Hell Beverages UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11410559 (England and Wales)

Unaudited Financial Statements

for the period

12 June 2018 to 31 December 2018

for

HELL BEVERAGES UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Grosch

REGISTERED OFFICE:

Waterside House, Unit 3, Waterside Busin

Kings Norton

Birmingham

United Kingdom

B30 3DR

REGISTERED NUMBER:

11410559 (England and Wales)

ACCOUNTANTS:

Stanley Yule Chartered Accountants

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

FIXED ASSETS

Tangible assets

4

1,146

CURRENT ASSETS

Stocks

5

50,997

Debtors

6

29,015

Cash at bank

65,043

145,055

CREDITORS

Amounts falling due within one year

7

153,147

NET CURRENT LIABILITIES

(8,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,946

)

CREDITORS

Amounts falling due after more than one year

8

76,123

NET LIABILITIES

(83,069

)

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

(93,069

)

SHAREHOLDERS' FUNDS

(83,069

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 March 2019 and were signed by:

T Grosch - Director

1.	STATUTORY INFORMATION

Hell Beverages UK Ltd is a private company, limited by shares, registered in England and Wales.

The company's registered number is 11410559 and registered office address is as below:

Waterside House, Unit 3 Waterside Business Park

1649 Pershore Road

Birmingham

B30 3DR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

-Plant and Machinery 25% per annum on reducing balance.

-Fixtures and Fittings 20% per annum on reducing balance.

-Computer Equipment 20% per annum on reducing balance.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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

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.

Going concern

Whilst the company is insolvent, the accounts have been prepared on the going concern basis as the company

continues to have the support of it's parent company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,167

At 31 December 2018

1,167

DEPRECIATION

Charge for period

21

At 31 December 2018

21

NET BOOK VALUE

At 31 December 2018

1,146

5.

STOCKS

£

Stocks

50,997

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

29,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

30,410

Amounts owed to group undertakings

95,944

Taxation and social security

25,593

Other creditors

1,200

153,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to group undertakings

76,123

9.	ULTIMATE CONTROLLING PARTY

The Parent and Ultimate Holding Company is Hell Beverages Ltd a company based overseas.