1 March 2024 v2025.76.1 limited_company_frs_102_section_1a_v1_1_3 companies_house Software false true true true No description of principal activity false true xbrli:pure xbrli:shares iso4217:GBP SC622322 2024-03-01 2025-02-28 SC622322 2025-02-28 SC622322 2024-02-29 SC622322 core:WithinOneYear 2025-02-28 SC622322 core:WithinOneYear 2024-02-29 SC622322 core:ShareCapital 2025-02-28 SC622322 core:ShareCapital 2024-02-29 SC622322 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC622322 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC622322 bus:Director1 2024-03-01 2025-02-28 SC622322 bus:Director2 2024-03-01 2025-02-28 SC622322 bus:RegisteredOffice 2024-03-01 2025-02-28 SC622322 core:OfficeEquipment 2024-03-01 2025-02-28 SC622322 core:FurnitureFittings 2024-03-01 2025-02-28 SC622322 2023-03-01 2024-02-29 SC622322 core:PlantMachinery 2025-02-28 SC622322 core:PlantMachinery 2024-03-01 SC622322 core:PlantMachinery 2024-03-01 2025-02-28 SC622322 core:PlantMachinery 2024-02-29 SC622322 1 2024-03-01 2025-02-28 SC622322 countries:Scotland 2024-03-01 2025-02-28 SC622322 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC622322 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC622322 bus:SmallEntities 2024-03-01 2025-02-28 SC622322 bus:FullAccounts 2024-03-01 2025-02-28
Company registration number:
SC622322
VENNEIR LIMITED
Unaudited Filleted Financial Statements for the year ended
28 February 2025
VENNEIR LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of VENNEIR LIMITED
Year ended
28 February 2025
As described on the statement of financial position, the Board of Directors of
VENNEIR LIMITED
are responsible for the preparation of the
financial statements
for the year ended
28 February 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
21 November 2025
VENNEIR LIMITED
Statement of Financial Position
28 February 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 831 |  | 1,263 |
Current assets |  |  |  |  |
Stocks |  | 4,990 |  | 3,520 |
Debtors | 6 | 16,075 |  | 14,563 |
Cash at bank and in hand |  | 104,978 |  | 2,706 |
|  | 126,043 |  | 20,789 |
Creditors: amounts falling due within one year | 7 | (89,556 | ) | (12,110 | )
Net current assets |  | 36,487 |  | 8,679 |
Total assets less current liabilities |  | 37,318 |  | 9,942 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 37,218 |  | 9,842 |
Shareholders funds |  | 37,318 |  | 9,942 |

For the year ending
28 February 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 November 2025
, and are signed on behalf of the board by:

Dylan Lane | Stephen Vazquez
Director | Director

Company registration number:
SC622322
VENNEIR LIMITED
Notes to the Financial Statements
Year ended
28 February 2025

## 1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
4 Lynedoch Place
,
Glasgow
,
G3 6AB
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 15% straight line
Fixtures and fittings | 15% straight line

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## 4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
3
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 March 2024 and 28 February 2025 | 2,876 |
Depreciation |  |
At 1 March 2024 | 1,613 |
Charge | 432 |
At 28 February 2025 | 2,045 |
Carrying amount |  |
At 28 February 2025 | 831 |
At 29 February 2024 | 1,263 |

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 12,205 |  | 14,423 |
Other debtors | 3,870 |  | 140 |
| 16,075 |  | 14,563 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 11,908 |  | - |
Trade creditors | 52,426 |  | 8,881 |
Taxation and social security | 24,614 |  | 2,129 |
Other creditors | 608 |  | 1,100 |
| 89,556 |  | 12,110 |