G Venn Builders Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13641277 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2023

for

G Venn Builders Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Venn

Mrs L Venn

REGISTERED OFFICE:

9 Corfe Close

Alresford

Hampshire

SO24 9PH

REGISTERED NUMBER:

13641277 (England and Wales)

ACCOUNTANTS:

Behegan Lynes

Accountancy & Taxation Advisers

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

FIXED ASSETS

Tangible assets

4

9,271

12,175

CURRENT ASSETS

Debtors

5

3,162

1,270

Cash at bank

33,657

62,245

36,819

63,515

CREDITORS

Amounts falling due within one year

6

20,829

56,842

NET CURRENT ASSETS

15,990

6,673

TOTAL ASSETS LESS CURRENT LIABILITIES

25,261

18,848

PROVISIONS FOR LIABILITIES

7

1,314

1,768

NET ASSETS

23,947

17,080

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

23,847

16,980

SHAREHOLDERS' FUNDS

23,947

17,080

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 March 2024 and were signed on its behalf by:

G Venn - Director

Mrs L Venn - Director

1.	STATUTORY INFORMATION

G Venn Builders Ltd 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 & machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

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.

Employee benefits

Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2022

and 30 September 2023

3,500

12,500

16,000

DEPRECIATION

At 1 October 2022

700

3,125

3,825

Charge for year

560

2,344

2,904

At 30 September 2023

1,260

5,469

6,729

NET BOOK VALUE

At 30 September 2023

2,240

7,031

9,271

At 30 September 2022

2,800

9,375

12,175

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

2,634

751

Other debtors

528

519

3,162

1,270

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

147

1,513

Taxation and social security

6,012

13,311

Other creditors

14,670

42,018

20,829

56,842

7.	PROVISIONS FOR LIABILITIES

30.9.23

30.9.22

£

£

Deferred tax

1,314

1,768

Deferred

tax

£

Balance at 1 October 2022

1,768

Adjustment in respect of

accelerated capital allowances

(454

)

Balance at 30 September 2023

1,314

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

£

£

100

Ordinary

1

100

100