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REGISTERED NUMBER: 03490709 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALLIED DRINKS SYSTEMS LIMITED

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIED DRINKS SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S P Knapp
J W Parker





SECRETARY: Mrs S P Knapp





REGISTERED OFFICE: 30- 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03490709 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 416,519 347,999
416,519 347,999

CURRENT ASSETS
Stocks 333,710 345,847
Debtors 6 143,895 145,836
Cash at bank and in hand 2,867 34,969
480,472 526,652
CREDITORS
Amounts falling due within one year 7 (505,908 ) (474,029 )
NET CURRENT (LIABILITIES)/ASSETS (25,436 ) 52,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,083

400,622

CREDITORS
Amounts falling due after more than one
year

8

(290,377

)

(333,838

)

PROVISIONS FOR LIABILITIES (22,834 ) (5,132 )
NET ASSETS 77,872 61,652

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 77,772 61,552
SHAREHOLDERS' FUNDS 77,872 61,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J W Parker - Director


ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Allied Drinks Systems 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 arising on the acquisition of an entity represents the excess of the cost of acquisition over
the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities
of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost
and is subsequently measured at cost less accumulated amortisation and accumulated impairment
losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each
reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a
reliable estimate of the useful life cannot be made.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 100,000
AMORTISATION
At 1 January 2023
and 31 December 2023 100,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 307,450 8,426 55,749
Additions - 70,199 5,756
At 31 December 2023 307,450 78,625 61,505
DEPRECIATION
At 1 January 2023 - 5,819 43,415
Charge for year - 652 3,314
At 31 December 2023 - 6,471 46,729
NET BOOK VALUE
At 31 December 2023 307,450 72,154 14,776
At 31 December 2022 307,450 2,607 12,334

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 47,045 126,456 545,126
Additions - 820 76,775
At 31 December 2023 47,045 127,276 621,901
DEPRECIATION
At 1 January 2023 26,599 121,294 197,127
Charge for year 2,840 1,449 8,255
At 31 December 2023 29,439 122,743 205,382
NET BOOK VALUE
At 31 December 2023 17,606 4,533 416,519
At 31 December 2022 20,446 5,162 347,999

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 17,695
DEPRECIATION
At 1 January 2023 4,065
Charge for year 1,136
At 31 December 2023 5,201
NET BOOK VALUE
At 31 December 2023 12,494
At 31 December 2022 13,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 94,395 115,569
Other debtors 49,500 30,267
143,895 145,836

ALLIED DRINKS SYSTEMS LIMITED (REGISTERED NUMBER: 03490709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 145,638 112,477
Hire purchase contracts 3,823 4,745
Trade creditors 287,343 284,373
Taxation and social security 40,095 39,895
Other creditors 29,009 32,539
505,908 474,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 290,377 329,983
Hire purchase contracts - 3,855
290,377 333,838

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary A £20 20 20
20 Ordinary B £20 20 20
20 Ordinary C £20 20 20
20 Ordinary D £20 20 20
20 Ordinary E £20 20 20
100 100

10. GOVERNMENT GRANTS

Grants received in this period consist of the following;

2023 2022
£ £
CBILs loan interest grant - 4,550
- 4,550

The above grants have been brought in on an accruals basis and disclosed as other income.