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 2021

FOR

COLES VENDING LIMITED

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLES VENDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2021







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 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,449 16,236

CURRENT ASSETS
Stocks 6,325 6,361
Debtors 5 2,373 736
Cash at bank and in hand 16,867 23,973
25,565 31,070
CREDITORS
Amounts falling due within one year 6 12,550 11,476
NET CURRENT ASSETS 13,015 19,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,464

35,830

PROVISIONS FOR LIABILITIES 2,365 3,085
NET ASSETS 23,099 32,745

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,098 32,744
SHAREHOLDERS' FUNDS 23,099 32,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

BALANCE SHEET - continued
31 March 2021


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 20 October 2021 and were signed by:





H Coles - Director


COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2021

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 (2020 - 1 ) .

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2021

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2020 52,333 8,831 61,164
Additions 553 - 553
Disposals (534 ) - (534 )
At 31 March 2021 52,352 8,831 61,183
DEPRECIATION
At 1 April 2020 38,192 6,736 44,928
Charge for year 3,626 524 4,150
Eliminated on disposal (344 ) - (344 )
At 31 March 2021 41,474 7,260 48,734
NET BOOK VALUE
At 31 March 2021 10,878 1,571 12,449
At 31 March 2020 14,141 2,095 16,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors - 666
Other debtors 829 70
Tax 1,544 -
2,373 736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 2,573 2,185
Tax - 4,055
Social security and other taxes 350 -
VAT 3,751 3,880
Directors' current accounts 4,782 55
Accrued expenses 1,094 1,301
12,550 11,476

7. RELATED PARTY DISCLOSURES

The director of the company was owed £4,782 (2020-£55) at the year end. The maximum amount outstanding during the year was £4,782 owed to director by the company.