Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Year Ended
Registration number:
Decorum Vending Limited
Balance Sheet
31 December 2025
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Note |
31 December |
31 December |
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Fixed assets |
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Intangible assets |
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- |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Share premium reserve |
1,018,328 |
1,018,328 |
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Profit and loss account |
(726,227) |
(1,137,799) |
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Shareholders' funds/(deficit) |
292,102 |
(119,470) |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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......................................... |
Unit 2b Trafalgar Court, Ampress Lane, Lymington, Dorset, SO41 8QE
Company Registration Number: 09620146
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated, domiciled and registered in England in the United Kingdom.
The registered number is 09620146 and the registered address is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest pound.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company early adopted the amendments to FRS 102 from the Periodic Review 2024 in a previous period.
The company has applied the exemptions available under Section 1A of FRS102 in respect of the following: - Cash Flow Statement and related notes
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Going concern
During the period the company made a profit of £411,572 (2024: profit of £18,820), has net assets of £292,102 (net liability 2024: £119,470), net current liabilities of £1,591,145 (2024: £1,325,554) and cash at bank of £340,293 (2024: £225,214).
The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons:
• The directors have considered the status of the company, its financial position, and prospects based on its operations, including the significant expansion and diversification into aviation travel following the acquisition of the trade and assets of Petrie Gough Limited (see note 13). The Directors have prepared a cash flow forecast for the company for a period of at least twelve months from the date of approval of these financial statements which, after considering the impact of current economic headwinds on its operations including increase in number of vending machines, direct costs for purchase of inventory, salary and other indirect cost inflation, forecasts that the company will maintain a positive cash balance for a period of at least 12 months from the date of approval of these financial statements.
• In preparing the forecasts management have had due consideration for a range of factors, including plausible downside scenarios which may arise in the event of significant reductions in passenger footfall numbers through the impact of industrial action, prolonged periods of adverse weather conditions and other disruption to rail or aviation travel.
• The going concern assessment indicates that in the reasonably possible downsides, the Company maintains a positive cash balance throughout the going concern assessment period.
Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
Revenue is recognised at the point where products are sold to the customer and this is when control has been transferred. Performance obligations are satisfied at the point of delivery at the point where products are delivered.
Revenue from commissions is recognised in the period to which it relates based on the satisfaction of the performance obligations according to contractual terms.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to ontrol the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. The Company assesses at each reporting date whether tangible fixed assets (including those leased under a finance lease) are impaired.
Depreciation
Depreciation is charged to the profit and loss account on a reducing balance or straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets.
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Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
15% Reducing balance |
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Plant and Machinery |
10-20% Straight line |
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Motor Vehicles |
33% Straight line |
Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset’s future economic benefits.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Provisions
A provision is recognised in the balance sheet when the company has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Software |
Straight line for 5 years |
Interest receivable and payable
Interest payable and similar expenses include interest payable, finance expenses on shares classified as liabilities and finance leases recognised in profit or loss using the effective interest method, unwinding of the discount on provisions, and net foreign exchange losses that are recognised in the profit and loss account (see foreign currency accounting policy).
Other interest receivable and similar income include interest receivable on funds invested and net foreign exchange gains.
Interest income and interest payable are recognised in profit or loss as they accrue, using the effective interest method.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) principle and includes expenditure incurred in acquiring the stocks, production and other costs in bringing them to their existing location and condition.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Leases
Right-of-use assets are equal to the lease liabilities plus any payments made (and less any incentives received) before the start of the lease.
At the inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
As a lessee
The Company allocates the consideration in the contract to each lease component on the basis of its relative stand-alone price and the aggregate stand-alone price of the non-lease components.
The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Company by the end of the lease term or the cost of the right-of-use asset reflects that the Company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Company’s incremental or obtainable borrowing rate.
Lease payments included in the measurement of the lease liability comprise the following:
- fixed payments, including in-substance fixed payments;
- variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date
- amounts expected to be payable under a residual value guarantee; and
- the exercise price under a purchase option that the Company is reasonably certain to exercise,
lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early.
