Vendz Limited 03599414 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the provision of vending machines and related services. Digita Accounts Production Advanced 6.30.9574.0 true 03599414 2022-08-01 2023-07-31 03599414 2023-07-31 03599414 bus:OrdinaryShareClass1 2023-07-31 03599414 core:RetainedEarningsAccumulatedLosses 2023-07-31 03599414 core:ShareCapital 2023-07-31 03599414 core:CurrentFinancialInstruments 2023-07-31 03599414 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03599414 core:OtherPropertyPlantEquipment 2023-07-31 03599414 bus:SmallEntities 2022-08-01 2023-07-31 03599414 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03599414 bus:FullAccounts 2022-08-01 2023-07-31 03599414 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03599414 bus:RegisteredOffice 2022-08-01 2023-07-31 03599414 bus:Director2 2022-08-01 2023-07-31 03599414 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 03599414 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03599414 core:PlantMachinery 2022-08-01 2023-07-31 03599414 countries:EnglandWales 2022-08-01 2023-07-31 03599414 core:OtherPropertyPlantEquipment 2022-07-31 03599414 2021-08-01 2022-07-31 03599414 2022-07-31 03599414 bus:OrdinaryShareClass1 2022-07-31 03599414 core:RetainedEarningsAccumulatedLosses 2022-07-31 03599414 core:ShareCapital 2022-07-31 03599414 core:CurrentFinancialInstruments 2022-07-31 03599414 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 03599414 core:OtherPropertyPlantEquipment 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Vendz Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 July 2023

Registration number: 03599414

 

Vendz Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Vendz Limited

Balance Sheet

31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

3,998

6,163

Cash at bank and in hand

 

13,165

13,207

 

17,163

19,370

Creditors: Amounts falling due within one year

6

(1,015)

(1,884)

Net assets

 

16,148

17,486

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

16,048

17,386

Shareholders' funds

 

16,148

17,486

 

Vendz Limited

Balance Sheet

31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

.........................................
D Klinkenberg
Director

 

Vendz Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
TORQUAY
Devon
TQ2 7FF

The principal place of business is:
Units 14 & 15
Alders Way
Yalberton Industrial Estate
Paignton
Devon
TQ4 7QL

These financial statements were authorised for issue by the Board on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that, as disclosed in the accounting policies, certain items are shown at fair value.

The functional and presentational currency is pounds sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the supply of vending ingredients, and the supply and rental of vending machines, in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when it can be reliably measured and it is probable that future economic benefits will flow to the entity.

 

Vendz Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2023

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

50% straight line

 

Vendz Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Plant and equipment
 £

Cost or valuation

At 1 August 2022

14,090

At 31 July 2023

14,090

Depreciation

At 1 August 2022

14,090

At 31 July 2023

14,090

Carrying amount

At 31 July 2023

-

At 31 July 2022

-

 

Vendz Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2023

5

Debtors

2023
£

2022
£

Trade debtors

3,684

6,163

Other debtors

314

-

3,998

6,163

6

Creditors

Creditors: amounts falling due within one year

2023
 £

2022
 £

Due within one year

Social security and other taxes

215

436

Accrued expenses

800

800

Corporation tax

-

648

1,015

1,884

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100