BrightAccountsProduction v1.0.0 v1.0.0 2023-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Vending Machine Sales/Rental 24 July 2025 5 5 NI043809 2024-10-31 NI043809 2023-10-31 NI043809 2022-10-31 NI043809 2023-11-01 2024-10-31 NI043809 2022-11-01 2023-10-31 NI043809 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI043809 uk-curr:PoundSterling 2023-11-01 2024-10-31 NI043809 uk-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI043809 uk-bus:AbridgedAccounts 2023-11-01 2024-10-31 NI043809 uk-core:ShareCapital 2024-10-31 NI043809 uk-core:ShareCapital 2023-10-31 NI043809 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI043809 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI043809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 NI043809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI043809 uk-bus:FRS102 2023-11-01 2024-10-31 NI043809 uk-core:PlantMachinery 2023-11-01 2024-10-31 NI043809 uk-core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 NI043809 uk-core:MotorVehicles 2023-11-01 2024-10-31 NI043809 2023-11-01 2024-10-31 NI043809 uk-bus:Director1 2023-11-01 2024-10-31 NI043809 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI043809
 
 
Qualivend Ltd
 
ABRIDGED UNAUDITED FINANCIAL STATEMENTS
 
for the financial year ended 31 October 2024
QUALIVEND LTD
Company Registration Number: NI043809
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 October 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 128,241 133,176
───────── ─────────
 
Current Assets
Stocks 33,022 34,221
Debtors 9,942 16,918
Cash and cash equivalents 82,654 69,914
───────── ─────────
125,618 121,053
───────── ─────────
Creditors: amounts falling due within one year (67,126) (89,365)
───────── ─────────
Net Current Assets 58,492 31,688
───────── ─────────
Total Assets less Current Liabilities 186,733 164,864
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 186,731 164,862
───────── ─────────
Shareholders' Funds 186,733 164,864
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.
For the financial year ended 31 October 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 24 July 2025
           
           
Michael Anthony Eugene BRADLEY          
Director          
           



QUALIVEND LTD
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

   
1. General Information
 
Qualivend Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI043809. The registered office of the company is. Vending Machine Sales/Rental The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
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 financial year ended 31 October 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 comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
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
Property, plant and equipment 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 Statement of Financial Position 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 Income Statement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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 Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position 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 Income Statement.
 
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 5, (2023 - 5).
 
  2024 2023
  Number Number
 
Operating Staff 5 5
  ═════════ ═════════
           
4. Property, plant and equipment
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 November 2023 570,264 35,193 90,208 695,665
Additions 10,660 - - 10,660
Disposals - - (17,990) (17,990)
  ───────── ───────── ───────── ─────────
At 31 October 2024 580,924 35,193 72,218 688,335
  ───────── ───────── ───────── ─────────
Depreciation
At 1 November 2023 462,976 31,405 68,108 562,489
Charge for the financial year 4,523 757 2,946 8,226
On disposals - - (10,621) (10,621)
  ───────── ───────── ───────── ─────────
At 31 October 2024 467,499 32,162 60,433 560,094
  ───────── ───────── ───────── ─────────
Net book value
At 31 October 2024 113,425 3,031 11,785 128,241
  ═════════ ═════════ ═════════ ═════════
At 31 October 2023 107,288 3,788 22,100 133,176
  ═════════ ═════════ ═════════ ═════════