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REGISTERED NUMBER: 07171103 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CHEERS BEVERAGE GAS LIMITED

CHEERS BEVERAGE GAS LIMITED (REGISTERED NUMBER: 07171103)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

CHEERS BEVERAGE GAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R G Baker
R R Guest





REGISTERED OFFICE: Unit 18 Fallings Park Industrial Estate
Park Lane
Wolverhampton
West Midlands
WV10 9QA





REGISTERED NUMBER: 07171103 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

CHEERS BEVERAGE GAS LIMITED (REGISTERED NUMBER: 07171103)

BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,763 152,051

CURRENT ASSETS
Debtors 5 37,387 -
Prepayments and accrued income 721 754
Cash at bank and in hand 44,186 87,672
82,294 88,426
CREDITORS
Amounts falling due within one year 6 50,969 54,130
NET CURRENT ASSETS 31,325 34,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,088

186,347

CREDITORS
Amounts falling due after more than one
year

7

(55,511

)

(68,541

)

PROVISIONS FOR LIABILITIES (7,150 ) (7,150 )
NET ASSETS 157,427 110,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 157,327 110,556
SHAREHOLDERS' FUNDS 157,427 110,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CHEERS BEVERAGE GAS LIMITED (REGISTERED NUMBER: 07171103)

BALANCE SHEET - continued
28 FEBRUARY 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 24 November 2023 and were signed on its behalf by:





R G Baker - Director


CHEERS BEVERAGE GAS LIMITED (REGISTERED NUMBER: 07171103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Cheers Beverage Gas 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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 6 (2022 - 6 ) .

CHEERS BEVERAGE GAS LIMITED (REGISTERED NUMBER: 07171103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 69,194 201,909 271,103
Additions - 59,379 59,379
At 28 February 2023 69,194 261,288 330,482
DEPRECIATION
At 1 March 2022 - 119,052 119,052
Charge for year - 22,667 22,667
At 28 February 2023 - 141,719 141,719
NET BOOK VALUE
At 28 February 2023 69,194 119,569 188,763
At 28 February 2022 69,194 82,857 152,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 37,387 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 12,950 12,875
Trade creditors 1 11,750
Taxation and social security 26,568 18,493
Other creditors 11,450 11,012
50,969 54,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 55,511 68,541

8. RESERVES
Retained
earnings
£   

At 1 March 2022 110,556
Profit for the year 72,771
Dividends (26,000 )
At 28 February 2023 157,327

CHEERS BEVERAGE GAS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CHEERS BEVERAGE GAS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


24 November 2023