Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30142023-07-01falseNo description of principal activity15falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05040159 2023-07-01 2024-06-30 05040159 2022-07-01 2023-06-30 05040159 2024-06-30 05040159 2023-06-30 05040159 c:Director1 2023-07-01 2024-06-30 05040159 c:RegisteredOffice 2023-07-01 2024-06-30 05040159 d:PlantMachinery 2023-07-01 2024-06-30 05040159 d:PlantMachinery 2024-06-30 05040159 d:PlantMachinery 2023-06-30 05040159 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05040159 d:FurnitureFittings 2023-07-01 2024-06-30 05040159 d:FurnitureFittings 2024-06-30 05040159 d:FurnitureFittings 2023-06-30 05040159 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05040159 d:ComputerEquipment 2023-07-01 2024-06-30 05040159 d:ComputerEquipment 2024-06-30 05040159 d:ComputerEquipment 2023-06-30 05040159 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05040159 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05040159 d:CurrentFinancialInstruments 2024-06-30 05040159 d:CurrentFinancialInstruments 2023-06-30 05040159 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05040159 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05040159 d:ShareCapital 2024-06-30 05040159 d:ShareCapital 2023-06-30 05040159 d:RetainedEarningsAccumulatedLosses 2024-06-30 05040159 d:RetainedEarningsAccumulatedLosses 2023-06-30 05040159 c:FRS102 2023-07-01 2024-06-30 05040159 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05040159 c:FullAccounts 2023-07-01 2024-06-30 05040159 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05040159 2 2023-07-01 2024-06-30 05040159 6 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 05040159







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


VENTUREAXIS LIMITED






































img4694.png                        

 


VENTUREAXIS LIMITED
 


 
COMPANY INFORMATION


Director
K Dederichs 




Registered number
05040159



Registered office
The Tannery
91 Kirkstall Road

Leeds

LS3 1HS




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


VENTUREAXIS LIMITED
REGISTERED NUMBER:05040159



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,227
11,295

Investments
 5 
1,100
1,100

  
12,327
12,395

Current assets
  

Debtors: amounts falling due within one year
 6 
122,949
209,765

Cash at bank and in hand
  
637,025
553,509

  
759,974
763,274

Creditors: amounts falling due within one year
 7 
(183,280)
(202,402)

Net current assets
  
 
 
576,694
 
 
560,872

Total assets less current liabilities
  
589,021
573,267

  

Net assets
  
589,021
573,267


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
588,901
573,147

  
589,021
573,267


Page 1

 


VENTUREAXIS LIMITED
REGISTERED NUMBER:05040159


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 March 2025.




K Dederichs
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


VENTUREAXIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Ventureaxis Limited is a private company, limited by shares, registered in England and Wales, registered number 05040159. The company's registered office is Regent House, 5 Queen Street, Leeds, LS1 2TW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 


VENTUREAXIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Fixtures and fittings
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.
Page 4

 


VENTUREAXIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 14).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
32,705
33,082
102,457
168,244


Additions
1,004
-
4,459
5,463



At 30 June 2024

33,709
33,082
106,916
173,707



Depreciation


At 1 July 2023
32,117
32,606
92,226
156,949


Charge for the year on owned assets
526
157
4,848
5,531



At 30 June 2024

32,643
32,763
97,074
162,480



Net book value



At 30 June 2024
1,066
319
9,842
11,227



At 30 June 2023
588
476
10,231
11,295


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 July 2023
800
300
1,100



At 30 June 2024
800
300
1,100




Page 5

 


VENTUREAXIS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
70,981
92,346

Amounts owed by group undertakings
23,200
-

Prepayments and accrued income
28,768
117,419

122,949
209,765



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,269
19,678

Amounts owed to group undertakings
-
800

Other taxation and social security
94,934
81,622

Other creditors
29,724
32,397

Accruals and deferred income
38,353
67,905

183,280
202,402


 
Page 6