Ventechnik Limited
Registered number: 09558525
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 56,771 4,633
Current assets
Debtors 3 553,437 420,582
Cash at bank and in hand 417,451 183,339
970,888 603,921
Creditors: amounts falling due within one year 4 (276,021) (201,814)
Net current assets 694,867 402,107
Net assets 751,638 406,740
Capital and reserves
Called up share capital 2 1
Profit and loss account 751,636 406,739
Shareholder's funds 751,638 406,740
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Collins
Director
Approved by the board on 16 January 2025
Ventechnik Limited
Notes to the Accounts
for the year ended 30 April 2024
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
1 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 31,562 - 31,562
Additions 1,819 73,291 75,110
Disposals - (18,323) (18,323)
At 30 April 2024 33,381 54,968 88,349
Depreciation
At 1 May 2023 26,929 - 26,929
Charge for the year 4,649 - 4,649
At 30 April 2024 31,578 - 31,578
Net book value
At 30 April 2024 1,803 54,968 56,771
At 30 April 2023 4,633 - 4,633
3 Debtors 2024 2023
£ £
Trade debtors 472,975 352,045
Provision for doubtful debts (45,000) (45,000)
Retentions held by customers 85,462 13,537
Other debtors 40,000 100,000
553,437 420,582
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 31,365
Trade creditors 123,828 122,133
VAT (23,354) (7,679)
Accruals 806 806
Directors loan 7,675 332
Corporation tax 124,158 30,478
Other taxes and social security costs 12,430 24,379
Other creditors 30,478 -
276,021 201,814
5 Other information
Ventechnik Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10, Northside Business Park
Hawkins Lane
Burton-On-Trent
DE14 1DB
Ventechnik Limited 09558525 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 S Collins No description of principal activity 09558525 2022-05-01 2023-04-30 09558525 core:WithinOneYear 2023-04-30 09558525 core:ShareCapital 2023-04-30 09558525 core:RetainedEarningsAccumulatedLosses 2023-04-30 09558525 2023-05-01 2024-04-30 09558525 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09558525 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09558525 bus:Director40 2023-05-01 2024-04-30 09558525 1 2023-05-01 2024-04-30 09558525 2 2023-05-01 2024-04-30 09558525 core:PlantMachinery 2023-05-01 2024-04-30 09558525 core:Vehicles 2023-05-01 2024-04-30 09558525 countries:England 2023-05-01 2024-04-30 09558525 bus:FRS102 2023-05-01 2024-04-30 09558525 bus:FilletedAccounts 2023-05-01 2024-04-30 09558525 2024-04-30 09558525 core:WithinOneYear 2024-04-30 09558525 core:ShareCapital 2024-04-30 09558525 core:RetainedEarningsAccumulatedLosses 2024-04-30 09558525 core:PlantMachinery 2024-04-30 09558525 core:Vehicles 2024-04-30 09558525 2023-04-30 09558525 core:PlantMachinery 2023-04-30 09558525 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure