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REGISTERED NUMBER: 06719305 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

VENTURE DISPLAY LTD

VENTURE DISPLAY LTD (REGISTERED NUMBER: 06719305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURE DISPLAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Conway
C Conway
W Bodimeade
S Bodimeade





REGISTERED OFFICE: Unit 3
Park Drive Industrial Estate
Braintree
Essex
CM7 1AW





REGISTERED NUMBER: 06719305 (England and Wales)





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

VENTURE DISPLAY LTD (REGISTERED NUMBER: 06719305)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,788,152 1,640,021

CURRENT ASSETS
Debtors 5 549,004 741,234
Cash at bank and in hand 1,434,096 1,025,103
1,983,100 1,766,337
CREDITORS
Amounts falling due within one year 6 1,541,113 1,026,007
NET CURRENT ASSETS 441,987 740,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,230,139

2,380,351

CREDITORS
Amounts falling due after more than one
year

7

(171,755

)

(243,836

)

PROVISIONS FOR LIABILITIES (432,197 ) (344,854 )
NET ASSETS 1,626,187 1,791,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,626,087 1,791,561
SHAREHOLDERS' FUNDS 1,626,187 1,791,661

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 DISPLAY LTD (REGISTERED NUMBER: 06719305)

BALANCE SHEET - continued
30 SEPTEMBER 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 14 May 2025 and were signed on its behalf by:





W Bodimeade - Director


VENTURE DISPLAY LTD (REGISTERED NUMBER: 06719305)

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

1. STATUTORY INFORMATION

Venture Display 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 20%-25% on reducing balance

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.

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 42 (2023 - 42 ) .

VENTURE DISPLAY LTD (REGISTERED NUMBER: 06719305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 718,478 2,825,811 3,544,289
Additions - 536,121 536,121
At 30 September 2024 718,478 3,361,932 4,080,410
DEPRECIATION
At 1 October 2023 65,583 1,838,685 1,904,268
Charge for year 9,369 378,621 387,990
At 30 September 2024 74,952 2,217,306 2,292,258
NET BOOK VALUE
At 30 September 2024 643,526 1,144,626 1,788,152
At 30 September 2023 652,895 987,126 1,640,021

Included in cost of land and buildings is freehold land of £ 250,000 (2023 - £ 250,000 ) which is not depreciated.



Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 860,050
Additions 210,000
At 30 September 2024 1,070,050
DEPRECIATION
At 1 October 2023 335,958
Charge for year 183,524
At 30 September 2024 519,482
NET BOOK VALUE
At 30 September 2024 550,568
At 30 September 2023 524,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 501,992 423,507
Other debtors 47,012 317,727
549,004 741,234

VENTURE DISPLAY LTD (REGISTERED NUMBER: 06719305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,575 5,575
Hire purchase contracts 205,012 165,012
Trade creditors 708,445 525,027
Taxation and social security 425,193 330,393
Other creditors 196,888 -
1,541,113 1,026,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 27,442 30,695
Hire purchase contracts 144,313 213,141
171,755 243,836

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S Conway
Balance outstanding at start of year 149,283 -
Amounts advanced - 149,283
Amounts repaid (149,283 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 149,283

W Bodimeade
Balance outstanding at start of year 149,283 -
Amounts advanced - 149,283
Amounts repaid (149,283 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 149,283

9. ULTIMATE CONTROLLING PARTY

The controlling party is its directors.