Company Registration No. 4836652 (England and Wales)
Watford Vending Limited
Unaudited accounts
for the period from 1 May 2023 to 31 October 2024
Watford Vending Limited
Unaudited accounts
Contents
Watford Vending Limited
Company Information
for the period from 1 May 2023 to 31 October 2024
Company Number
4836652 (England and Wales)
Registered Office
84 HILLCROFT CRESCENT
WATFORD
HERTS
WD19 4NY
Watford Vending Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
1,500
632
Creditors: amounts falling due within one year
(7,263)
(14,000)
Net current assets/(liabilities)
22
(10,979)
Total assets less current liabilities
22
(8,767)
Provisions for liabilities
Net assets/(liabilities)
22
(9,187)
Called up share capital
4
4
Profit and loss account
18
(9,191)
Shareholders' funds
22
(9,187)
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 February 2025 and were signed on its behalf by
Mrs B A Sears
Director
Company Registration No. 4836652
Watford Vending Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 October 2024
Watford Vending Limited is a private company, limited by shares, registered in England and Wales, registration number 4836652. The registered office is 84 HILLCROFT CRESCENT, WATFORD, HERTS, WD19 4NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
The director has confirmed that she will continue to support the company financially until such time as the business performance improves once more workers return to their offices. Alternatively a managed rundown of the business will take place.
Watford Vending Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
32,155
12,630
44,785
Disposals
(32,155)
(12,630)
(44,785)
At 1 May 2023
30,516
12,057
42,573
On disposals
(30,516)
(12,057)
(42,573)
At 30 April 2023
1,639
573
2,212
Amounts falling due within one year
Accrued income and prepayments
5,785
108
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,156
-
Loans from directors
1,250
13,250
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).