core:WithinOneYear2022-12-31 09604502core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09604502core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09604502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09604502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09604502core:PreviouslyStatedAmount2023-12-31 09604502core:PreviouslyStatedAmount2022-12-31 09604502business:SmallEntities2023-01-012023-12-31 09604502business:Director12023-01-012023-12-31 09604502countries:EnglandWales2023-01-012023-12-31 09604502business:RegisteredOffice2023-01-012023-12-31 09604502core:PlantMachinery2023-01-012023-12-31 09604502core:FurnitureFittings2023-01-012023-12-31 09604502core:IntangibleAssetsOtherThanGoodwill2022-12-31 09604502core:IntangibleAssetsOtherThanGoodwill2023-12-31 09604502core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 09604502core:PlantMachinery2022-12-31 09604502core:FurnitureFittings2022-12-31 09604502core:PlantMachinery2023-12-31 09604502core:FurnitureFittings2023-12-31 09604502business:OrdinaryShareClass12023-01-012023-12-31 09604502business:OrdinaryShareClass12022-01-012022-12-31 096045022022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09604502 (England and Wales)
Venditan Limited Unaudited accounts for the year ended 31 December 2023
Venditan Limited Unaudited accounts Contents
Page
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Venditan Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
597,663 
1,005,950 
Tangible assets
8,791 
8,667 
606,454 
1,014,617 
Current assets
Inventories
8,765 
615 
Debtors
239,812 
332,165 
Cash at bank and in hand
152,884 
127,218 
401,461 
459,998 
Creditors: amounts falling due within one year
(164,658)
(218,252)
Net current assets
236,803 
241,746 
Total assets less current liabilities
843,257 
1,256,363 
Provisions for liabilities
Deferred tax
(2,198)
(2,167)
Net assets
841,059 
1,254,196 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
841,058 
1,254,195 
Shareholders' funds
841,059 
1,254,196 
For the year ending 31 December 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 13 September 2024 and were signed on its behalf by
Mr C A Maule Director Company Registration No. 09604502
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Venditan Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Venditan Limited is a private company, limited by shares, registered in England and Wales, registration number 09604502. The registered office is Wework, One St. Peter's Square, Manchester, M2 3DE.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
3 years straight line
Fixtures & fittings
5 years straight line
Research and development
Development costs are capitalised within intangible assets where they relate to specific projects for which future economic benefit is anticipated. The capitalised research and development costs are amortised on a straight line basis over a period of 5 years. Research and development expenditure incurred in the year has been expensed.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Venditan Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
3,872,778 
At 31 December 2023
3,872,778 
Amortisation
At 1 January 2023
2,866,828 
Charge for the year
408,287 
At 31 December 2023
3,275,115 
Net book value
At 31 December 2023
597,663 
At 31 December 2022
1,005,950 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
120,336 
40,710 
161,046 
Additions
9,532 
- 
9,532 
At 31 December 2023
129,868 
40,710 
170,578 
Depreciation
At 1 January 2023
111,912 
40,467 
152,379 
Charge for the year
9,165 
243 
9,408 
At 31 December 2023
121,077 
40,710 
161,787 
Net book value
At 31 December 2023
8,791 
- 
8,791 
At 31 December 2022
8,424 
243 
8,667 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
231,262 
323,965 
Accrued income and prepayments
8,550 
8,175 
Other debtors
- 
25 
239,812 
332,165 
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Venditan Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,144 
- 
VAT
50,070 
73,026 
Trade creditors
49,110 
21,774 
Taxes and social security
62,334 
123,452 
164,658 
218,252 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The company is a wholly owned subsidiary of Venditan Group Limited, a company incorporated in England & Wales with its register office at Wework, One St. Peter's Square, Manchester, United Kingdom, M2 3DE.
10
Average number of employees
During the year the average number of employees was 20 (2022: 23).
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