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Company Registration No. 13608054 (England and Wales)
VENNLABS LIMITED Unaudited accounts for the year ended 30 September 2025
VENNLABS LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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VENNLABS LIMITED Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,060
12,080
Current assets
Debtors
5
3,341
17,728
Cash at bank and in hand
33,427
31,884
36,768
49,612
Creditors: amounts falling due within one year
6
(28,738)
(28,460)
Net current assets
8,030
21,152
Net assets
17,090
33,232
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,990
33,132
Shareholders' funds
17,090
33,232
For the year ending 30 September 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 26 May 2026 and were signed on its behalf by
Larry Eliemenye Director Company Registration No. 13608054
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VENNLABS LIMITED Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
VENNLABS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13608054. The registered office is 60 Mill Mead Business Centre, Mill Mead Road, London, N17 9QU, 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:
Motor vehicles
5 Years Straight line
Computer equipment
5 Years Straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2024
10,000
5,100
15,100
At 30 September 2025
10,000
5,100
15,100
Depreciation
At 1 October 2024
2,000
1,020
3,020
Charge for the year
2,000
1,020
3,020
At 30 September 2025
4,000
2,040
6,040
Net book value
At 30 September 2025
6,000
3,060
9,060
At 30 September 2024
8,000
4,080
12,080
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VENNLABS LIMITED Notes to the Accounts for the year ended 30 September 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,341
2,588
Amounts due from group undertakings etc.
-
15,140
3,341
17,728
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,250
28,250
Other creditors
-
210
Loans from directors
488
-
28,738
28,460
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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