The Venture House Group Limited - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: 11936438 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

THE VENTURE HOUSE GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Harvey

D P Delves

REGISTERED OFFICE:

First Floor Spa Court

Spa Lane

Harrogate

North Yorkshire

HG2 7JF

REGISTERED NUMBER:

11936438 (England and Wales)

ACCOUNTANTS:

GPG Accounting Services Ltd

5 Granville Court

Off Granville Mount

Otley

West Yorkshire

LS21 3PB

FIXED ASSETS

Tangible assets

4

46,739

40,981

CURRENT ASSETS

Debtors

5

4,338

6,149

Cash at bank and in hand

33,166

40,377

37,504

46,526

CREDITORS

Amounts falling due within one year

6

22,218

29,099

NET CURRENT ASSETS

15,286

17,427

TOTAL ASSETS LESS CURRENT LIABILITIES

62,025

58,408

CREDITORS

Amounts falling due after more than one year

7

11,115

16,042

NET ASSETS

50,910

42,366

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,810

42,266

SHAREHOLDERS' FUNDS

50,910

42,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 13 December 2023 and were signed on its behalf by:

T J Harvey - Director

D P Delves - Director

1.	STATUTORY INFORMATION

The Venture House Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

58,712

Additions

22,078

At 30 April 2023

80,790

DEPRECIATION

At 1 May 2022

17,731

Charge for year

16,320

At 30 April 2023

34,051

NET BOOK VALUE

At 30 April 2023

46,739

At 30 April 2022

40,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

222

1,533

Other debtors

4,116

4,616

4,338

6,149

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

7,189

13,963

Taxation and social security

14,572

12,249

Other creditors

457

2,887

22,218

29,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

7,600

10,000

Other creditors

3,515

6,042

11,115

16,042