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REGISTERED NUMBER: 06000601 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Venture Security Management Limited

Venture Security Management Limited (Registered number: 06000601)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Venture Security Management Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: P R Howe
S Howe
S Watson





REGISTERED OFFICE: Unit 8
Focus 303 Business Centre
Focus Way
ANDOVER
Hampshire
SP10 5NY





REGISTERED NUMBER: 06000601 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Venture Security Management Limited (Registered number: 06000601)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 434,017 448,401

CURRENT ASSETS
Stocks 6,944 6,260
Debtors 5 659,578 659,832
Cash at bank and in hand 284,926 148,220
951,448 814,312
CREDITORS
Amounts falling due within one year 6 1,005,704 696,172
NET CURRENT (LIABILITIES)/ASSETS (54,256 ) 118,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,761

566,541

CREDITORS
Amounts falling due after more than one
year

7

112,877

122,606
NET ASSETS 266,884 443,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 266,784 443,835
SHAREHOLDERS' FUNDS 266,884 443,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Security Management Limited (Registered number: 06000601)

Balance Sheet - continued
31st October 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 19th July 2025 and were signed on its behalf by:





P R Howe - Director


Venture Security Management Limited (Registered number: 06000601)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Venture Security Management 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.

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.
Plant and machinery etc - 25% on reducing balance

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

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.

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.

Venture Security Management Limited (Registered number: 06000601)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

2. ACCOUNTING POLICIES - continued

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 97 (2023 - 85 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 217,358 362,341 579,699
Additions 23,395 42,133 65,528
Disposals - (7,375 ) (7,375 )
At 31st October 2024 240,753 397,099 637,852
DEPRECIATION
At 1st November 2023 15,336 115,962 131,298
Charge for year 13,371 64,590 77,961
Eliminated on disposal - (5,424 ) (5,424 )
At 31st October 2024 28,707 175,128 203,835
NET BOOK VALUE
At 31st October 2024 212,046 221,971 434,017
At 31st October 2023 202,022 246,379 448,401

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

Plant and
machinery
etc
£   
COST
At 1st November 2023 244,538
Additions 41,021
At 31st October 2024 285,559
DEPRECIATION
At 1st November 2023 69,636
Charge for year 47,156
At 31st October 2024 116,792
NET BOOK VALUE
At 31st October 2024 168,767
At 31st October 2023 174,902

Venture Security Management Limited (Registered number: 06000601)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

5. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 543,843 549,685
Other debtors 1,250 1,250
Directors' current accounts 90,086 67,141
VAT - 22,126
Prepayments 19,047 14,278
654,226 654,480

Amounts falling due after more than one year:
Tax 5,352 5,352

Aggregate amounts 659,578 659,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 11,643 15,273
Hire purchase contracts 40,007 34,717
Trade creditors 301,260 409,773
Tax 9,372 24,600
Social security and other taxes 122,017 -
VAT 119,122 -
Other creditors 8,000 8,000
Wages control 243,804 200,329
Accruals and deferred income 150,479 3,480
1,005,704 696,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 2-5 years 3,300 13,603
Hire purchase contracts 109,577 109,003
112,877 122,606

Venture Security Management Limited (Registered number: 06000601)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
P R Howe and S Howe
Balance outstanding at start of year 67,141 56,441
Amounts advanced 81,500 73,700
Amounts repaid (47,900 ) (63,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,741 67,141

The amount advanced to the directors is repayable on demand and is subject to a commercial rate of interest.