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Company Registration No. NI691826 (Northern Ireland)
Ven Panels Ltd Unaudited accounts for the year ended 31 October 2025
Ven Panels Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ven Panels Ltd Company Information for the year ended 31 October 2025
Director
Emil Vasile
Company Number
NI691826 (Northern Ireland)
Registered Office
8 Isadore Avenue Belfast BT13 3QQ United Kingdom
Accountants
RCSB Accountants Ltd Office 5B Townsend Enterprise Park Townsend Street Belfast Antrim BT13 2ES
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Ven Panels Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
17,500
20,000
Tangible assets
5
27,421
14,062
44,921
34,062
Current assets
Debtors
6
32,999
3,635
Cash at bank and in hand
57,605
67,951
90,604
71,586
Creditors: amounts falling due within one year
7
(54,856)
(57,418)
Net current assets
35,748
14,168
Total assets less current liabilities
80,669
48,230
Creditors: amounts falling due after more than one year
8
(74,580)
(47,958)
Net assets
6,089
272
Capital and reserves
Called up share capital
1
1
Profit and loss account
6,088
271
Shareholders' funds
6,089
272
For the year ending 31 October 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 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 11 February 2026 and were signed on its behalf by
Emil Vasile Director Company Registration No. NI691826
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Ven Panels Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Ven Panels Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI691826. The registered office is 8 Isadore Avenue, , Belfast, BT13 3QQ, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Motor vehicles
25
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ven Panels Ltd Notes to the Accounts for the year ended 31 October 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024
25,000
At 31 October 2025
25,000
Amortisation
At 1 November 2024
5,000
Charge for the year
2,500
At 31 October 2025
7,500
Net book value
At 31 October 2025
17,500
At 31 October 2024
20,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
5,000
17,500
22,500
Additions
10,000
12,500
22,500
At 31 October 2025
15,000
30,000
45,000
Depreciation
At 1 November 2024
2,188
6,250
8,438
Charge for the year
3,203
5,938
9,141
At 31 October 2025
5,391
12,188
17,579
Net book value
At 31 October 2025
9,609
17,812
27,421
At 31 October 2024
2,812
11,250
14,062
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,848
3,635
Trade debtors
3,250
-
Other debtors
24,901
-
32,999
3,635
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Ven Panels Ltd Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
16,736
20,630
Trade creditors
21,199
22,244
Taxes and social security
1,914
-
Loans from directors
11,064
8,914
Accruals
3,943
5,630
54,856
57,418
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
74,580
47,958
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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