IRIS Accounts Production v23.3.0.418 02227979 Board of Directors 1.4.22 31.3.23 31.3.23 8/8/2023 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure022279792022-03-31022279792023-03-31022279792022-04-012023-03-31022279792021-03-31022279792021-04-012022-03-31022279792022-03-3102227979ns16:EnglandWales2022-04-012023-03-3102227979ns15:PoundSterling2022-04-012023-03-3102227979ns11:Director12022-04-012023-03-3102227979ns11:CompanyLimitedByGuarantee2022-04-012023-03-3102227979ns11:SmallEntities2022-04-012023-03-3102227979ns11:Audited2022-04-012023-03-3102227979ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102227979ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3102227979ns11:FullAccounts2022-04-012023-03-3102227979ns11:Director22022-04-012023-03-3102227979ns11:Director42022-04-012023-03-3102227979ns11:Director52022-04-012023-03-3102227979ns11:RegisteredOffice2022-04-012023-03-3102227979ns6:CurrentFinancialInstruments2023-03-3102227979ns6:CurrentFinancialInstruments2022-03-3102227979ns6:RevaluationReserve2023-03-3102227979ns6:RevaluationReserve2022-03-3102227979ns6:RetainedEarningsAccumulatedLosses2023-03-3102227979ns6:RetainedEarningsAccumulatedLosses2022-03-3102227979ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-04-012023-03-3102227979ns6:FurnitureFittings2022-04-012023-03-3102227979ns6:ComputerEquipment2022-04-012023-03-3102227979ns6:LandBuildings2022-03-3102227979ns6:FurnitureFittings2022-03-3102227979ns6:ComputerEquipment2022-03-3102227979ns6:LandBuildings2022-04-012023-03-3102227979ns6:LandBuildings2023-03-3102227979ns6:FurnitureFittings2023-03-3102227979ns6:ComputerEquipment2023-03-3102227979ns6:LandBuildings2022-03-3102227979ns6:FurnitureFittings2022-03-3102227979ns6:ComputerEquipment2022-03-3102227979ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3102227979ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3102227979ns6:RevaluationReserve2022-03-31
REGISTERED NUMBER: 02227979 (England and Wales)












Financial Statements

for the Year Ended 31st March 2023

for

ASSOCIATED VENDING SERVICES LIMITED

ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Contents of the Financial Statements
for the year ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSOCIATED VENDING SERVICES LIMITED

Company Information
for the year ended 31st March 2023







DIRECTORS: Ms J C Macdonald
E C Morton
I R Baker
C A Holt





REGISTERED OFFICE: 12 Amber Business Village
Amber Close
Amington
Tamworth
Staffordshire
B77 4RP





REGISTERED NUMBER: 02227979 (England and Wales)





AUDITORS: Attenboroughs (Accountants) Limited
Statutory Auditor
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,546 130,492

CURRENT ASSETS
Debtors 5 393,576 141,147
Cash at bank and in hand 282,483 291,787
676,059 432,934
CREDITORS
Amounts falling due within one year 6 576,416 341,666
NET CURRENT ASSETS 99,643 91,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,189

221,760

PROVISIONS FOR LIABILITIES 1,481 895
NET ASSETS 229,708 220,865

RESERVES
Revaluation reserve 7 49,983 49,983
Income and expenditure account 179,725 170,882
229,708 220,865

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 Board of Directors and authorised for issue on 8th August 2023 and were signed on its behalf by:





C A Holt - Director


ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Notes to the Financial Statements
for the year ended 31st March 2023


1. STATUTORY INFORMATION

Associated Vending Services Limited is a private company, limited by guarantee , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2022 140,000 43,433 15,386 198,819
Additions - - 5,997 5,997
At 31st March 2023 140,000 43,433 21,383 204,816
DEPRECIATION
At 1st April 2022 14,219 40,382 13,726 68,327
Charge for year 2,031 1,078 1,834 4,943
At 31st March 2023 16,250 41,460 15,560 73,270
NET BOOK VALUE
At 31st March 2023 123,750 1,973 5,823 131,546
At 31st March 2022 125,781 3,051 1,660 130,492

Included in cost or valuation of land and buildings is freehold land of £ 75,000 (2022 - £ 75,000 ) which is not depreciated.

Cost or valuation at 31st March 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2005 85,221 - - 85,221
Valuation in 2012 (40,000 ) - - (40,000 )
Valuation in 2018 15,000 - - 15,000
Cost 79,779 43,433 21,383 144,595
140,000 43,433 21,383 204,816

ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


4. TANGIBLE FIXED ASSETS - continued

If the land and buildings had not been revalued they would have been included at the following historical cost:

31/3/23 31/3/22
£    £   
Cost 79,779 79,779
Aggregate depreciation 2,103 2,103

Value of land in freehold land and buildings 77,676 77,676

Land and buildings were valued on an open market basis on 13th April 2017 by PBG Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Service charges due 348,412 88,822
Other debtors 38,393 45,601
Prepayments 6,771 6,724
393,576 141,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 11,990 63,174
Tax 76 2
Social security and other taxes 3,907 4,704
VAT 149,333 53,107
Other creditors 373,690 172,079
Accrued expenses 37,420 48,600
576,416 341,666

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 49,983

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr David Roger Pattman FCCA (Senior Statutory Auditor)
for and on behalf of Attenboroughs (Accountants) Limited

ASSOCIATED VENDING SERVICES LIMITED (REGISTERED NUMBER: 02227979)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. LIMITED BY GUARANTEE

The company is limited by guarantee, not having a share capital and consequently the liability of members
is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the
company on winding up such amounts as may be required not exceeding £1.