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REGISTERED NUMBER: 06688016 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Best Vending Limited

Best Vending Limited (Registered number: 06688016)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Best Vending Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: N J Davis
A G Davis
Miss S M Graham





REGISTERED OFFICE: Unit F4 Sapphire Court
George Road
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3FP





REGISTERED NUMBER: 06688016 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Best Vending Limited (Registered number: 06688016)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 24,080 48,159
Tangible assets 5 231,033 128,540
255,113 176,699

CURRENT ASSETS
Stocks 15,768 16,570
Debtors 6 106,175 98,781
Cash at bank and in hand 641,300 567,511
763,243 682,862
CREDITORS
Amounts falling due within one year 7 (424,639 ) (370,929 )
NET CURRENT ASSETS 338,604 311,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,717

488,632

CREDITORS
Amounts falling due after more than one
year

8

(54,066

)

(37,837

)

PROVISIONS FOR LIABILITIES (42,508 ) (24,422 )
NET ASSETS 497,143 426,373

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 497,043 426,273
SHAREHOLDERS' FUNDS 497,143 426,373

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.

Best Vending Limited (Registered number: 06688016)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





A G Davis - Director


Best Vending Limited (Registered number: 06688016)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Best Vending 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 ten 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 Profit and Loss Account, 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.


Best Vending Limited (Registered number: 06688016)

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 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
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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 240,795
AMORTISATION
At 1 July 2022 192,636
Amortisation for year 24,079
At 30 June 2023 216,715
NET BOOK VALUE
At 30 June 2023 24,080
At 30 June 2022 48,159

Best Vending Limited (Registered number: 06688016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 22,769 449,218 16,132
Additions - 105,942 -
At 30 June 2023 22,769 555,160 16,132
DEPRECIATION
At 1 July 2022 14,343 352,201 16,132
Charge for year 5,693 50,318 -
At 30 June 2023 20,036 402,519 16,132
NET BOOK VALUE
At 30 June 2023 2,733 152,641 -
At 30 June 2022 8,426 97,017 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 32,757 4,031 524,907
Additions 70,585 - 176,527
At 30 June 2023 103,342 4,031 701,434
DEPRECIATION
At 1 July 2022 10,187 3,504 396,367
Charge for year 17,759 264 74,034
At 30 June 2023 27,946 3,768 470,401
NET BOOK VALUE
At 30 June 2023 75,396 263 231,033
At 30 June 2022 22,570 527 128,540

Best Vending Limited (Registered number: 06688016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 23,050
Additions 70,585
At 30 June 2023 93,635
DEPRECIATION
At 1 July 2022 480
Charge for year 17,759
At 30 June 2023 18,239
NET BOOK VALUE
At 30 June 2023 75,396
At 30 June 2022 22,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,215 74,978
Other debtors 17,960 23,803
106,175 98,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 10,168 4,335
Trade creditors 104,579 69,308
Amounts owed to group undertakings 225,510 203,499
Taxation and social security 19,202 26,659
Other creditors 55,180 57,128
424,639 370,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,167 29,167
Hire purchase contracts (see note 9) 34,899 8,670
54,066 37,837

Best Vending Limited (Registered number: 06688016)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 10,168 4,335
Between one and five years 34,899 8,670
45,067 13,005

Non-cancellable operating leases
2023 2022
£    £   
Within one year 26,075 44,821
Between one and five years 20,248 39,513
46,323 84,334

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is Arrowvend Limited.

Registered office: Unit F4 Sapphire Court George Road, Bromsgrove Technology Park, Bromsgrove, Worcestershire, England, B60 3FP.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Best Vending 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Best Vending Limited for the year ended 30 June 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Best Vending Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Best Vending Limited and state those matters that we have agreed to state to the Board of Directors of Best Vending Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Best Vending Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Best Vending Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Best Vending Limited. You consider that Best Vending Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Best Vending Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


30 November 2023