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REGISTERED NUMBER: 04390614 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

VENTBROOK LIMITED

VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTBROOK LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: N P Smith
G R Tetlow





REGISTERED OFFICE: Duxbury's Centre
Chain House Lane
Whitestake
Preston
Lancashire
PR4 4LB





REGISTERED NUMBER: 04390614 (England and Wales)






VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 108,414 124,661

CURRENT ASSETS
Stocks 375,000 320,000
Debtors 5 756,164 1,568,048
Investments 6 220,000 220,000
Cash at bank 42,155 24,423
1,393,319 2,132,471
CREDITORS
Amounts falling due within one year 7 1,093,399 1,702,157
NET CURRENT ASSETS 299,920 430,314
TOTAL ASSETS LESS CURRENT LIABILITIES 408,334 554,975

CREDITORS
Amounts falling due after more than one
year

8

(66,484

)

(109,765

)

PROVISIONS FOR LIABILITIES (27,105 ) (31,165 )
NET ASSETS 314,745 414,045

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 314,725 414,025
SHAREHOLDERS' FUNDS 314,745 414,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

BALANCE SHEET - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





G R Tetlow - Director


VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ventbrook Limited 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.

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 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 and services is recognised when significant risks and rewards of ownership of the goods and services have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

DEPRECIATION
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery - 20% on cost
Office equipment - 33% on cost
Motor vehicles - 20% on cost
Fixtures and fittings - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all costs of of purchase, costs of conversion and other costs incurred in bringing stocks to its present location and condition. Cost is calculated using the first-in, first-out formula.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2023 - 68 ) .

VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 227,605 34,345 89,132 42,820 393,902
Additions 7,108 - 750 - 7,858
Disposals - - (750 ) - (750 )
At 31 May 2024 234,713 34,345 89,132 42,820 401,010
DEPRECIATION
At 1 June 2023 146,522 27,822 62,554 32,343 269,241
Charge for year 7,662 2,467 10,727 2,499 23,355
At 31 May 2024 154,184 30,289 73,281 34,842 292,596
NET BOOK VALUE
At 31 May 2024 80,529 4,056 15,851 7,978 108,414
At 31 May 2023 81,083 6,523 26,578 10,477 124,661

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 53,631
Transfer to ownership (28,000 )
At 31 May 2024 25,631
DEPRECIATION
At 1 June 2023 27,051
Charge for year 5,127
Transfer to ownership (16,800 )
At 31 May 2024 15,378
NET BOOK VALUE
At 31 May 2024 10,253
At 31 May 2023 26,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 386,924 1,311,560
Other debtors 67,889 39,133
Directors' current accounts 301,351 217,355
756,164 1,568,048

VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 220,000 220,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 229,102 149,808
Hire purchase contracts 4,984 19,810
Trade creditors 104,977 139,055
Corporation tax 119,757 106,128
Social security and other taxes 213,055 395,577
Other creditors 421,524 891,779
1,093,399 1,702,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 61,186 37,852
Bank loans - 2-5 years 5,298 66,929
Hire purchase contracts - 4,984
66,484 109,765

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 295,586 254,589
Hire purchase contracts 4,984 24,794
Factoring creditor 324,327 784,554
624,897 1,063,937

The bank loan is secured by the UK government.
The Rosebud loan is secured by personal guarantee of the directors.
Hire purchase contract obligations are secured upon the assets to which the contracts relate.
The factoring creditor is secured by a first fixed and floating charge over all the assets of the company.

VENTBROOK LIMITED (REGISTERED NUMBER: 04390614)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

10. DIRECTORS ADVANCES AND CREDITS - INTEREST FREE

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
G R Tetlow
Balance outstanding at start of year 108,677 118,554
Amounts advanced 190,095 123,822
Amounts repaid (148,097 ) (133,699 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,675 108,677

N P Smith
Balance outstanding at start of year 108,678 118,555
Amounts advanced 172,710 101,201
Amounts repaid (130,712 ) (111,078 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,676 108,678