Company Registration No. 05290669 (England and Wales)
VBO Construction Ltd
Unaudited accounts
for the year ended 30 November 2024
VBO Construction Ltd
Unaudited accounts
Contents
VBO Construction Ltd
Company Information
for the year ended 30 November 2024
Company Number
05290669 (England and Wales)
Registered Office
V B O Construction Ltd
2c Valley Line Industrial Park
Wedmore Road
Cheddar
Somerset
BS27 3EE
England
VBO Construction Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
14,222
18,961
Cash at bank and in hand
138
-
Creditors: amounts falling due within one year
(90,779)
(114,848)
Net current liabilities
(70,826)
(29,750)
Total assets less current liabilities
(56,604)
(10,789)
Creditors: amounts falling due after more than one year
(6,353)
(15,833)
Provisions for liabilities
Other provisions
-
(2,245)
Net liabilities
(62,957)
(28,867)
Called up share capital
100
100
Profit and loss account
(63,057)
(28,967)
Shareholders' funds
(62,957)
(28,867)
For the year ending 30 November 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 his 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 27 November 2025 and were signed on its behalf by
Vincent O Neill
Director
Company Registration No. 05290669
VBO Construction Ltd
Notes to the Accounts
for the year ended 30 November 2024
VBO Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 05290669. The registered office is V B O Construction Ltd, 2c Valley Line Industrial Park, Wedmore Road, Cheddar, Somerset, BS27 3EE, England.
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 year, 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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
43,978
82,971
10,761
137,710
At 30 November 2024
43,978
82,971
10,761
137,710
At 1 December 2023
35,100
75,258
8,391
118,749
Charge for the year
2,219
1,928
592
4,739
At 30 November 2024
37,319
77,186
8,983
123,488
At 30 November 2024
6,659
5,785
1,778
14,222
At 30 November 2023
8,878
7,713
2,370
18,961
VBO Construction Ltd
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
2,896
72,250
Other debtors
12,848
12,848
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
27,186
Taxes and social security
-
1,960
Other creditors
80,779
84,951
7
Creditors: amounts falling due after more than one year
2024
2023
8
Post balance sheet events
Shortly after the balance sheet date the company suffered a significant loss due to a bad debt. This rendered the trading position as impossible and has resulted in the company not being able to trade due to the elimination of the working capital of the business.
The Director has been considering the position of the Company and has decided to cease to trade due to this bad debt.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).