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Company Registration No. 03086720 (England and Wales)
Venns Plastering Limited Unaudited accounts for the year ended 31 August 2025
Venns Plastering Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Venns Plastering Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,927
9,236
Current assets
Inventories
1,000
1,000
Debtors
5
35,250
32,836
Cash at bank and in hand
4,177
2,111
40,427
35,947
Creditors: amounts falling due within one year
6
(30,105)
(23,005)
Net current assets
10,322
12,942
Total assets less current liabilities
17,249
22,178
Creditors: amounts falling due after more than one year
7
(13,972)
(17,613)
Provisions for liabilities
Deferred tax
8
(711)
(1,016)
Net assets
2,566
3,549
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
566
1,549
Shareholders' funds
2,566
3,549
For the year ending 31 August 2025 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 30 December 2025 and were signed on its behalf by
K.P. Venn Director Company Registration No. 03086720
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Venns Plastering Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Venns Plastering Limited is a private company, limited by shares, registered in England and Wales, registration number 03086720. The registered office is 47 Westbury Drive, Pandy, Wrexham, LL12 9PZ.
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
25% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
25% Reducing balance basis
Computer equipment
25% Reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Venns Plastering Limited Notes to the Accounts for the year ended 31 August 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2024
43,301
41,491
3,965
4,716
93,473
At 31 August 2025
43,301
41,491
3,965
4,716
93,473
Depreciation
At 1 September 2024
41,355
34,381
3,942
4,559
84,237
Charge for the year
486
1,778
6
39
2,309
At 31 August 2025
41,841
36,159
3,948
4,598
86,546
Net book value
At 31 August 2025
1,460
5,332
17
118
6,927
At 31 August 2024
1,946
7,110
23
157
9,236
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,979
1,249
Trade debtors
9,665
589
Other debtors
23,606
30,998
35,250
32,836
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
19,402
16,020
Trade creditors
4,701
905
Taxes and social security
3,828
3,356
Other creditors
674
1,224
Accruals
1,500
1,500
30,105
23,005
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
13,972
17,613
- 5 -
Venns Plastering Limited Notes to the Accounts for the year ended 31 August 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
711
1,016
2025
2024
£
£
Provision at start of year
1,016
1,410
Credited to the profit and loss account
(305)
(394)
Provision at end of year
711
1,016
9
Average number of employees
During the year the average number of employees was 2 (2024: 3).
- 6 -