Venture Sourcing Limited - Period Ending 2020-05-31

Venture Sourcing Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Venture Sourcing Limited

Company Information

Director

Miss Laura Davison

Registered office

3- 4 Cranmere Court , Lustleigh Close Matford Business Park Exeter EX2 8PW

Accountants

Peplows Limited 1st Floor, 3 & 4 Cranmere Court Lustleigh Close Matford Business Park Exeter Devon EX2 8PW

Venture Sourcing Limited

(Registration number: 12008122)
Balance Sheet as at 31 May 2020

	Note	31 May 2020  £
Current assets
Debtors	4	100
Cash at bank and in hand		52
		152
Creditors: Amounts falling due within one year	5	(1,963)
Net liabilities		(1,811)
Capital and reserves
Called up share capital		100
Profit and loss account		(1,911)
Total equity		(1,811)

Venture Sourcing Limited

(Registration number: 12008122)
Balance Sheet as at 31 May 2020

For the financial period ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and loss account has been taken.

Approved and authorised for issue by the director on 25 November 2020
 

.........................................

Miss Laura Davison
Director

Venture Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 21 May 2019 to 31 May 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3- 4 Cranmere Court , Lustleigh Close
Matford Business Park
Exeter
EX2 8PW

These financial statements were authorised for issue by the director on 25 November 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling and rounded to the nearest full £.

Going concern

The financial statements have been prepared on a going concern basis as the company continues to have the support of it's director.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Venture Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 21 May 2019 to 31 May 2020

4

Debtors

	2020 £
Other debtors	100
	100

5

Creditors

Creditors: amounts falling due within one year

	Note	2020 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	1,350
Accruals and deferred income		613
		1,963

6	Share capital

Allotted, called up and fully paid shares

	2020
	No.	£
Ordinary shares of £1 each	100	100

Venture Sourcing Limited

Notes to the Unaudited Financial Statements for the Period from 21 May 2019 to 31 May 2020

7	Related party transactions

Summary of transactions with entities with joint control or significant interest

A company under common control
 
During the year the company loaned money from a company under common control. At the balance sheet date the amount due from the company was £1350.
 
No interest has been charged and there is no set date for repayment.