Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 November 2022 false 1 May 2023 30 April 2024 30 April 2024 13668928 Mrs Amanda Burch Mr Carleton Burch Mr Marius Hojda Mr Marius Hojda Amanda Burch 19 Roach Bank, Wantage, OX12 9ZD true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13668928 2023-04-30 13668928 2024-04-30 13668928 2023-05-01 2024-04-30 13668928 frs-core:CurrentFinancialInstruments 2024-04-30 13668928 frs-core:FurnitureFittings 2024-04-30 13668928 frs-core:FurnitureFittings 2023-05-01 2024-04-30 13668928 frs-core:FurnitureFittings 2023-04-30 13668928 frs-core:MotorVehicles 2024-04-30 13668928 frs-core:MotorVehicles 2023-05-01 2024-04-30 13668928 frs-core:MotorVehicles 2023-04-30 13668928 frs-core:PlantMachinery 2024-04-30 13668928 frs-core:PlantMachinery 2023-05-01 2024-04-30 13668928 frs-core:PlantMachinery 2023-04-30 13668928 frs-core:ShareCapital 2024-04-30 13668928 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13668928 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13668928 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13668928 frs-bus:SmallEntities 2023-05-01 2024-04-30 13668928 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13668928 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13668928 1 2023-05-01 2024-04-30 13668928 frs-bus:Director1 2023-05-01 2024-04-30 13668928 frs-bus:Director2 2023-05-01 2024-04-30 13668928 frs-bus:Director3 2023-05-01 2024-04-30 13668928 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 13668928 frs-core:CurrentFinancialInstruments 1 2024-04-30 13668928 frs-countries:EnglandWales 2023-05-01 2024-04-30 13668928 2022-10-31 13668928 2023-04-30 13668928 2022-11-01 2023-04-30 13668928 frs-core:CurrentFinancialInstruments 2023-04-30 13668928 frs-core:ShareCapital 2023-04-30 13668928 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 13668928 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 13668928
Venture Rentals Ltd
Financial Statements
For The Year Ended 30 April 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13668928
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 288,814 156,234
288,814 156,234
CURRENT ASSETS
Stocks 5 2,500 2,500
Debtors 6 245,572 42,591
Cash at bank and in hand 215,487 208,641
463,559 253,732
Creditors: Amounts Falling Due Within One Year 7 (473,930 ) (181,040 )
NET CURRENT ASSETS (LIABILITIES) (10,371 ) 72,692
TOTAL ASSETS LESS CURRENT LIABILITIES 278,443 228,926
NET ASSETS 278,443 228,926
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 278,442 228,925
SHAREHOLDERS' FUNDS 278,443 228,926
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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 directors acknowledge their 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 Amanda Burch
Director
26/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Venture Rentals Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13668928 . The registered office is Unit 5 The Cobden Centre, Didcot, OX11 7HL.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 9)
2 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 14,531 64,851 114,133 193,515
Additions 5,209 96,475 84,230 185,914
As at 30 April 2024 19,740 161,326 198,363 379,429
Depreciation
As at 1 May 2023 4,069 12,955 20,257 37,281
Provided during the period 3,134 14,578 35,622 53,334
As at 30 April 2024 7,203 27,533 55,879 90,615
Net Book Value
As at 30 April 2024 12,537 133,793 142,484 288,814
As at 1 May 2023 10,462 51,896 93,876 156,234
5. Stocks
30 April 2024 30 April 2023
£ £
Stock 2,500 2,500
6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Trade debtors 35,456 9,341
Prepayments and accrued income 4,643 -
Other debtor 4,222 4,213
VAT 56,834 -
Amounts owed by group undertakings 144,417 29,037
245,572 42,591
Amounts owed by group undertakings relates to a loan advanced to Didcot Hire Limited of £144,417 (2023: £nil). A loan advanced to ATA Logistics Limited of £29,037 in 2023 has been fully repaid. The loans are unsecured, interest free and repayable upon demand. 
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7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 41,662 26,901
Corporation tax 21,395 23,352
VAT - 13,528
Other creditors 1,696 -
Amounts owed to group undertakings 409,177 117,259
473,930 181,040
Amounts owed to group undertakings relates to a loan advanced by ATA Sameday Limited of £262,551 (2023: £117,259) and a loan advanced by ATA Logisitcs Limited of £146,626 (£nil). The loans are unsecured, interest free and repayable as cashflow permits.
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is ITB Holdings Limited . ITB Holdings Limited was incorporated in England. The ultimate controlling party is Amanda Burch who controls 90% of the shares of  ITB Holdings Limited .
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