Venture Marketing Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02135433 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Venture Marketing Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Hancock

T S Shah

SECRETARY:

J C Hancock

REGISTERED OFFICE:

2-4 St. Georges Road

London

SW19 4DP

REGISTERED NUMBER:

02135433 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

64,747

69,865

Investments

6

52

64,799

69,917

CURRENT ASSETS

Stocks

162,303

187,628

Debtors

7

1,216,784

1,319,101

Cash at bank and in hand

1,625,100

1,196,947

3,004,187

2,703,676

CREDITORS

Amounts falling due within one year

8

2,298,348

2,172,386

NET CURRENT ASSETS

705,839

531,290

TOTAL ASSETS LESS CURRENT
LIABILITIES

770,638

601,207

CREDITORS

Amounts falling due after more than one
year

9

(5,235

)

(15,695

)

PROVISIONS FOR LIABILITIES

(15,977

)

(17,205

)

NET ASSETS

749,426

568,307

CAPITAL AND RESERVES

Called up share capital

67

Share premium

61,567

Capital redemption reserve

36

Retained earnings

687,756

506,637

SHAREHOLDERS' FUNDS

749,426

568,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

T S Shah - Director

1.	STATUTORY INFORMATION

Venture Marketing Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised at the time the project takes place. In the case of exhibitions the date of the event, in the case of publications the date of issue and in the case of media advertising the revenue is apportioned across the term. Any monies received in relation to projects taking place after the period end will be shown under "Advance exhibition fees" in creditors.

All turnover excludes Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are amortised evenly over their estimated useful life of five and twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

10% on cost

Office equipment

-

at varying rates on cost

Computer equipment

-

at varying rates on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 20 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2024

and 31 December 2024

431,000

130,500

561,500

AMORTISATION

At 1 January 2024

and 31 December 2024

431,000

130,500

561,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Office

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 January 2024

21,944

32,552

72,882

209,799

337,177

Additions

-

35,613

Disposals

-

(150

)

(114,399

)

(114,549

)

At 31 December 2024

21,944

32,552

72,732

131,013

258,241

DEPRECIATION

At 1 January 2024

21,030

31,197

65,507

149,578

267,312

Charge for year

914

1,355

1,098

19,365

22,732

Eliminated on disposal

-

(63

)

(96,487

)

(96,550

)

At 31 December 2024

21,944

32,552

66,542

72,456

193,494

NET BOOK VALUE

At 31 December 2024

-

6,190

58,557

64,747

At 31 December 2023

914

1,355

7,375

60,221

69,865

6.	FIXED ASSET INVESTMENTS

Interest

in joint

Other

venture

investments

Totals

£

COST

At 1 January 2024

and 31 December 2024

50

2

52

NET BOOK VALUE

At 31 December 2024

50

2

52

At 31 December 2023

50

2

52

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

581,108

842,074

Other debtors

635,676

477,027

1,216,784

1,319,101

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,460

10,141

Trade creditors

477,705

358,132

Taxation and social security

155,549

172,729

Other creditors

1,654,634

1,631,384

2,298,348

2,172,386

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

5,235

15,695

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

137,728

114,493

Between one and five years

139,411

276,601

277,139

391,094

11.	RELATED PARTY DISCLOSURES

There is a loan outstanding at the year end to Mr M Stride, who is a shareholder of the company, amounting to £243,110, this is included in other debtors. Interest is being charged on the loan at HMRC's official rate. The loan was fully repaid in April 2025.