Vendors and Buyers Ltd - Filleted accounts

Registered number

11711115

Vendors and Buyers Ltd

Amended Filleted Accounts

31 December 2024

Vendors and Buyers Ltd
Registered number:		11711115
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		3,525			4,212

Current assets
Debtors	4	42,133			38,071
Cash at bank and in hand		-			2,650
		42,133			40,721

Creditors: amounts falling due within one year	5	(161,392)			(15,749)

Net current (liabilities)/assets			(119,259)			24,972

Total assets less current liabilities			(115,734)			29,184

Creditors: amounts falling due after more than one year	6		(6,077)			(148,020)



Net liabilities			(121,811)			(118,836)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(121,911)			(118,936)

Shareholders' funds			(121,811)			(118,836)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Joanne White
Director
Approved by the board on 10 December 2025

Vendors and Buyers Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Vehicles			over 4 years
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					3		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	6,994		972		4,500		12,466
	Additions	490		-		-		490
	At 31 December 2024	7,484		972		4,500		12,956

	Depreciation
	At 1 January 2024	5,090		562		2,602		8,254
	Charge for the year	599		103		475		1,177
	At 31 December 2024	5,689		665		3,077		9,431

	Net book value
	At 31 December 2024	1,795		307		1,423		3,525
	At 31 December 2023	1,904		410		1,898		4,212


4	Debtors					2024		2023
£							£

	Other debtors					42,133		38,071


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					3,648		3,787
	Taxation and social security costs					5,944		4,881
	Other creditors					151,800		7,081
						161,392		15,749


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		143,851
	Other creditors					6,077		4,169
						6,077		148,020


7	Other information

	Vendors and Buyers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1 Fernwood House 45 London Road
	Cowplain
	Waterlooville
	PO8 8DH