1 May 2023 false Taxfiler 2024.5 12559103business:PrivateLimitedCompanyLtd2023-05-012024-04-30 125591032023-04-30 125591032023-05-012024-04-30 12559103business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 12559103business:FilletedAccounts2023-05-012024-04-30 125591032024-04-30 12559103business:Director12023-05-012024-04-30 12559103business:RegisteredOffice2023-05-012024-04-30 125591032023-04-30 12559103core:WithinOneYear2024-04-30 12559103core:WithinOneYear2023-04-30 12559103core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 12559103core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 12559103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 12559103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 12559103core:PreviouslyStatedAmount2024-04-30 12559103core:PreviouslyStatedAmount2023-04-30 12559103business:SmallEntities2023-05-012024-04-30 12559103countries:EnglandWales2023-05-012024-04-30 12559103core:ComputerEquipment2023-05-012024-04-30 12559103core:FurnitureFittings2023-04-30 12559103core:ComputerEquipment2023-04-30 12559103core:FurnitureFittings2023-05-012024-04-30 12559103core:FurnitureFittings2024-04-30 12559103core:ComputerEquipment2024-04-30 125591032022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 12559103 (England and Wales)
Venbridge Ltd Unaudited accounts for the year ended 30 April 2024
Venbridge Ltd Unaudited accounts Contents
Page
- 2 -
Venbridge Ltd Company Information for the year ended 30 April 2024
Director
J Lancashire
Company Number
12559103 (England and Wales)
Registered Office
Crown House 27 Old Gloucester Street London WC1N 3AX
- 3 -
Venbridge Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,088 
1,796 
Current assets
Debtors
3,481 
15,451 
Cash at bank and in hand
23,898 
20,498 
27,379 
35,949 
Creditors: amounts falling due within one year
(224,350)
(11,595)
Net current (liabilities)/assets
(196,971)
24,354 
Total assets less current liabilities
(193,883)
26,150 
Provisions for liabilities
Deferred tax
(587)
(341)
Net (liabilities)/assets
(194,470)
25,809 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(194,570)
25,709 
Shareholders' funds
(194,470)
25,809 
For the year ending 30 April 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 7 November 2024 and were signed on its behalf by
J Lancashire Director Company Registration No. 12559103
- 4 -
Venbridge Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Venbridge Ltd is a private company, limited by shares, registered in England and Wales, registration number 12559103. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.
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 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.
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:
Computer equipment
20% on cost
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
- 5 -
Venbridge Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
864 
1,706 
2,570 
Additions
- 
2,084 
2,084 
At 30 April 2024
864 
3,790 
4,654 
Depreciation
At 1 May 2023
230 
544 
774 
Charge for the year
173 
619 
792 
At 30 April 2024
403 
1,163 
1,566 
Net book value
At 30 April 2024
461 
2,627 
3,088 
At 30 April 2023
634 
1,162 
1,796 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,481 
- 
Other debtors
- 
15,451 
3,481 
15,451 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,279 
Trade creditors
4,847 
1,450 
Taxes and social security
44,622 
3,647 
Other creditors
13,392 
4,132 
Loans from directors
161,489 
87 
224,350 
11,595 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -