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REGISTERED NUMBER: 09421637 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

VENTURE TRAINING & EDUCATION LTD

VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

VENTURE TRAINING & EDUCATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I P Harris
Mrs S Harris





REGISTERED OFFICE: 198 Shorncliffe Road
Folkestone
Kent
CT20 3PH





REGISTERED NUMBER: 09421637 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,208 1,263

CURRENT ASSETS
Debtors 5 40,131 50,366
Cash at bank and in hand 14,017 9,662
54,148 60,028
CREDITORS
Amounts falling due within one year 6 40,547 31,377
NET CURRENT ASSETS 13,601 28,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,809

29,914

CREDITORS
Amounts falling due after more than one
year

7

10,710

18,710
NET ASSETS 4,099 11,204

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,999 11,104
SHAREHOLDERS' FUNDS 4,099 11,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

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 27 February 2025 and were signed on its behalf by:





I P Harris - Director


VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Venture Training & Education Ltd 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.

The Financial Statements are presented in round pounds Sterling £.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 6 ) .

VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 4,648 - 4,648
Additions - 270 270
At 29 February 2024 4,648 270 4,918
DEPRECIATION
At 1 March 2023 3,385 - 3,385
Charge for year 316 9 325
At 29 February 2024 3,701 9 3,710
NET BOOK VALUE
At 29 February 2024 947 261 1,208
At 28 February 2023 1,263 - 1,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,132 1,128
Related party loan - 47,369
Directors' current accounts 30,836 1,869
Tax 1,749 -
VAT 414 -
40,131 50,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 7,957 7,957
Tax 6,687 14,026
Social security and other taxes 2,585 -
Pensions 438 -
VAT - 5,926
Other creditors - 3,131
Related party loan 22,231 -
Directors' current accounts 312 -
Accrued expenses 337 337
40,547 31,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 10,710 18,710

VENTURE TRAINING & EDUCATION LTD (REGISTERED NUMBER: 09421637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,957 7,957

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,957 7,957

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,753 10,753

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

VENTURE TRAINING & EDUCATION LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
VENTURE TRAINING & EDUCATION LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................