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Company Registration No. 14089085 (England and Wales)
VENCAIR LTD Unaudited accounts for the year ended 31 May 2024
VENCAIR LTD Unaudited accounts Contents
Page
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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
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VENCAIR LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,000 
10,000 
Tangible assets
37,255 
11,735 
42,255 
21,735 
Current assets
Debtors
106,675 
147,480 
Cash at bank and in hand
15,945 
686 
122,620 
148,166 
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)
- 
Net assets
68,368 
86,794 
Capital and reserves
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
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VENCAIR LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
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.
Going concern
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.
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VENCAIR LTD Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
15,000 
At 31 May 2024
15,000 
Amortisation
At 1 June 2023
5,000 
Charge for the year
5,000 
At 31 May 2024
10,000 
Net book value
At 31 May 2024
5,000 
At 31 May 2023
10,000 
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 
Depreciation
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 
Net book value
At 31 May 2024
1,317 
33,834 
2,104 
37,255 
At 31 May 2023
1,143 
9,412 
1,180 
11,735 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,604 
66,556 
Accrued income and prepayments
68,021 
80,924 
Other debtors
50 
- 
106,675 
147,480 
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VENCAIR LTD Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(740)
4,673 
Trade creditors
244 
1,492 
Taxes and social security
63,409 
75,123 
Other creditors
3,725 
980 
Loans from directors
6 
58 
Accruals
- 
781 
66,644 
83,107 
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).
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