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REGISTERED NUMBER: 08614669 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VENTURI OPTICS LTD

VENTURI OPTICS LTD (REGISTERED NUMBER: 08614669)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURI OPTICS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: O A L Venturi
Mrs S Venturi





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: 08614669 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

VENTURI OPTICS LTD (REGISTERED NUMBER: 08614669)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 26,710 30,712

CURRENT ASSETS
Stocks 4 2,475 2,550
Debtors 5 88,595 49,007
Cash at bank and in hand 11,802 19,673
102,872 71,230
CREDITORS
Amounts falling due within one year 6 98,918 65,675
NET CURRENT ASSETS 3,954 5,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,664

36,267

CREDITORS
Amounts falling due after more than one
year

7

30,093

35,648
NET ASSETS 571 619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 471 519
SHAREHOLDERS' FUNDS 571 619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VENTURI OPTICS LTD (REGISTERED NUMBER: 08614669)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





O A L Venturi - Director


VENTURI OPTICS LTD (REGISTERED NUMBER: 08614669)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 7,241 23,040 34,924 7,364 72,569
Additions - 375 - - 375
At 31 December 2023 7,241 23,415 34,924 7,364 72,944
DEPRECIATION
At 1 January 2023 1,343 13,453 20,433 6,628 41,857
Charge for year 295 1,494 414 2,174 4,377
At 31 December 2023 1,638 14,947 20,847 8,802 46,234
NET BOOK VALUE
At 31 December 2023 5,603 8,468 14,077 (1,438 ) 26,710
At 31 December 2022 5,898 9,587 14,491 736 30,712

VENTURI OPTICS LTD (REGISTERED NUMBER: 08614669)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. STOCKS
31.12.23 31.12.22
£    £   
Stocks 2,475 2,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 88,595 49,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 34,325 33,004
Taxation and social security 57,333 25,071
Other creditors 1,704 2,044
98,918 65,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 30,093 35,648

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
O A L Venturi
Balance outstanding at start of year 47,516 -
Amounts advanced 66,874 47,516
Amounts repaid (47,516 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,874 47,516

The amounts advanced to the director during the year ended 31 December 2023 will be repaid in full by way of a dividend payable on 30 September 2024 along with funds paid back by the director. This will be reflected in the financial statements for the year ended 31 December 2024.