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REGISTERED NUMBER: 11581217 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

New Venture Models Ltd

New Venture Models Ltd (Registered number: 11581217)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


New Venture Models Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S G Fooks





REGISTERED OFFICE: Willow Cottage
Forstal Road
Egerton
Ashford
Kent
TN27 9EH





REGISTERED NUMBER: 11581217 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

New Venture Models Ltd (Registered number: 11581217)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,106 13,734

CURRENT ASSETS
Debtors 6 15,999 62,489
Cash at bank 5,378 35,912
21,377 98,401
CREDITORS
Amounts falling due within one year 7 37,803 101,652
NET CURRENT LIABILITIES (16,426 ) (3,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,320

)

10,483

CREDITORS
Amounts falling due after more than one
year

8

(3,120

)

(8,160

)

PROVISIONS FOR LIABILITIES (1,865 ) (2,322 )
NET (LIABILITIES)/ASSETS (10,305 ) 1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,306 ) -
(10,305 ) 1

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 director acknowledges his 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.

New Venture Models Ltd (Registered number: 11581217)

Statement of Financial Position - 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 director and authorised for issue on 25 June 2025 and were signed by:





S G Fooks - Director


New Venture Models Ltd (Registered number: 11581217)

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

1. STATUTORY INFORMATION

New Venture Models 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

New Venture Models Ltd (Registered number: 11581217)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 15,952 20,000 2,022 37,974
DEPRECIATION
At 1 October 2023 7,887 14,331 2,022 24,240
Charge for year 1,210 1,418 - 2,628
At 30 September 2024 9,097 15,749 2,022 26,868
NET BOOK VALUE
At 30 September 2024 6,855 4,251 - 11,106
At 30 September 2023 8,065 5,669 - 13,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 606 42,827
Corporation Tax refund - 7,323
Directors' current accounts 15,393 6,342
VAT - 5,997
15,999 62,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 5,210 4,986
Trade creditors - 87,897
Taxation 27,527 6,343
VAT 2,932 -
Accrued expenses 2,134 2,426
37,803 101,652

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans - 1-2 years 3,120 5,214
Bank loans - 2-5 years - 2,946
3,120 8,160

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S G Fooks.