Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06644930 Mr Richard Goose Ms Amanda Oliver-Goose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06644930 2023-07-31 06644930 2024-07-31 06644930 2023-08-01 2024-07-31 06644930 frs-core:Non-currentFinancialInstruments 2024-07-31 06644930 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06644930 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06644930 frs-core:MotorVehicles 2023-08-01 2024-07-31 06644930 frs-core:PlantMachinery 2024-07-31 06644930 frs-core:PlantMachinery 2023-08-01 2024-07-31 06644930 frs-core:PlantMachinery 2023-07-31 06644930 frs-core:ShareCapital 2024-07-31 06644930 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06644930 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06644930 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06644930 frs-bus:SmallEntities 2023-08-01 2024-07-31 06644930 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06644930 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06644930 frs-bus:Director1 2023-08-01 2024-07-31 06644930 frs-bus:Director2 2023-08-01 2024-07-31 06644930 frs-countries:EnglandWales 2023-08-01 2024-07-31 06644930 2022-07-31 06644930 2023-07-31 06644930 2022-08-01 2023-07-31 06644930 frs-core:Non-currentFinancialInstruments 2023-07-31 06644930 frs-core:ShareCapital 2023-07-31 06644930 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06644930
Ventec Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06644930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,916 40,340
33,916 40,340
CURRENT ASSETS
Debtors 242,436 84,188
Cash at bank and in hand 156,541 115,285
398,977 199,473
Creditors: Amounts Falling Due Within One Year (348,229 ) (130,467 )
NET CURRENT ASSETS (LIABILITIES) 50,748 69,006
TOTAL ASSETS LESS CURRENT LIABILITIES 84,664 109,346
Creditors: Amounts Falling Due After More Than One Year (7,498 ) (34,739 )
NET ASSETS 77,166 74,607
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 77,066 74,507
SHAREHOLDERS' FUNDS 77,166 74,607
Page 1
Page 2
For the year ending 31 July 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
Mr Richard Goose
Director
06/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ventec Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06644930 . The registered office is 22 Manston Way, Gateford, Worksop, Notts, S81 7NX.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2023 91,904
Additions 16,856
Disposals (36,022 )
As at 31 July 2024 72,738
Depreciation
As at 1 August 2023 51,564
...CONTINUED
Page 3
Page 4
Provided during the period 6,395
Disposals (19,137 )
As at 31 July 2024 38,822
Net Book Value
As at 31 July 2024 33,916
As at 1 August 2023 40,340
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4