Company registration number 00509149 (England and Wales)
VENDAIR (LONDON) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
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: 00509149)
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
98,106
98,384
Current assets
Stocks
1
1
Debtors
4
895
3,416
Cash at bank and in hand
71,597
62,891
72,493
66,308
Creditors: amounts falling due within one year
5
(2,973)
(2,390)
Net current assets
69,520
63,918
Net assets
167,626
162,302
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
166,626
161,302
Total equity
167,626
162,302
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 2023 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.
The 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 19 July 2023
Mr James Longmoor
Director
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 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 amounts 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
Computers
25% Straight line
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
Taxation
The tax expense represents the sum of the tax currently payable.
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
1
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Computers
Total
£
£
£
£
Cost
At 1 June 2022
159,100
54,229
213,329
Additions
2,434
2,434
At 31 May 2023
159,100
54,229
2,434
215,763
Depreciation and impairment
At 1 June 2022
68,925
46,020
114,945
Depreciation charged in the year
1,804
851
57
2,712
At 31 May 2023
70,729
46,871
57
117,657
Carrying amount
At 31 May 2023
88,371
7,358
2,377
98,106
At 31 May 2022
90,175
8,209
98,384
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
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
346
2,744
Other debtors
549
672
895
3,416
VENDAIR (LONDON) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
1,804
1,573
Other creditors
1,169
817
2,973
2,390
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
1,000
1,000
1,000
1,000