Venturer Construction Limited 07488065 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Construction Digita Accounts Production Advanced 6.30.9574.0 true true 07488065 2023-07-01 2024-06-30 07488065 2024-06-30 07488065 bus:OrdinaryShareClass1 2024-06-30 07488065 core:CurrentFinancialInstruments 2024-06-30 07488065 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07488065 core:FurnitureFittingsToolsEquipment 2024-06-30 07488065 core:MotorVehicles 2024-06-30 07488065 core:OtherPropertyPlantEquipment 2024-06-30 07488065 bus:SmallEntities 2023-07-01 2024-06-30 07488065 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07488065 bus:FilletedAccounts 2023-07-01 2024-06-30 07488065 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07488065 bus:RegisteredOffice 2023-07-01 2024-06-30 07488065 bus:CompanySecretary1 2023-07-01 2024-06-30 07488065 bus:Director1 2023-07-01 2024-06-30 07488065 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07488065 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07488065 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07488065 core:MotorVehicles 2023-07-01 2024-06-30 07488065 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 07488065 countries:EnglandWales 2023-07-01 2024-06-30 07488065 2023-06-30 07488065 core:FurnitureFittingsToolsEquipment 2023-06-30 07488065 core:MotorVehicles 2023-06-30 07488065 core:OtherPropertyPlantEquipment 2023-06-30 07488065 2022-07-01 2023-06-30 07488065 2023-06-30 07488065 bus:OrdinaryShareClass1 2023-06-30 07488065 core:CurrentFinancialInstruments 2023-06-30 07488065 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07488065 core:FurnitureFittingsToolsEquipment 2023-06-30 07488065 core:MotorVehicles 2023-06-30 07488065 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07488065

Venturer Construction Limited

trading as Venturer Construction Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Contents

Company Information

1

Statement of Director's Responsibilities

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Company Information

Director

Mr Paul Gould

Company secretary

Mrs Sandra Gould

Registered office

Venturer House The Street
Minsterworth
Gloucester
GL2 8JJ

Accountants

Cashtrac Ltd
15 Westgate House
Westgate Street
Gloucester
Gloucestershire
GL1 2RU

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Statement of Director's Responsibilities

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable to the Small Entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Venturer Construction Limited

trading as Venturer Construction Ltd

(Registration number: 07488065)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

38,297

39,320

Current assets

 

Debtors

5

23,799

78,446

Cash at bank and in hand

 

59,564

49,316

 

83,363

127,762

Creditors: Amounts falling due within one year

6

(71,246)

(78,077)

Net current assets

 

12,117

49,685

Net assets

 

50,414

89,005

Capital and reserves

 

Called up share capital

7

23

23

Retained earnings

50,391

88,982

Shareholders' funds

 

50,414

89,005

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2025
 

.........................................
Mr Paul Gould
Director

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Venturer House The Street
Minsterworth
Gloucester
GL2 8JJ
United Kingdom

These financial statements were authorised for issue by the director on 5 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

2,146

48,170

7,498

57,814

Additions

-

39,163

1,778

40,941

Disposals

-

(43,125)

-

(43,125)

At 30 June 2024

2,146

44,208

9,276

55,630

Depreciation

At 1 July 2023

624

12,874

4,996

18,494

Charge for the year

381

9,065

848

10,294

Eliminated on disposal

-

(11,455)

-

(11,455)

At 30 June 2024

1,005

10,484

5,844

17,333

Carrying amount

At 30 June 2024

1,141

33,724

3,432

38,297

At 30 June 2023

1,522

35,296

2,502

39,320

5

Debtors

Current

2024
£

2023
£

Trade debtors

23,799

56,946

Other debtors

-

21,500

 

23,799

78,446

6

Creditors

Creditors: amounts falling due within one year

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2024
£

2023
£

Due within one year

Trade creditors

8,983

-

Taxation and social security

17,318

35,625

Accruals and deferred income

-

40,498

Other creditors

44,945

1,954

71,246

78,077

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

23

23

23

23

       

8

Dividends

2024

2023

£

£

Interim dividend of £2,813.00 (2023 - £850.00) per ordinary share

64,700

19,550

 

 

9

Related party transactions

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Transactions with the director

 

Venturer Construction Limited

trading as Venturer Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,564

12,564