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Company Registration No. 08812791 (England and Wales)
Ventnor Exchange Trading Company Limited Unaudited accounts for the year ended 31 December 2024
Ventnor Exchange Trading Company Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ventnor Exchange Trading Company Limited Company Information for the year ended 31 December 2024
Directors
Mhairi Macaulay Mr Jack Laurence Rigby Whitewood
Company Number
08812791 (England and Wales)
Registered Office
11 CHURCH STREET VENTNOR ISLE OF WIGHT PO38 1SW
Accountants
Cone Accounting Limited 124 City Road London EC1V 2NX
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Ventnor Exchange Trading Company Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,179 
4,385 
Current assets
Inventories
23,051 
20,698 
Debtors
5
5,783 
8,355 
Cash at bank and in hand
1,035 
1,727 
29,869 
30,780 
Creditors: amounts falling due within one year
6
(11,146)
(23,872)
Net current assets
18,723 
6,908 
Total assets less current liabilities
22,902 
11,293 
Creditors: amounts falling due after more than one year
7
(8,059)
(10,879)
Net assets
14,843 
414 
Capital and reserves
Called up share capital
8
3 
3 
Profit and loss account
14,840 
411 
Shareholders' funds
14,843 
414 
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 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 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 of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Mhairi Macaulay Director Company Registration No. 08812791
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Ventnor Exchange Trading Company Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Ventnor Exchange Trading Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08812791. The registered office is 11 CHURCH STREET, VENTNOR, ISLE OF WIGHT, PO38 1SW.
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:
Plant & machinery
20.00% Straight line Method
Fixtures & fittings
25.00% Straight line Method
Computer equipment
33.33% Straight line Method & 25.00% Straight line Method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
1,081 
324 
7,028 
8,433 
Additions
- 
- 
1,813 
1,813 
At 31 December 2024
1,081 
324 
8,841 
10,246 
Depreciation
At 1 January 2024
500 
162 
3,386 
4,048 
Charge for the year
217 
81 
1,721 
2,019 
At 31 December 2024
717 
243 
5,107 
6,067 
Net book value
At 31 December 2024
364 
81 
3,734 
4,179 
At 31 December 2023
581 
162 
3,642 
4,385 
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Ventnor Exchange Trading Company Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,133 
7,825 
Accrued income and prepayments
166 
- 
Other debtors
484 
530 
5,783 
8,355 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,163 
4,095 
VAT
2,124 
10,484 
Trade creditors
4,778 
9,482 
Taxes and social security
(321)
(320)
Other creditors
600 
319 
Loans from directors
(198)
(188)
11,146 
23,872 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,059 
10,879 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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