Company Registration No. 14089085 (England and Wales)
VENCAIR LTD
Unaudited accounts
for the year ended 31 May 2024
VENCAIR LTD
Unaudited accounts
Contents
VENCAIR LTD
Company Information
for the year ended 31 May 2024
Director
Rickie Dean Newell
Company Number
14089085 (England and Wales)
Registered Office
22 Levington Close
Perton
Wolverhampton
WV6 7NP
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
VENCAIR LTD
Statement of financial position
as at 31 May 2024
Intangible assets
5,000
10,000
Tangible assets
37,255
11,735
Cash at bank and in hand
15,945
686
Creditors: amounts falling due within one year
(66,644)
(83,107)
Net current assets
55,976
65,059
Total assets less current liabilities
98,231
86,794
Creditors: amounts falling due after more than one year
(29,863)
-
Profit and loss account
68,368
86,794
Shareholders' funds
68,368
86,794
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
Rickie Dean Newell
Director
Company Registration No. 14089085
VENCAIR LTD
Notes to the Accounts
for the year ended 31 May 2024
VENCAIR LTD is a private company, limited by shares, registered in England and Wales, registration number 14089085. The registered office is 22 Levington Close, Perton, Wolverhampton, WV6 7NP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
20% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
VENCAIR LTD
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
1,431
12,550
1,476
15,457
Additions
578
36,747
1,526
38,851
At 31 May 2024
2,009
49,297
3,002
54,308
At 1 June 2023
288
3,138
296
3,722
Charge for the year
404
12,325
602
13,331
At 31 May 2024
692
15,463
898
17,053
At 31 May 2024
1,317
33,834
2,104
37,255
At 31 May 2023
1,143
9,412
1,180
11,735
Amounts falling due within one year
Trade debtors
38,604
66,556
Accrued income and prepayments
68,021
80,924
VENCAIR LTD
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
63,409
75,123
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,863
-
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).