Coles Vending Limited - Accounts to registrar (filleted) - small 18.2

Coles Vending Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC240738 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

COLES VENDING LIMITED

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLES VENDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTOR: H Coles





SECRETARY: Mrs G I Coles





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC240738 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

BALANCE SHEET
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,800 12,449

CURRENT ASSETS
Stocks 5,336 6,325
Debtors 5 2,445 2,373
Cash at bank and in hand 23,285 16,867
31,066 25,565
CREDITORS
Amounts falling due within one year 6 13,675 12,550
NET CURRENT ASSETS 17,391 13,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,191

25,464

PROVISIONS FOR LIABILITIES 1,672 2,365
NET ASSETS 24,519 23,099

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,518 23,098
SHAREHOLDERS' FUNDS 24,519 23,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2022 and were signed by:



H Coles - Director


COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Coles Vending Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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 year was 1 (2021 - 1 ) .

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2021 52,352 8,831 61,183
Additions 619 - 619
Disposals (4,502 ) - (4,502 )
At 31 March 2022 48,469 8,831 57,300
DEPRECIATION
At 1 April 2021 41,474 7,260 48,734
Charge for year 2,540 393 2,933
Eliminated on disposal (3,167 ) - (3,167 )
At 31 March 2022 40,847 7,653 48,500
NET BOOK VALUE
At 31 March 2022 7,622 1,178 8,800
At 31 March 2021 10,878 1,571 12,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 2,375 -
Other debtors 70 829
Tax - 1,544
2,445 2,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 3,764 2,573
Tax 1,378 -
Social security and other taxes 575 350
VAT 4,404 3,751
Directors' current accounts 2,110 4,782
Accrued expenses 1,444 1,094
13,675 12,550

7. RELATED PARTY DISCLOSURES

The director of the company was owed £2,110 (2021-£4,782) at the year end. The maximum amount outstanding during the year was £5,295 owed to director by the company.