Mineral Water Vending Limited 10575925 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is mineral water vending Digita Accounts Production Advanced 6.30.9574.0 true true 10575925 2023-01-01 2023-12-31 10575925 2023-12-31 10575925 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10575925 core:OtherPropertyPlantEquipment 2023-12-31 10575925 bus:SmallEntities 2023-01-01 2023-12-31 10575925 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10575925 bus:FilletedAccounts 2023-01-01 2023-12-31 10575925 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10575925 bus:RegisteredOffice 2023-01-01 2023-12-31 10575925 bus:Director1 2023-01-01 2023-12-31 10575925 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10575925 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 10575925 core:PlantMachinery 2023-01-01 2023-12-31 10575925 countries:UnitedKingdom 2023-01-01 2023-12-31 10575925 2022-12-31 10575925 core:OtherPropertyPlantEquipment 2022-12-31 10575925 2022-01-01 2022-12-31 10575925 2022-12-31 10575925 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10575925 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 10575925

Mineral Water Vending Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Mineral Water Vending Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mineral Water Vending Limited

Company Information

Director

Mr Mark Brian Empson

Registered office

Grovewood
Red Roses
Whitland
Carmarthenshire
SA34 0PN

Accountants

AIMS Accountants for Business
 
C12
12 Cathedral Road
Cardiff
CF11 9LJ

 

Mineral Water Vending Limited

(Registration number: 10575925)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,908

10,544

Current assets

 

Stocks

5

4,900

4,900

Cash at bank and in hand

 

4,142

5,562

 

9,042

10,462

Creditors: Amounts falling due within one year

6

(12,584)

(8,621)

Net current (liabilities)/assets

 

(3,542)

1,841

Net assets

 

4,366

12,385

Capital and reserves

 

Called up share capital

1

1

Retained earnings

4,365

12,384

Shareholders' funds

 

4,366

12,385

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2024
 

.........................................
Mr Mark Brian Empson
Director

 

Mineral Water Vending Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Grovewood
Red Roses
Whitland
Carmarthenshire
SA34 0PN

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Mineral Water Vending Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

plant and machinery

25% of reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mineral Water Vending Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Mineral Water Vending Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

21,145

21,145

At 31 December 2023

21,145

21,145

Depreciation

At 1 January 2023

10,601

10,601

Charge for the year

2,636

2,636

At 31 December 2023

13,237

13,237

Carrying amount

At 31 December 2023

7,908

7,908

At 31 December 2022

10,544

10,544

5

Stocks

2023
£

2022
£

Other inventories

4,900

4,900

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

8,010

6,228

Taxation and social security

4,558

2,022

Other creditors

16

371

12,584

8,621