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VENTURES SUPPORT LIMITED

Registered Number
10553446
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

VENTURES SUPPORT LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

ABBAS, Farhat

Registered Address

38 The Charter Road
Woodford Green
IG8 9QU

Registered Number

10553446 (England and Wales)
VENTURES SUPPORT LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3436650
436650
Current assets
Debtors411,71018,880
Cash at bank and on hand4139,971
12,12328,851
Creditors amounts falling due within one year5(464,975)(506,412)
Net current assets (liabilities)(452,852)(477,561)
Total assets less current liabilities(452,416)(476,911)
Creditors amounts falling due after one year6(22,397)(58,046)
Net assets(474,813)(534,957)
Capital and reserves
Called up share capital100100
Profit and loss account(474,913)(535,057)
Shareholders' funds(474,813)(534,957)
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
ABBAS, Farhat
Director
Registered Company No. 10553446
VENTURES SUPPORT LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
Ventures Support Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)
Office Equipment33
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 231,9811,981
At 31 January 241,9811,981
Depreciation and impairment
At 01 February 231,3311,331
Charge for year214214
At 31 January 241,5451,545
Net book value
At 31 January 24436436
At 31 January 23650650
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings-7,217
Other debtors11,71011,663
Total11,71018,880
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-420
Amounts owed to related parties3,432-
Taxation and social security-5,205
Other creditors461,543500,787
Total464,975506,412
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts22,39758,046
Total22,39758,046