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REGISTERED NUMBER: 14663300 (England and Wales)










VAIS DRINKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14TH FEBRUARY 2023 TO 28TH FEBRUARY 2024






VAIS DRINKS LIMITED (REGISTERED NUMBER: 14663300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14TH FEBRUARY 2023 TO 28TH FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


VAIS DRINKS LIMITED (REGISTERED NUMBER: 14663300)

BALANCE SHEET
28TH FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 12,307
Tangible assets 5 1,387
13,694

CURRENT ASSETS
Debtors 6 5,274
Cash at bank 2,451
7,725
CREDITORS
Amounts falling due within one year 7 72,959
NET CURRENT LIABILITIES (65,234 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,540 )

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings (51,541 )
SHAREHOLDERS' FUNDS (51,540 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th October 2024 and were signed by:





N Story - Director


VAIS DRINKS LIMITED (REGISTERED NUMBER: 14663300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14TH FEBRUARY 2023 TO 28TH FEBRUARY 2024


1. STATUTORY INFORMATION

Vais Drinks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14663300

Registered office: Unit C1 Swinton Bridge Industrial Estate
White Lee Road
Swinton
Mexborough
S64 8BH

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Computer software 20% SL

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery 20% SL

VAIS DRINKS LIMITED (REGISTERED NUMBER: 14663300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14TH FEBRUARY 2023 TO 28TH FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.
Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.
Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 14,279
At 28th February 2024 14,279
AMORTISATION
Charge for period 1,972
At 28th February 2024 1,972
NET BOOK VALUE
At 28th February 2024 12,307

VAIS DRINKS LIMITED (REGISTERED NUMBER: 14663300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14TH FEBRUARY 2023 TO 28TH FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,600
At 28th February 2024 1,600
DEPRECIATION
Charge for period 213
At 28th February 2024 213
NET BOOK VALUE
At 28th February 2024 1,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 5,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,828
Other creditors 69,131
72,959

Included in other creditors are amounts owed to the director of £37,916 and £29,415 to companies where the director is the ultimate beneficial owner. All amounts are interest free.

8. CALLED UP SHARE CAPITAL

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