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REGISTERED NUMBER: 08002695 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

JOHN STREET BEVERAGE LIMITED

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


JOHN STREET BEVERAGE LIMITED

Company Information
for the year ended 31 May 2024







Directors: S J Street
Mrs S Street





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 08002695 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Street Beverage Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Street Beverage Limited for the year ended 31 May 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of John Street Beverage Limited, as a body, in accordance with the terms of our engagement letter dated 23 October 2012. Our work has been undertaken solely to prepare for your approval the financial statements of John Street Beverage Limited and state those matters that we have agreed to state to the Board of Directors of John Street Beverage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Street Beverage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Street Beverage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Street Beverage Limited. You consider that John Street Beverage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Street Beverage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


10 March 2025

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 260,087 163,473
260,087 163,473

Current assets
Stocks 40,000 35,000
Debtors 6 499,519 422,554
Cash at bank and in hand 709,988 553,363
1,249,507 1,010,917
Creditors
Amounts falling due within one year 7 517,243 398,908
Net current assets 732,264 612,009
Total assets less current liabilities 992,351 775,482

Creditors
Amounts falling due after more than one
year

8

(12,641

)

(7,478

)

Provisions for liabilities (64,928 ) (40,707 )
Net assets 914,782 727,297

Capital and reserves
Called up share capital 10 100 100
Retained earnings 914,682 727,197
Shareholders' funds 914,782 727,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Balance Sheet - continued
31 May 2024


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 10 March 2025 and were signed on its behalf by:





S J Street - Director


JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

John Street Beverage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. Accounting policies - continued

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. Employees and directors

The average number of employees during the year was 13 (2023 - 12 ) .

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 98,000
Amortisation
At 1 June 2023
and 31 May 2024 98,000
Net book value
At 31 May 2024 -
At 31 May 2023 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2023 287,583 198,383 6,062 492,028
Additions 124,955 86,856 - 211,811
Disposals - (85,548 ) - (85,548 )
At 31 May 2024 412,538 199,691 6,062 618,291
Depreciation
At 1 June 2023 217,775 106,526 4,254 328,555
Charge for year 46,570 37,622 945 85,137
Eliminated on disposal - (55,488 ) - (55,488 )
At 31 May 2024 264,345 88,660 5,199 358,204
Net book value
At 31 May 2024 148,193 111,031 863 260,087
At 31 May 2023 69,808 91,857 1,808 163,473

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 June 2023 35,149
Additions 26,392
At 31 May 2024 61,541
Depreciation
At 1 June 2023 21,359
Charge for year 10,045
At 31 May 2024 31,404
Net book value
At 31 May 2024 30,137
At 31 May 2023 13,790

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 249,324 219,115
Amounts owed by group undertakings 225,000 177,000
Other debtors 25,195 26,439
499,519 422,554

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 9,768 3,902
Trade creditors 372,738 287,212
Taxation and social security 87,042 57,443
Other creditors 47,695 50,351
517,243 398,908

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 12,641 7,478

JOHN STREET BEVERAGE LIMITED (REGISTERED NUMBER: 08002695)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,409 11,380

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100

The ordinary A and ordinary B shares rank pari-passu and each has the right to voting, dividend and capital distribution. Dividends can be declared on different classes of shares at different rates.

11. Ultimate controlling party

The ultimate controlling party is S J Street.