1 January 2024 false Taxfiler 2024.6 11748230business:PrivateLimitedCompanyLtd2024-01-012024-12-31 117482302023-12-31 117482302024-01-012024-12-31 11748230business:AuditExemptWithAccountantsReport2024-01-012024-12-31 11748230business:FilletedAccounts2024-01-012024-12-31 117482302024-12-31 11748230business:Director12024-01-012024-12-31 11748230business:RegisteredOffice2024-01-012024-12-31 117482302023-12-31 11748230core:WithinOneYear2024-12-31 11748230core:WithinOneYear2023-12-31 11748230core:AfterOneYear2024-12-31 11748230core:AfterOneYear2023-12-31 11748230core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11748230core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11748230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11748230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11748230core:PreviouslyStatedAmount2024-12-31 11748230core:PreviouslyStatedAmount2023-12-31 11748230business:SmallEntities2024-01-012024-12-31 11748230countries:EnglandWales2024-01-012024-12-31 11748230core:FurnitureFittings2024-01-012024-12-31 11748230core:Goodwill2023-12-31 11748230core:Goodwill2024-12-31 11748230core:MotorVehicles2023-12-31 11748230core:FurnitureFittings2023-12-31 11748230core:MotorVehicles2024-01-012024-12-31 11748230core:MotorVehicles2024-12-31 11748230core:FurnitureFittings2024-12-31 117482302023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11748230 (England and Wales)
VENBETA LIMITED Financial Statements for the year ended 31 December 2024
VENBETA LIMITED Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
VENBETA LIMITED Company Information for the year ended 31 December 2024
Director
Mr Chidiebere Sony Bekee
Company Number
11748230 (England and Wales)
Registered Office
Office 4 Pwll-Mawr Court Business Park, Wentlog Road Cardiff CF3 1XH
- 3 -
VENBETA LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
17,500 
17,500 
Tangible assets
5
12,241 
20,631 
29,741 
38,131 
Current assets
Inventories
750 
750 
Debtors
6
303,380 
299,573 
Cash at bank and in hand
4,681 
10,949 
308,811 
311,272 
Creditors: amounts falling due within one year
7
(33,862)
(16,905)
Net current assets
274,949 
294,367 
Total assets less current liabilities
304,690 
332,498 
Creditors: amounts falling due after more than one year
8
(217,092)
(243,492)
Net assets
87,598 
89,006 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
87,498 
88,906 
Shareholders' funds
87,598 
89,006 
For the year ending 31 December 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
Mr Chidiebere Sony Bekee Director Company Registration No. 11748230
- 4 -
VENBETA LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
VENBETA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11748230. The registered office is Office 4 Pwll-Mawr Court, Business Park, Wentlog Road, Cardiff, CF3 1XH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
17,500 
At 31 December 2024
17,500 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
17,500 
At 31 December 2023
17,500 
- 5 -
VENBETA LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
8,200 
48,860 
57,060 
Additions
- 
3,777 
3,777 
Disposals
- 
35,500 
35,500 
At 31 December 2024
8,200 
88,137 
96,337 
Depreciation
At 1 January 2024
4,920 
31,509 
36,429 
Charge for the year
1,640 
10,527 
12,167 
On disposals
- 
35,500 
35,500 
At 31 December 2024
6,560 
77,536 
84,096 
Net book value
At 31 December 2024
1,640 
10,601 
12,241 
At 31 December 2023
3,280 
17,351 
20,631 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
299 
373 
Trade debtors
303,081 
299,200 
303,380 
299,573 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
33,862 
16,905 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
217,092 
243,492 
9
Transactions with related parties
Up to the year ended 31 December 2021, the director, Mr Chidiebere Sony Bekee invested a sum of £203,804 in the form of a Director's loan which is interest-free, unsecured and subordinated to other creditor's loans to the business.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -