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REGISTERED NUMBER: SC344071 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Venture Support & Care Ltd.

Venture Support & Care Ltd. (Registered number: SC344071)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venture Support & Care Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs B M Mackie
Mr D R Mackie





REGISTERED OFFICE: Glenaden
Old Deer
Peterhead
Aberdeenshire
AB42 5JX





REGISTERED NUMBER: SC344071 (Scotland)





ACCOUNTANTS: SBP
Accountants
27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ

Venture Support & Care Ltd. (Registered number: SC344071)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,011 120,806

CURRENT ASSETS
Stocks 116,061 -
Debtors 5 61,660 49,591
Cash at bank - 75,565
177,721 125,156
CREDITORS
Amounts falling due within one year 6 175,016 117,795
NET CURRENT ASSETS 2,705 7,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,716

128,167

PROVISIONS FOR LIABILITIES 451 196
NET ASSETS 244,265 127,971

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 244,263 127,969
SHAREHOLDERS' FUNDS 244,265 127,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Support & Care Ltd. (Registered number: SC344071)

Balance Sheet - continued
30 June 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 March 2025 and were signed on its behalf by:




Mrs B M Mackie - Director



Mr D R Mackie - Director


Venture Support & Care Ltd. (Registered number: SC344071)

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

1. STATUTORY INFORMATION

Venture Support & Care Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared in UK £ sterling.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Office equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.
At the end of the accounting period the assets held were fully written down.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Following assessment, the directors considered that there was no requirement for a Deferred Tax provision in the current year.


Venture Support & Care Ltd. (Registered number: SC344071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable /payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023 122,437 1,022 1,540 124,999
Additions 125,183 136 1,536 126,855
At 30 June 2024 247,620 1,158 3,076 251,854
DEPRECIATION
At 1 July 2023 2,449 204 1,540 4,193
Charge for year 4,952 191 507 5,650
At 30 June 2024 7,401 395 2,047 9,843
NET BOOK VALUE
At 30 June 2024 240,219 763 1,029 242,011
At 30 June 2023 119,988 818 - 120,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 57,753 48,005
Other debtors 3,907 1,586
61,660 49,591

Venture Support & Care Ltd. (Registered number: SC344071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 453 -
Trade creditors 469 -
Taxation and social security 83,495 31,034
Other creditors 90,599 86,761
175,016 117,795

7. RELATED PARTY DISCLOSURES

The directors operate current accounts with the company and as at the financial year end the combined balance owing to them was £12,527 (2023: £4,506). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.