REGISTERED NUMBER: 03570522 (England and Wales)

VENTHAMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

147,896

201,464

Tangible assets

5

54,271

76,537

Investments

6

100

100

202,267

278,101

Current assets

Stocks

100,728

88,752

Debtors

7

1,670,263

1,671,177

Cash at bank

164,648

409,903

1,935,639

2,169,832

Creditors

Amounts falling due within one year

8

852,187

1,011,168

Net current assets

1,083,452

1,158,664

Total assets less current liabilities

1,285,719

1,436,765

Creditors

Amounts falling due after more than one year

9

286,463

352,203

Net assets

999,256

1,084,562

Capital and reserves

Called up share capital

1,000

1,000

Share premium

149,805

149,805

Retained earnings

848,451

933,757

999,256

1,084,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

S A Rowson - Director

1.	Statutory information

Venthams Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03570522

Registered office:

Millhouse

32-38 East Street

Rochford

Essex

SS4 1DB

2.	Accounting policies

Basis of preparing the financial statements

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Fixtures and fittings

-

20% and 15%

Motor vehicles

-

25%

Computer equipment

-

25%

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3.	Employees and directors

The average number of employees during the year was 59 (2025 - 59 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2025

and 31 January 2026

3,447,443

Amortisation

At 1 February 2025

3,245,979

Charge for year

53,568

At 31 January 2026

3,299,547

Net book value

At 31 January 2026

147,896

At 31 January 2025

201,464

5.	Tangible fixed assets

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 February 2025

40,075

89,605

30,096

140,308

300,084

Additions

-

-

-

4,706

4,706

Disposals

-

-

-

(62,678

)

(62,678

)

At 31 January 2026

40,075

89,605

30,096

82,336

242,112

Depreciation

At 1 February 2025

40,075

83,160

9,406

90,906

223,547

Charge for year

-

2,798

7,524

16,650

26,972

Eliminated on disposal

-

-

-

(62,678

)

(62,678

)

At 31 January 2026

40,075

85,958

16,930

44,878

187,841

Net book value

At 31 January 2026

-

3,647

13,166

37,458

54,271

At 31 January 2025

-

6,445

20,690

49,402

76,537

The net book value of motor vehicles held under finance leases or hire purchase contracts is £13,166 (2024: £20,690).

6.	Fixed asset investments

Other

investments

£

Cost

At 1 February 2025

and 31 January 2026

100

Net book value

At 31 January 2026

100

At 31 January 2025

100

7.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

1,527,446

1,494,715

Other debtors

142,817

176,462

1,670,263

1,671,177

8.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

54,309

49,740

Hire purchase contracts (see note 10)

6,576

6,576

Trade creditors

13,573

57,214

Taxation and social security

540,178

609,499

Other creditors

237,551

288,139

852,187

1,011,168

9.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

4,721

59,492

Hire purchase contracts (see note 10)

4,384

10,960

Other creditors

277,358

281,751

286,463

352,203

10.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

6,576

6,576

Between one and five years

4,384

10,960

10,960

17,536

Non-cancellable

operating leases

2026

2025

£

£

Within one year

120,006

158,309

Between one and five years

34,442

104,912

154,448

263,221

11.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

59,030

109,232

Hire purchase contracts

10,960

17,536

69,990

126,768

The bank loans are secured by debenture over the company's assets. Obligations under finance lease and hire purchase contracts are secured against the specific assets.