Ventinove Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06686532 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Ventinove Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P E Barker

REGISTERED OFFICE:

37 Pasture Terrace

Beverley

East Yorkshire

HU17 8DR

REGISTERED NUMBER:

06686532 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

FIXED ASSETS

Tangible assets

3

3,899

5,021

CURRENT ASSETS

Stocks

4

300

450

Cash at bank

2,216

1,957

2,516

2,407

CREDITORS

Amounts falling due within one year

5

(38,963

)

(37,953

)

NET CURRENT LIABILITIES

(36,447

)

(35,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,548

)

(30,525

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(32,648

)

(30,625

)

SHAREHOLDERS' FUNDS

(32,548

)

(30,525

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 June 2018 and were signed by:

P E Barker - Director

1.	STATUTORY INFORMATION

Ventinove 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

25% pa on written down value

Fixtures and fittings

-

15% pa on written down value

Computer equipment

-

33% pa on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2016

and 30 September 2017

26,109

4,872

1,876

32,857

DEPRECIATION

At 1 October 2016

22,504

3,468

1,864

27,836

Charge for year

902

211

9

1,122

At 30 September 2017

23,406

3,679

1,873

28,958

NET BOOK VALUE

At 30 September 2017

2,703

1,193

3

3,899

At 30 September 2016

3,605

1,404

12

5,021

4.

STOCKS

2017

2016

£

£

Stocks

300

450

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

796

Directors' current accounts

38,528

36,377

Accrued expenses

435

780

38,963

37,953

6.	ULTIMATE CONTROLLING PARTY

Mr P E Barker is in ultimate control of the company