Registered number
09260539
Venture Education Consultants Limited
Report and Unaudited Accounts
31 December 2024
Venture Education Consultants Limited
Registered number: 09260539
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 153 -
Tangible assets 4 32 43
185 43
Current assets
Debtors 5 7,653 4,860
Cash at bank and in hand 21,764 3,323
29,417 8,183
Creditors: amounts falling due within one year 6 (45,587) (17,688)
Net current liabilities (16,170) (9,505)
Net liabilities (15,985) (9,462)
Capital and reserves
Called up share capital 56 56
Profit and loss account (16,041) (9,518)
Shareholders' funds (15,985) (9,462)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms N Fisher
Director
Approved by the board on 16 July 2025
Venture Education Consultants Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The company is investing time and resources in establishing new contacts to promote growth. These costs resulted in the company making a loss in the year to 31 December 2024 but the directors are confident that the company will return to profitability. In the meantime the directors have indicated their willingness to continue to support the company. These financial statements have therefore been drawn up under the going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Intellectual Property:
Cost
Additions 170
At 31 December 2024 170
Amortisation
Provided during the year 17
At 31 December 2024 17
Net book value
At 31 December 2024 153
Intellectual property is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 238
At 31 December 2024 238
Depreciation
At 1 January 2024 195
Charge for the year 11
At 31 December 2024 206
Net book value
At 31 December 2024 32
At 31 December 2023 43
5 Debtors 2024 2023
£ £
Deferred tax asset 5,928 4,398
Other debtors 1,725 462
7,653 4,860
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 45,587 17,688
7 Other information
Venture Education Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Belvedere
Burgmanns Hill
Lympstone
Devon
EX8 5HP
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