The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, if the Company changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, to the extent that the right-of-use asset is reduced to nil, with any further adjustment required from the remeasurement being recorded in profit or loss.The Company presents right-of-use assets that do not meet the definition of investment property in 'property, plant and equipment' and lease liabilities in 'loans and borrowings' in the statement of financial position.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Defined contribution pension obligation
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency
Transactions in foreign currencies are translated to the Company’s functional currency at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are translated to the functional currency at foreign exchange rates ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the profit and loss account.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled. Instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Impairment excluding stocks, and deferred tax assets
Financial assets (including trade and other debtors)
A financial asset not carried at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably.
An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. For financial instruments measured at cost less impairment an impairment is calculated as the difference between its carrying amount and the best estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Interest on the impaired asset continues to be recognised through the unwinding of the discount. Impairment losses are recognised in profit or loss. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss.
Non-financial assets
The carrying amounts of the Company’s non-financial assets, other than stocks and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”).
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units, and then to reduce the carrying amounts of the other assets in the unit (group of units) on a pro rata basis.
Impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Critical judgements and estimation uncertainty
In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
In the opinion of management the following are areas where management have exercised significant judgement, or where there exists estimation uncertainty which may have a material impact on the financial statements:
Assessment of useful economic lives on assets.
The assessment of the useful economic life of property, plant, and equipment (which includes right of use assets) is a key accounting estimate. Management determines the estimated useful lives of assets based on the expected physical wear and tear, technological obsolescence, and the expected period of utility to the business.
These estimates are reviewed annually and, if necessary, revised to reflect changes in usage patterns or technological advancements.
Assessment of interest rate on right of use liabilities.
Lessees must discount lease payments using the interest rate implicit in the lease, or if not readily available, their Incremental Borrowing Rate (IBR) or Obtainable Borrowing Rate (OBR) to determine the present value of lease liabilities. The IBR is the estimated rate a lessee would pay to borrow funds to acquire a similar asset over a similar term with similar security. The OBR is the estimated rate a lessee would pay to borrow over a similar term an amount similar to the total undiscounted value of lease payments to be included in the measurement of the lease liability.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Intangible assets |
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Software |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 31 December 2025 |
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Amortisation |
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Amortisation charge |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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The carrying amount of intangible assets at 31 December 2024 was £nil. Consequently, no balance was brought forward in respect of intangible assets in the current financial period.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Tangible assets |
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Properties |
Office equipment |
Motor vehicles |
Right of use assets |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 January 2025 |
- |
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Additions |
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- |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
- |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
- |
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Right of use assets comprises of property, motor vehicles and core equipment such as vending machines.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Stocks |
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31 December |
15 month period ended |
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Finished goods |
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There is no provision in respect of slow moving or obsolete stock (2024 - nil)
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Debtors |
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31 December |
15 month period ended |
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Trade debtors |
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Other debtors |
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Prepayments |
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Please refer to the taxation note for a reconciliation of the deferred tax asset as at the balance sheet date.
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
31 December |
15 month period ended |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
31 December |
15 month period ended |
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Due after one year |
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Loans and borrowings |
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Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Loans and borrowings |
Current loans and borrowings
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31 December |
15 month period ended |
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Bank borrowings |
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Lease liabilities |
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Non-current loans and borrowings
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31 December |
15 month period ended |
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Bank borrowings |
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Lease liabilities |
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Amounts shown as bank borrowings are secured.
Significant leasing arrangements for the company include property, vehicles and vending machines (including ancilliary equipment). The term relating to the leases ranges to up to 10 years. The expense recognised for low-value and short term leases for 2025 was £4,800 (2024 - £4,800)
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Share capital |
Allotted, called up and fully paid shares
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31 December |
15 month period ended |
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No. |
£ |
No. |
£ |
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1 |
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1 |
In the previous year there was 14,225 shares transferrred between the shareholders.
In the current year there has been no transfer of shares.
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Events after the reporting period |
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Audit report |
Decorum Vending Limited
Notes to the Financial Statements
Year Ended 31 December 2025
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The smallest and largest group in which the results of the Company are consolidated is that headed by East Japan Railway Company.