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QUALIVEND LTD

Registered Number
NI043809
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 October 2023

QUALIVEND LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Michael Bradley
Kevin Keogh

Company Secretary

Christine Keogh

Registered Address

Unit 7
Rathmor Business Park
Blighs Lane
BT48 0LZ

Registered Number

NI043809 (Northern Ireland)
QUALIVEND LTD
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3133,176141,710
133,176141,710
Current assets
Stocks34,22131,159
Debtors16,91815,882
Cash at bank and on hand69,91447,072
121,05394,113
Creditors amounts falling due within one year(89,365)(78,470)
Net current assets (liabilities)31,68815,643
Total assets less current liabilities164,864157,353
Net assets164,864157,353
Capital and reserves
Called up share capital22
Profit and loss account164,862157,351
Shareholders' funds164,864157,353
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2024, and are signed on its behalf by:
Kevin Keogh
Director
Michael Bradley
Director

Registered Company No. NI043809
QUALIVEND LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant & Machinery - 20% Reducing balance Fixture & Fittings - 20% Reducing balance Motor Vehicles - 20% Reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year53
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 22692,465
Additions3,200
At 31 October 23695,665
Depreciation and impairment
At 01 November 22550,755
Charge for year11,734
At 31 October 23562,489
Net book value
At 31 October 23133,176
At 31 October 22141,710