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Registered number: 13965681
Scentventure Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13965681
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,736 503
2,736 503
CURRENT ASSETS
Debtors 5 5,780 4,016
Cash at bank and in hand 8,463 5,291
14,243 9,307
Creditors: Amounts Falling Due Within One Year 6 (27,558 ) (15,307 )
NET CURRENT ASSETS (LIABILITIES) (13,315 ) (6,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,579 ) (5,497 )
NET LIABILITIES (10,579 ) (5,497 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (10,580 ) (5,498 )
SHAREHOLDERS' FUNDS (10,579) (5,497)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Katie Guastapaglia
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Scentventure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13965681 . The registered office is 74 Duke Street, Barrow-In-Furness, LA14 1RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - 629 629
Additions 279 2,669 2,948
As at 31 March 2024 279 3,298 3,577
Depreciation
As at 1 April 2023 - 126 126
Provided during the period 56 659 715
As at 31 March 2024 56 785 841
Net Book Value
As at 31 March 2024 223 2,513 2,736
As at 1 April 2023 - 503 503
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5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 5,780 4,016
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 7,422 6,884
Other taxes and social security 1,120 -
VAT 4,186 -
Other creditors 150 -
Director's loan account 14,680 8,423
27,558 15,307
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4