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REGISTERED NUMBER: 02022899 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Arrowvend Limited

Arrowvend Limited (Registered number: 02022899)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Arrowvend Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N J Davis
A G Davis





SECRETARY: M J Davis





REGISTERED OFFICE: Unit F4 Sapphire Court
George Road
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3FP





REGISTERED NUMBER: 02022899 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Arrowvend Limited (Registered number: 02022899)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,581 44,890
Investments 6 983,558 986,754
1,024,139 1,031,644

CURRENT ASSETS
Stocks 10,744 7,872
Debtors 7 208,792 151,595
Cash at bank and in hand 213,234 247,253
432,770 406,720
CREDITORS
Amounts falling due within one year 8 (932,177 ) (972,980 )
NET CURRENT LIABILITIES (499,407 ) (566,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,732

465,384

CREDITORS
Amounts falling due after more than one
year

9

(116,218

)

(128,617

)

PROVISIONS FOR LIABILITIES (9,065 ) (9,905 )
NET ASSETS 399,449 326,862

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Retained earnings 394,449 321,862
SHAREHOLDERS' FUNDS 399,449 326,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Arrowvend Limited (Registered number: 02022899)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





A G Davis - Director


Arrowvend Limited (Registered number: 02022899)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Arrowvend 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.

Preparation of consolidated financial statements
The financial statements contain information about Arrowvend Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 2005 and 2007, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 33.33% on cost
Plant and machinery - 16.67% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Arrowvend Limited (Registered number: 02022899)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 261,708
AMORTISATION
At 1 July 2023
and 30 June 2024 261,708
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Arrowvend Limited (Registered number: 02022899)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 16,904 1,671,798 131,298
Additions - 12,487 1,048
At 30 June 2024 16,904 1,684,285 132,346
DEPRECIATION
At 1 July 2023 16,904 1,650,200 131,298
Charge for year - 11,205 139
At 30 June 2024 16,904 1,661,405 131,437
NET BOOK VALUE
At 30 June 2024 - 22,880 909
At 30 June 2023 - 21,598 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 26,000 10,865 1,856,865
Additions - - 13,535
At 30 June 2024 26,000 10,865 1,870,400
DEPRECIATION
At 1 July 2023 2,708 10,865 1,811,975
Charge for year 6,500 - 17,844
At 30 June 2024 9,208 10,865 1,829,819
NET BOOK VALUE
At 30 June 2024 16,792 - 40,581
At 30 June 2023 23,292 - 44,890

Arrowvend Limited (Registered number: 02022899)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 July 2023
and 30 June 2024 26,000
DEPRECIATION
At 1 July 2023 2,708
Charge for year 6,500
At 30 June 2024 9,208
NET BOOK VALUE
At 30 June 2024 16,792
At 30 June 2023 23,292

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 986,754
Additions 7,775
Disposals (10,971 )
At 30 June 2024 983,558
NET BOOK VALUE
At 30 June 2024 983,558
At 30 June 2023 986,754

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,869 21,916
Amounts owed by group undertakings 158,782 110,510
Other debtors 30,141 19,169
208,792 151,595

Arrowvend Limited (Registered number: 02022899)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 2,400 2,400
Trade creditors 4,547 3,513
Amounts owed to group undertakings 70,000 120,000
Taxation and social security 73,151 61,428
Other creditors 772,079 775,639
932,177 972,980

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Hire purchase contracts (see note 10) 12,051 14,450
Other creditors 95,000 95,000
116,218 128,617

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 2,400 2,400
Between one and five years 12,051 14,450
14,451 16,850

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. RELATED PARTY DISCLOSURES

At the year end, the company owed a director, A G Davis, a loan totalling £584,038 (2023: £587,746). This loan is interest-free, and the director has given an assurance that he will not withdraw funds until the company has sufficient resources to do so.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Arrowvend 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 Income Statement 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 Arrowvend Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, 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 Arrowvend Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arrowvend Limited and state those matters that we have agreed to state to the Board of Directors of Arrowvend 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 Arrowvend Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arrowvend 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 Arrowvend Limited. You consider that Arrowvend 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 Arrowvend 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


12 February 2025