1 January 2023 false Taxfiler 2024.5 11748230business:PrivateLimitedCompanyLtd2023-01-012023-12-31 117482302022-12-31 117482302023-01-012023-12-31 11748230business:AuditExemptWithAccountantsReport2023-01-012023-12-31 11748230business:FilletedAccounts2023-01-012023-12-31 117482302023-12-31 11748230business:Director12023-01-012023-12-31 11748230business:RegisteredOffice2023-01-012023-12-31 117482302022-12-31 11748230core:WithinOneYear2023-12-31 11748230core:WithinOneYear2022-12-31 11748230core:AfterOneYear2023-12-31 11748230core:AfterOneYear2022-12-31 11748230core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11748230core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11748230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11748230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11748230core:PreviouslyStatedAmount2023-12-31 11748230core:PreviouslyStatedAmount2022-12-31 11748230business:SmallEntities2023-01-012023-12-31 11748230countries:EnglandWales2023-01-012023-12-31 11748230core:FurnitureFittings2023-01-012023-12-31 11748230core:Goodwill2022-12-31 11748230core:Goodwill2023-12-31 11748230core:MotorVehicles2022-12-31 11748230core:FurnitureFittings2022-12-31 11748230core:MotorVehicles2023-01-012023-12-31 11748230core:MotorVehicles2023-12-31 11748230core:FurnitureFittings2023-12-31 117482302022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11748230 (England and Wales)
VENBETA LIMITED Financial Statements for the year ended 31 December 2023
VENBETA LIMITED Financial Statements Contents
Page
- 2 -
VENBETA LIMITED Company Information for the year ended 31 December 2023
Director
Mr Chidiebere Sony Bekee
Company Number
11748230 (England and Wales)
Registered Office
Office 4 Pwll-Mawr Court Business Park, Wentlog Road Cardiff CF3 1XH
- 3 -
VENBETA LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
17,500 
17,500 
Tangible assets
20,631 
19,519 
38,131 
37,019 
Current assets
Inventories
750 
12,250 
Debtors
299,573 
249,064 
Cash at bank and in hand
10,949 
16,025 
311,272 
277,339 
Creditors: amounts falling due within one year
(16,905)
(15,947)
Net current assets
294,367 
261,392 
Total assets less current liabilities
332,498 
298,411 
Creditors: amounts falling due after more than one year
(243,492)
(214,896)
Net assets
89,006 
83,515 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
88,906 
83,415 
Shareholders' funds
89,006 
83,515 
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 24 September 2024 and were signed on its behalf by
Mr Chidiebere Sony Bekee Director Company Registration No. 11748230
- 4 -
VENBETA LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VENBETA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11748230. The registered office is Office 4 Pwll-Mawr Court, Business Park, Wentlog Road, Cardiff, CF3 1XH.
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:
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
17,500 
At 31 December 2023
17,500 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
17,500 
At 31 December 2022
17,500 
- 5 -
VENBETA LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
8,200 
36,336 
44,536 
Additions
- 
12,524 
12,524 
At 31 December 2023
8,200 
48,860 
57,060 
Depreciation
At 1 January 2023
3,280 
21,737 
25,017 
Charge for the year
1,640 
9,772 
11,412 
At 31 December 2023
4,920 
31,509 
36,429 
Net book value
At 31 December 2023
3,280 
17,351 
20,631 
At 31 December 2022
4,920 
14,599 
19,519 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
373 
2,064 
Trade debtors
299,200 
247,000 
299,573 
249,064 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
16,905 
15,947 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
243,492 
214,896 
9
Transactions with related parties
Up to the year ended 31 December 2021, the director, Mr Chidiebere Sony Bekee invested a sum of £203,804 in the form of a Director's loan which is interest-free, unsecured and subordinated to other creditor's loans to the business.
10
Average number of employees
During the year the average number of employees was 1 (2022: 3).
- 6 -