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Registered number: 3174264
Second City Ventures Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
M P Bailey Accountancy
Sole Trader
72
Dunstall Road
Halesowen
West Midlands
B63 1BE
Second City Ventures Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Michael Bailey FCA
REGISTERED OFFICE
72 Dunstall Road
Halesowen
West Midlands
B63 1BE
COMPANY DETAILS
Private company limited by shares registered in , registered number 3174264
ACCOUNTANTS
M P Bailey Accountancy
Sole Trader
72
Dunstall Road
Halesowen
West Midlands
B63 1BE
Second City Ventures Limited
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Second City Ventures Limited
BALANCE SHEET AT 31/12/2024
2024
Notes£
FIXED ASSETS
Tangible assets32,126
CURRENT ASSETS
Stock5,750
Debtors512,775
Cash at bank and in hand452
18,977
CREDITORS: Amounts falling due within one year617,889
NET CURRENT ASSETS1,088
TOTAL ASSETS LESS CURRENT LIABILITIES3,214
CAPITAL AND RESERVES
Called up share capital72
Profit and loss account3,213
SHAREHOLDERS' FUNDS3,215
Difference on accounts(1)
For the year ending 31/12/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/09/2025 and signed on their behalf by
.............................
Michael Bailey FCA
Director
Second City Ventures Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
Fixtures and Fittings %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2024
No.No.
Average number of employees2
Second City Ventures Limited
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/01/20246,5523,2789,830
At 31/12/20246,5523,2789,830
Depreciation
At 01/01/20243,1823,1286,310
For the year1,311831,394
At 31/12/20244,4933,2117,704
Net Book Amounts
At 31/12/20242,059672,126
At 31/12/20233,3701503,520
4. STOCK 2024
£
Stock comprises:
Stock5,750
5,750
5. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors1,997
VAT578
Prepayments10,200
12,775
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
UK corporation tax267
Directors current account1,831
Bank Loan12,408
Trade creditors2,590
Other creditors793
17,889
Second City Ventures Limited
7. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each2
2