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REGISTERED NUMBER: 07581125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2023 TO 31 MARCH 2024

FOR

VENDSNAX LIMITED

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 29 March 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENDSNAX LIMITED

COMPANY INFORMATION
For The Period 29 March 2023 to 31 March 2024







DIRECTOR: J R Scarborough





REGISTERED OFFICE: Fairview
192 Park Road
Peterborough
Cambridgeshire
PE1 2UF





REGISTERED NUMBER: 07581125 (England and Wales)





ACCOUNTANTS: Vertiqo Peterborough Limited
18 Tesla Court
Innovation Way
Lynchwood
Peterborough
Cambridgeshire
PE2 6FL

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,091 12,191
Tangible assets 5 135,637 62,491
145,728 74,682

CURRENT ASSETS
Stocks 50,816 90,894
Debtors 6 327,062 349,523
Cash at bank and in hand 566 60,316
378,444 500,733
CREDITORS
Amounts falling due within one year 7 303,559 396,351
NET CURRENT ASSETS 74,885 104,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,613

179,064

CREDITORS
Amounts falling due after more than
one year

8

(228,045

)

(216,808

)

PROVISIONS FOR LIABILITIES (2,230 ) (3,703 )
NET LIABILITIES (9,662 ) (41,447 )

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,663 ) (41,448 )
SHAREHOLDERS' FUNDS (9,662 ) (41,447 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 26 December 2024 and were signed by:





J R Scarborough - Director


VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 29 March 2023 to 31 March 2024


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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


VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 29 March 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 7 ) .

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 29 March 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 29 March 2023
and 31 March 2024 25,000 21,000 46,000
AMORTISATION
At 29 March 2023 25,000 8,809 33,809
Charge for period - 2,100 2,100
At 31 March 2024 25,000 10,909 35,909
NET BOOK VALUE
At 31 March 2024 - 10,091 10,091
At 28 March 2023 - 12,191 12,191

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 March 2023 126,717
Additions 110,592
At 31 March 2024 237,309
DEPRECIATION
At 29 March 2023 64,226
Charge for period 37,446
At 31 March 2024 101,672
NET BOOK VALUE
At 31 March 2024 135,637
At 28 March 2023 62,491

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 29 March 2023 to 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 29 March 2023 41,999
Additions 89,583
At 31 March 2024 131,582
DEPRECIATION
At 29 March 2023 8,750
Charge for period 28,842
At 31 March 2024 37,592
NET BOOK VALUE
At 31 March 2024 93,990
At 28 March 2023 33,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,785 109,966
Amounts owed by group undertakings 180,449 165,813
Other debtors 68,828 73,744
327,062 349,523

VENDSNAX LIMITED (REGISTERED NUMBER: 07581125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 29 March 2023 to 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,107 48,260
Hire purchase contracts 18,615 7,562
Payments on account - 11,084
Trade creditors 144,869 260,922
Amounts owed to group undertakings 11,225 11,225
Taxation and social security 26,379 7,676
Other creditors 34,364 49,622
303,559 396,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 127,663 186,529
Hire purchase contracts 100,382 30,279
228,045 216,808

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 28 March 2023:

2024 2023
£    £   
J R Scarborough
Balance outstanding at start of period 22,431 20,567
Amounts advanced 65,000 39,500
Amounts repaid (60,127 ) (37,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 27,304 22,431

The above loans are unsecured and repayable upon demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J R Scarborough.