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REGISTERED NUMBER: 09038383 (England and Wales)















QUANDO DRINKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2023






QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


QUANDO DRINKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D Rich
I P Screaton





REGISTERED OFFICE: Atkinson Court
Coalpit Road
Denaby Main Industrial Estate
Doncaster
South Yorkshire
DN12 4LH





REGISTERED NUMBER: 09038383 (England and Wales)






QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 207,704 186,243
Investment property 6 216,300 -
424,004 186,243

CURRENT ASSETS
Stocks 229,745 237,126
Debtors 7 413,759 353,327
Cash at bank and in hand 380,082 322,922
1,023,586 913,375
CREDITORS
Amounts falling due within one year 8 825,726 508,150
NET CURRENT ASSETS 197,860 405,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,864

591,468

CREDITORS
Amounts falling due after more than one
year

9

(79,036

)

(135,516

)

PROVISIONS FOR LIABILITIES (51,926 ) (46,487 )
NET ASSETS 490,902 409,465

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 490,899 409,462
SHAREHOLDERS' FUNDS 490,902 409,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 17 October 2023 and were signed on its behalf by:




D Rich - Director



I P Screaton - Director


QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Quando Drinks Limited is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance
Fixtures and fittings - 20 % on reducing balance
Motor vehicles - 33% on reducing balance,
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 30,000
AMORTISATION
At 1 July 2022
and 30 June 2023 30,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 271,824
Additions 88,874
At 30 June 2023 360,698
DEPRECIATION
At 1 July 2022 85,581
Charge for year 67,413
At 30 June 2023 152,994
NET BOOK VALUE
At 30 June 2023 207,704
At 30 June 2022 186,243

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 225,302
DEPRECIATION
At 1 July 2022 49,525
Charge for year 58,006
At 30 June 2023 107,531
NET BOOK VALUE
At 30 June 2023 117,771
At 30 June 2022 175,777

QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 216,300
At 30 June 2023 216,300
NET BOOK VALUE
At 30 June 2023 216,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 393,066 338,477
Other debtors 20,693 14,850
413,759 353,327

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 46,742 48,741
Trade creditors 183,340 197,829
Amounts owed to group undertakings 227,619 8,344
Taxation and social security 213,718 143,980
Other creditors 144,307 99,256
825,726 508,150

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,833 29,571
Hire purchase contracts 59,203 105,945
79,036 135,516

None of the amounts due after more than one year are due after more than five years.

QUANDO DRINKS LIMITED (REGISTERED NUMBER: 09038383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 105,945 154,686

The hire purchase liability is secured on the relevant asset.
The directors have given personal guarantees in relation to the hire purchase liability and factoring account.

11. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had other financial commitments of £16,321 (2022:£47,370), which are not shown elsewhere in the financial statements.