Company registration number 509149 (England and Wales)
VENDAIR (LONDON) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
PAGES FOR FILING WITH REGISTRAR
VENDAIR (LONDON) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
VENDAIR (LONDON) LTD (REGISTERED NUMBER: 509149)
BALANCE SHEET
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
98,384
101,170
Current assets
Stocks
1
1
Debtors
4
3,416
1,307
Cash at bank and in hand
62,891
60,337
66,308
61,645
Creditors: amounts falling due within one year
5
(2,390)
(2,154)
Net current assets
63,918
59,491
Net assets
162,302
160,661
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
161,302
159,661
Total equity
162,302
160,661
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 4 July 2022
Mr James Longmoor
Director
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
- 2 -
1
Accounting policies
Company information
Vendair (London) Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Biggin Hill Airport, Biggin Hill, Kent, TN16 3YN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 105 'The financial Reporting Standard applicable to the Micro-entities Regime' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% Reducing Balance
Plant and equipment
10% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Stocks
Stocks
are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2022
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation
The tax expense represents the sum of the tax currently payable
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2021 and 31 May 2022
159,100
54,229
213,329
Depreciation and impairment
At 1 June 2021
67,085
45,074
112,159
Depreciation charged in the year
1,840
946
2,786
At 31 May 2022
68,925
46,020
114,945
Carrying amount
At 31 May 2022
90,175
8,209
98,384
At 31 May 2021
92,015
9,155
101,170
Included within the net book value of land and buildings above is £92,015 (2020 - £93,893) in respect of freehold land and buildings.
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
2,744
832
Other debtors
672
475
3,416
1,307
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2022
4
Debtors
(Continued)
- 4 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Taxation and social security
1,573
1,594
Other creditors
817
560
2,390
2,154
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
1,000
1,000
1,000
1,000