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 2018

FOR

COLES VENDING LIMITED

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLES VENDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,366 16,249

CURRENT ASSETS
Stocks 7,139 8,092
Debtors 5 2,070 2,070
Cash at bank and in hand 30,365 23,534
39,574 33,696
CREDITORS
Amounts falling due within one year 6 13,284 11,791
NET CURRENT ASSETS 26,290 21,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,656

38,154

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 40,655 38,153
SHAREHOLDERS' FUNDS 40,656 38,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 August 2018 and were signed by:





H Coles - Director


COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2017 - 1 ) .

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2017 39,639 8,831 48,470
Additions 2,976 - 2,976
Disposals (636 ) - (636 )
At 31 March 2018 41,979 8,831 50,810
DEPRECIATION
At 1 April 2017 28,357 3,864 32,221
Charge for year 3,546 1,242 4,788
Eliminated on disposal (565 ) - (565 )
At 31 March 2018 31,338 5,106 36,444
NET BOOK VALUE
At 31 March 2018 10,641 3,725 14,366
At 31 March 2017 11,282 4,967 16,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 2,000 2,000
Other debtors 70 70
2,070 2,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors - 215
Tax 3,492 3,441
Social security and other taxes 1,344 1,452
VAT 4,768 3,118
Other creditors 257 -
Directors' current accounts 181 46
Accrued expenses 3,242 3,519
13,284 11,791

7. RELATED PARTY DISCLOSURES

The director of the company was owed £181 (2017-£46) at the year end. The maximum amount outstanding
during the year was £181.

The company also owed £257 to a company under the control of a related party. This was the maximum amount
outstanding during the year.