BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the supply, maintenance and repair of commercial and domestic beverage, heating and air conditioning equipment. 17 October 2024 8 7 NI062601 2024-01-31 NI062601 2023-01-31 NI062601 2022-01-31 NI062601 2023-02-01 2024-01-31 NI062601 2022-02-01 2023-01-31 NI062601 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI062601 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI062601 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI062601 uk-bus:FullAccounts 2023-02-01 2024-01-31 NI062601 uk-core:ShareCapital 2024-01-31 NI062601 uk-core:ShareCapital 2023-01-31 NI062601 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI062601 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI062601 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI062601 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI062601 uk-bus:FRS102 2023-02-01 2024-01-31 NI062601 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI062601 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI062601 uk-core:MotorVehicles 2023-02-01 2024-01-31 NI062601 uk-core:CurrentFinancialInstruments 2024-01-31 NI062601 uk-core:CurrentFinancialInstruments 2023-01-31 NI062601 uk-core:WithinOneYear 2024-01-31 NI062601 uk-core:WithinOneYear 2023-01-31 NI062601 uk-core:WithinOneYear 2024-01-31 NI062601 uk-core:WithinOneYear 2023-01-31 NI062601 uk-core:WithinOneYear 2024-01-31 NI062601 uk-core:WithinOneYear 2023-01-31 NI062601 uk-core:AfterOneYear 2024-01-31 NI062601 uk-core:AfterOneYear 2023-01-31 NI062601 uk-core:AfterOneYear 2024-01-31 NI062601 uk-core:AfterOneYear 2023-01-31 NI062601 uk-core:AfterOneYear 2024-01-31 NI062601 uk-core:AfterOneYear 2023-01-31 NI062601 uk-core:BetweenOneTwoYears 2024-01-31 NI062601 uk-core:BetweenOneTwoYears 2023-01-31 NI062601 uk-core:BetweenTwoFiveYears 2024-01-31 NI062601 uk-core:BetweenTwoFiveYears 2023-01-31 NI062601 uk-core:BetweenOneFiveYears 2024-01-31 NI062601 uk-core:BetweenOneFiveYears 2023-01-31 NI062601 uk-core:OtherMiscellaneousReserve 2023-01-31 NI062601 uk-core:OtherMiscellaneousReserve 2023-02-01 2024-01-31 NI062601 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 NI062601 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-01-31 NI062601 uk-core:OtherDeferredTax 2024-01-31 NI062601 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-01-31 NI062601 uk-core:OtherMiscellaneousReserve 2024-01-31 NI062601 2023-02-01 2024-01-31 NI062601 uk-bus:Director1 2023-02-01 2024-01-31 NI062601 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI062601
 
 
All Beverage Services Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2024
All Beverage Services Ltd
Company Registration Number: NI062601
BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 69,833 87,291
───────── ─────────
 
Current Assets
Stocks 5 145,000 42,732
Debtors 6 359,000 260,380
Cash and cash equivalents 192,291 275,992
───────── ─────────
696,291 579,104
───────── ─────────
Creditors: amounts falling due within one year 7 (231,738) (163,720)
───────── ─────────
Net Current Assets 464,553 415,384
───────── ─────────
Total Assets less Current Liabilities 534,386 502,675
 
Creditors:
amounts falling due after more than one year 8 (133,671) (127,374)
 
Provisions for liabilities 9 (17,458) (14,698)
 
Government grants 11 (204) (255)
───────── ─────────
Net Assets 383,053 360,348
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 383,051 360,346
───────── ─────────
Shareholders' Funds 383,053 360,348
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 17 October 2024
           
           
________________________________          
Mr. Gregory Reid          
Director          
           



All Beverage Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
All Beverage Services Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 80 Moylagh Road, Beragh, Omagh, Co Tyrone, BT79 0UN which is also the principal place of business of the company. The principal activity of the company is the supply, maintenance and repair of commercial and domestic beverage, heating and air conditioning equipment.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employees 8 7
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 February 2023 126,252 1,900 142,373 270,525
  ───────── ───────── ───────── ─────────
 
At 31 January 2024 126,252 1,900 142,373 270,525
  ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2023 97,136 1,900 84,198 183,234
Charge for the financial year 5,823 - 11,635 17,458
  ───────── ───────── ───────── ─────────
At 31 January 2024 102,959 1,900 95,833 200,692
  ───────── ───────── ───────── ─────────
Net book value
At 31 January 2024 23,293 - 46,540 69,833
  ═════════ ═════════ ═════════ ═════════
At 31 January 2023 29,116 - 58,175 87,291
  ═════════ ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 29,929 7,482 20,211 5,053
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 145,000 42,732
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 305,482 257,331
Other debtors 50,353 -
Taxation 182 180
Prepayments and accrued income 2,983 2,869
  ───────── ─────────
  359,000 260,380
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 451 2,813
Bank loan 10,616 9,650
Net obligations under finance leases
and hire purchase contracts 8,365 5,122
Trade creditors 105,696 76,159
Taxation 68,870 42,635
Accruals:
Pension accrual 275 419
Other accruals 37,465 26,922
  ───────── ─────────
  231,738 163,720
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 14,175 25,035
Finance leases and hire purchase contracts 6,072 3,093
Director's loan accounts 113,424 99,246
  ───────── ─────────
  133,671 127,374
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 11,067 12,463
Repayable between one and two years 10,144 9,894
Repayable between two and five years 4,031 15,141
  ───────── ─────────
  25,242 37,498
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 8,365 5,122
Repayable between one and five years 6,072 3,093
  ───────── ─────────
  14,437 8,215
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 16,586 (1,888) 14,698 10,132
Charged to profit and loss 872 1,888 2,760 4,566
  ───────── ───────── ───────── ─────────
At financial year end 17,458 - 17,458 14,698
  ═════════ ═════════ ═════════ ═════════
   
10. Pension costs - defined contribution
 
The pension costs charged in the financial statements represent the contribution payble by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.
       
11. Government Grants Deferred 2024 2023
  £ £
 
Capital grants received and receivable
At 1 February 2023 399 399
  ───────── ─────────
Amortisation
At 1 February 2023 (144) (80)
Amortised in financial year (51) (64)
  ───────── ─────────
 
At 31 January 2024 (195) (144)
  ───────── ─────────
Net book value
At 31 January 2024 204 255
  ═════════ ═════════
At 1 February 2023 255 319
  ═════════ ═════════
           
12. Related party transactions
 
At the start of the year All Beverage Services Ltd owed the director £99,246. During the year All Beverage Services Ltd borrowed a further £48,423 and repaid £34,245 to the director. At the year end, the director is owed £113,424 (2023: £99,246) from All Beverage Services Ltd and this is included in the creditors section of the balance sheet.