VENTURE_MANUFACTURING_LTD - Accounts

VENTURE MANUFACTURING LTD - Company Information

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Company Registration No. 09844316 (England and Wales)

VENTURE MANUFACTURING LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

VENTURE MANUFACTURING LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

VENTURE MANUFACTURING LTD

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VENTURE MANUFACTURING LTD FOR THE PERIOD ENDED 31 DECEMBER 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Venture Manufacturing Ltd for the period ended 31 December 2016 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Venture Manufacturing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Venture Manufacturing Ltd and state those matters that we have agreed to state to the Board of Directors of Venture Manufacturing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Venture Manufacturing Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Venture Manufacturing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Venture Manufacturing Ltd. You consider that Venture Manufacturing Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Venture Manufacturing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

20 June 2017

Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

VENTURE MANUFACTURING LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2016

- 2 -

2016

Notes

Fixed assets

Tangible assets

17,633

Current assets

Stocks

33,278

Debtors

28,243

Cash at bank and in hand

51,027

112,548

Creditors: amounts falling due within one year

(82,178)

Net current assets

30,370

Total assets less current liabilities

48,003

Capital and reserves

Called up share capital

100

Profit and loss account

47,903

Shareholders' funds

48,003

For the financial period ended 31 December 2016 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 financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 June 2017

Mr D Steeden

Director

Company Registration No. 09844316

VENTURE MANUFACTURING LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and fittings

20% reducing balance

33% straight line

15% reducing balance

Fixed assets

Tangible assets

Cost

At 27 October 2015

Additions

21,691

At 31 December 2016

21,691

Depreciation

At 27 October 2015

Charge for the period

4,058

At 31 December 2016

4,058

Net book value

At 31 December 2016

17,633

Share capital

2016

Allotted, called up and fully paid

100 Ordinary A of £1 each

100