General Information
Ventcore Ltd is a private company, limited by shares, registered in England and Wales, registration number 15370677, registration address South House Farm, Mundon Road, Maldon, Essex, CM9 6PP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
| Computer Equipment |
33% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 0).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
- |
|
- |
| Additions |
40,000 |
|
40,000 |
| Disposals |
- |
|
- |
| At 31 December 2025 |
40,000 |
|
40,000 |
| Amortisation |
| At 01 January 2025 |
- |
|
- |
| Charge for year |
4,000 |
|
4,000 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
4,000 |
|
4,000 |
| Net book values |
| At 31 December 2025 |
36,000 |
|
36,000 |
| At 31 December 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
50,154 |
|
1,367 |
|
988 |
|
52,509 |
| Additions |
93,270 |
|
4,716 |
|
1,273 |
|
99,259 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
143,424 |
|
6,083 |
|
2,261 |
|
151,768 |
| Depreciation |
| At 01 January 2025 |
4,071 |
|
227 |
|
230 |
|
4,528 |
| Charge for year |
16,476 |
|
643 |
|
410 |
|
17,529 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
20,547 |
|
870 |
|
640 |
|
22,057 |
| Net book values |
| Closing balance as at 31 December 2025 |
122,877 |
|
5,213 |
|
1,621 |
|
129,711 |
| Opening balance as at 01 January 2025 |
46,083 |
|
1,140 |
|
758 |
|
47,981 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
2,302 |
|
475 |
| Deposits paid |
1,000 |
|
1,000 |
| CIS Control Account |
8,410 |
|
21,025 |
| VAT |
0 |
|
17,187 |
|
11,712 |
|
39,687 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Corporation Tax |
23,661 |
|
6,315 |
| PAYE & Social Security |
2,284 |
|
580 |
| Other Creditors |
3,300 |
|
0 |
| Obligations under HP/Financial Leases |
12,721 |
|
18,173 |
| VAT |
10,674 |
|
0 |
|
52,640 |
|
25,068 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Directors' Loan Accounts |
40,000 |
|
31,595 |
|
40,000 |
|
31,595 |
|
3
|