IRIS Accounts Production v24.3.0.553 05777893 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057778932023-03-31057778932024-03-31057778932023-04-012024-03-31057778932022-03-31057778932022-04-012023-03-31057778932023-03-3105777893ns15:EnglandWales2023-04-012024-03-3105777893ns14:PoundSterling2023-04-012024-03-3105777893ns10:Director12023-04-012024-03-3105777893ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105777893ns10:SmallEntities2023-04-012024-03-3105777893ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105777893ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105777893ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105777893ns10:AbridgedAccounts2023-04-012024-03-310577789312023-04-012024-03-3105777893ns10:Director22023-04-012024-03-3105777893ns10:Director32023-04-012024-03-3105777893ns10:RegisteredOffice2023-04-012024-03-3105777893ns5:CurrentFinancialInstruments2024-03-3105777893ns5:CurrentFinancialInstruments2023-03-3105777893ns5:Non-currentFinancialInstruments2024-03-3105777893ns5:Non-currentFinancialInstruments2023-03-3105777893ns5:ShareCapital2024-03-3105777893ns5:ShareCapital2023-03-3105777893ns5:SharePremium2024-03-3105777893ns5:SharePremium2023-03-3105777893ns5:RevaluationReserve2024-03-3105777893ns5:RevaluationReserve2023-03-3105777893ns5:RetainedEarningsAccumulatedLosses2024-03-3105777893ns5:RetainedEarningsAccumulatedLosses2023-03-3105777893ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105777893ns5:FurnitureFittings2023-04-012024-03-3105777893ns5:ComputerEquipment2023-04-012024-03-3105777893ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 05777893 (England and Wales)







Financial Statements for the Year Ended 31st March 2024

for

Ventutec Limited

Ventutec Limited (Registered number: 05777893)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ventutec Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: K J Savage
J L Smith
D J Lees





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 05777893 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Ventutec Limited (Registered number: 05777893)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 1,500
Tangible assets 5 5,093 6,416
6,593 7,916

CURRENT ASSETS
Debtors 441 2,552
Cash at bank 11,141 1,884
11,582 4,436
CREDITORS
Amounts falling due within one year 4,970 4,503
NET CURRENT ASSETS/(LIABILITIES) 6,612 (67 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,205

7,849

CREDITORS
Amounts falling due after more than one
year

6

19,584

33,959
NET LIABILITIES (6,379 ) (26,110 )

CAPITAL AND RESERVES
Called up share capital 1,619 1,619
Share premium 199,786 199,786
Revaluation reserve 7 1,462 1,462
Retained earnings (209,246 ) (228,977 )
(6,379 ) (26,110 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Ventutec Limited (Registered number: 05777893)

Abridged Balance Sheet - continued
31st March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17th November 2024 and were signed on its behalf by:





J L Smith - Director


Ventutec Limited (Registered number: 05777893)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Ventutec Limited 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.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 60,095
AMORTISATION
At 1st April 2023
and 31st March 2024 58,595
NET BOOK VALUE

At 31st March 2024 1,500
At 31st March 2023 1,500

Ventutec Limited (Registered number: 05777893)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 18,273
Additions 333
At 31st March 2024 18,606
DEPRECIATION
At 1st April 2023 11,857
Charge for year 1,656
At 31st March 2024 13,513
NET BOOK VALUE
At 31st March 2024 5,093
At 31st March 2023 6,416

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 4,955 8,750

7. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 1,462

8. GOING CONCERN

As at 31 March 2024 the Balance Sheet was overdrawn. The directors have agreed to support the company therefore these accounts have been drawn up on a going concern basis.