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Registered number: 03027250
Venturecode Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
PJM Accountancy
Chartered Accountants
Grovetown Barn
Yeolmbridge
Launceston
Cornwall
PL15 8NH
Venturecode Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Accountants' Report | 2
Balance Sheet | 3—4
Statement of Changes in Equity | 5
Notes to the Financial Statements | 6—7

Page 1
Venturecode Limited
Company Information
For The Year Ended 31 March 2025
Company Information

Directors | Mr Andrew McMillan
| Mrs Penny McMillan
Company Number | 03027250
Registered Office | 2 Godcott Barns
| North Petherwin
| Launceston
| Cornwall
| PL15 8NX
Accountants | PJM Accountancy
| Chartered Accountants
| Grovetown Barn
| Yeolmbridge
| Launceston
| Cornwall
| PL15 8NH

Page 1
Page 2
Venturecode Limited
Accountants' Report
For The Year Ended 31 March 2025
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Venturecode Limited For The Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Venturecode Limited For The Year Ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Venturecode Limited , as a body, in accordance with the terms of our engagement letter dated 14 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Venturecode Limited and state those matters that we have agreed to state to the directors of Venturecode Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Venturecode Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Venturecode Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Venturecode Limited . You consider that Venturecode Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Venturecode Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

12 September 2025

PJM Accountancy
Chartered Accountants
Grovetown Barn
Yeolmbridge
Launceston
Cornwall
PL15 8NH
Page 2
Page 3
Venturecode Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 03027250

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,334 |  | 1,727
|  |  | 1,334 |  | 1,727
CURRENT ASSETS
Cash at bank and in hand |  | 30,671 |  | 36,809 |
|  | 30,671 |  | 36,809 |
Creditors: Amounts Falling Due Within One Year | 5 | (32,798 ) |  | (27,402 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,127 ) |  | 9,407
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (793 ) |  | 11,134
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (833 ) |  | (5,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 7 |  | (253 ) |  | (328 )
NET (LIABILITIES)/ASSETS |  |  | (1,879 ) |  | 4,973
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | (1,979 ) |  | 4,873
SHAREHOLDERS' FUNDS |  |  | (1,879) |  | 4,973

Page 3
Page 4
Venturecode Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Andrew McMillan Director
12 September 2025

The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
Venturecode Limited
Statement of Changes in Equity
For The Year Ended 31 March 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 April 2023 | 100 | (14,910 ) | (14,810)
Profit for the year and total comprehensive income | - | 81,283 | 81,283
Dividends paid | - | (61,500) | (61,500)
As at 31 March 2024 and 1 April 2024 | 100 | 4,873 | 4,973
Profit for the year and total comprehensive income | - | 77,548 | 77,548
Dividends paid | - | (84,400) | (84,400)
As at 31 March 2025 | 100 | (1,979 ) | (1,879)

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Page 6
Venturecode Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Venturecode Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03027250 . The registered office is 2 Godcott Barns, North Petherwin, Launceston, Cornwall, PL15 8NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors have confirmed their intention to ensure that all liabilities are met as they fall due and will introduce additional funding as required.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 33.33% reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 6
Page 7
Venturecode Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 April 2024 | 6,354
Additions | 281
As at 31 March 2025 | 6,635
Depreciation
As at 1 April 2024 | 4,627
Provided during the period | 674
As at 31 March 2025 | 5,301
Net Book Value
As at 31 March 2025 | 1,334
As at 1 April 2024 | 1,727

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 5,000 |  | 5,000
Corporation tax | 22,972 |  | 17,093
Other taxes and social security | 2,851 |  | 4,505
Accruals and deferred income | 802 |  | 749
Directors' loan accounts | 1,173 |  | 55
| 32,798 |  | 27,402

6. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 833 |  | 5,833

7. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accelerated capital allowances | 253 |  | 328

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 7