Western Venture Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03274518

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,881		33,627

			30,881		33,627
CURRENT ASSETS
Stocks	5	4,000		2,200
Debtors	6	60,288		55,810
Cash at bank and in hand		63,102		74,935

		127,390		132,945
Creditors: Amounts Falling Due Within One Year	7	(97,105 )		(82,919 )

NET CURRENT ASSETS (LIABILITIES)			30,285		50,026

TOTAL ASSETS LESS CURRENT LIABILITIES			61,166		83,653

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,068 )		(1,651 )

NET ASSETS			59,098		82,002

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			59,096		82,000

SHAREHOLDERS' FUNDS			59,098		82,002

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Western Venture Group Limited

Balance Sheet (continued)

As At 31 August 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Harris

Director

28 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Western Venture Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03274518 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX. The principle place of business is Highfield, Stockleigh English, Crediton, Devon, EX17 4DD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Western Venture Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
All Staff:	2	4

	2	4

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 September 2024	19,998	57,535	15,325	92,858
Additions	-	880	-	880

As at 31 August 2025	19,998	58,415	15,325	93,738

Depreciation
As at 1 September 2024	-	45,867	13,364	59,231
Provided during the period	-	3,136	490	3,626

As at 31 August 2025	-	49,003	13,854	62,857

Net Book Value
As at 31 August 2025	19,998	9,412	1,471	30,881

As at 1 September 2024	19,998	11,668	1,961	33,627

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Western Venture Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Stocks

	2025	2024
	£	£
Stock	4,000	2,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	60,101	55,810
Other taxes and social security	187	-

	60,288	55,810

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,000	4,264
Corporation tax	1,301	45
Other taxes and social security	-	293
VAT	16,730	19,608
Other creditors	1,133	2,993
Accruals and deferred income	950	950
Directors' loan accounts	72,991	54,766

	97,105	82,919

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Related Party Transactions

At the year end, 31 August 2023, the company owed the directors £59,911 (2022: £52,780) in respect of loans held with the company. These amounts are interest free and repayable on demand.

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