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REGISTERED NUMBER: SC706389 (Scotland)















Unaudited Financial Statements

for the Period 1 September 2022 to 29 February 2024

for

Venture Financial Services Ltd

Venture Financial Services Ltd (Registered number: SC706389)






Contents of the Financial Statements
for the Period 1 September 2022 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Venture Financial Services Ltd

Company Information
for the Period 1 September 2022 to 29 February 2024







DIRECTORS: Mr Drew Ian Irving
Mr Thomas Bruce Livingstone





REGISTERED OFFICE: 302 Colinton Road
Edinburgh
EH13 0LE





REGISTERED NUMBER: SC706389 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Venture Financial Services Ltd (Registered number: SC706389)

Balance Sheet
29 February 2024

29.2.24 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,504 338

CURRENT ASSETS
Debtors 5 67,946 32,000
Cash at bank 62,026 21,450
129,972 53,450
CREDITORS
Amounts falling due within one year 6 41,109 25,631
NET CURRENT ASSETS 88,863 27,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,367

28,157

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 86,367 24,157
90,367 28,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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.

Venture Financial Services Ltd (Registered number: SC706389)

Balance Sheet - continued
29 February 2024


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 20 March 2024 and were signed on its behalf by:




Mr Drew Ian Irving - Director



Mr Thomas Bruce Livingstone - Director


Venture Financial Services Ltd (Registered number: SC706389)

Notes to the Financial Statements
for the Period 1 September 2022 to 29 February 2024

1. STATUTORY INFORMATION

Venture Financial Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 3 ) .

Venture Financial Services Ltd (Registered number: SC706389)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 505
Additions 2,803
At 29 February 2024 3,308
DEPRECIATION
At 1 September 2022 167
Charge for period 1,637
At 29 February 2024 1,804
NET BOOK VALUE
At 29 February 2024 1,504
At 31 August 2022 338

5. DEBTORS
29.2.24 31.8.22
£    £   
Amounts falling due within one year:
Other debtors 22,176 -

Amounts falling due after more than one year:
Other debtors 45,770 32,000

Aggregate amounts 67,946 32,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.22
£    £   
Taxation and social security 36,109 25,631
Other creditors 5,000 -
41,109 25,631

Venture Financial Services Ltd

Report of the Accountants to the Directors of
Venture Financial Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


20 March 2024