Vent Records Limited Accounts

VENT RECORDS LIMITED - Company Information






Vent Records Limited

	Company No. 09896408
		Information for Filing with The Registrar
		31 December 2020

The Director presents his report and the accounts for the year ended 31 December 2020.

Principal activities
The principal activity of the company during the year under review was media representation services.




Director

The Director who served at any time during the year was as follows:

Mohamed El-Shourbagi





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Mohamed El-Shourbagi
Director
30 September 2021

at	31 December 2020
Company No.		09896408	Notes	2020	2019
				£	£
Fixed assets

	Tangible assets		4	369	554


				369	554
Current assets

	Debtors		5	14,231	14,231

	Cash at bank and in hand			-	35
				14,231	14,266
Creditors: Amount falling due within one year			6	(25,458)	(14,100)
Net current (liabilities)/assets				(11,227)	166
Total assets less current liabilities				(10,858)	720




Net (liabilities)/assets				(10,858)	720

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	(10,958)	620

Total equity				(10,858)	720



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 September 2021
And signed on its behalf by:
Mohamed El-Shourbagi
Director
30 September 2021

for the year ended 31 December 2020

General information

Its registered number is: 09896408

Its registered office is:

20 London Terrace Hackney Ro

Bethnal Green

London

Greater London

E2 7SQ

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2020	2019
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2020	923	923




		At 31 December 2020	923	923
		Depreciation
		At 1 January 2020	369	369
		Charge for the year	185	185



		At 31 December 2020	554	554
		Net book values
		At 31 December 2020	369	369
		At 31 December 2019	554	554

5	Debtors
			2020	2019
			£	£






		Other debtors	14,231	14,231

			14,231	14,231

6	Creditors:
		amounts falling due within one year
			2020	2019
			£	£

		Bank loans and overdrafts	100	-
		Other loans	13,850	-



		Corporation tax	7,204	7,620
		Other taxes and social security	5,861	5,861
		Loans from directors	(3,750)	-
		Other creditors	1,581	7
		Accruals and deferred income	612	612
			25,458	14,100

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2020	2019
			£	£
		Dividends for the period:
		Dividends paid in the period	-	15,000

			-	15,000

		Dividends by type:

		Equity dividends	-	15,000
			-	15,000