Company Registration No. 11748230 (England and Wales)
VENBETA LIMITED
Financial Statements
for the year ended 31 December 2020
VENBETA LIMITED
Financial Statements
Contents
VENBETA LIMITED
Company Information
for the year ended 31 December 2020
Director
Mr Chidiebere Sony Bekee
Company Number
11748230 (England and Wales)
Registered Office
Suite/Office 4 Elmatic Energy
Wentloog Road, Rumney
Cardiff
CF3 2ED
United Kingdom
VENBETA LIMITED
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
35,652
Creditors: amounts falling due within one year
(12,343)
Total assets less current liabilities
129,416
Creditors: amounts falling due after more than one year
(67,046)
Called up share capital
100
Profit and loss account
62,270
Shareholders' funds
62,370
For the year ending 31 December 2020 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 10 March 2021 and were signed on its behalf by
Mr Chidiebere Sony Bekee
Director
Company Registration No. 11748230
VENBETA LIMITED
Notes to the Accounts
for the year ended 31 December 2020
VENBETA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11748230. The registered office is Suite/Office 4 Elmatic Energy, Wentloog Road, Rumney, Cardiff, CF3 2ED, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2020
17,500
At 31 December 2020
17,500
VENBETA LIMITED
Notes to the Accounts
for the year ended 31 December 2020
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2020
-
35,500
35,500
At 31 December 2020
8,200
36,174
44,374
Charge for the year
-
7,235
7,235
At 31 December 2020
-
7,235
7,235
At 31 December 2020
8,200
28,939
37,139
7
Creditors: amounts falling due within one year
2020
8
Creditors: amounts falling due after more than one year
2020
9
Average number of employees
During the year the average number of employees was 5.
