REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31st March 2023 |
for |
ASSOCIATED VENDING SERVICES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
RESERVES |
Revaluation reserve | 7 |
Income and expenditure account |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Fixtures and fittings | - |
Computer equipment | - |
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. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1st April 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
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 |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT |
Other creditors |
Accrued expenses |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1st April 2022 |
and 31st March 2023 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |