B & B Vending Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00964071 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

B & B Vending Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

6,000

7,000

Tangible assets

5

364,724

349,328

370,724

356,328

CURRENT ASSETS

Stocks

99,704

104,784

Debtors

6

137,226

166,436

Cash at bank and in hand

75,530

101,770

312,460

372,990

CREDITORS

Amounts falling due within one year

7

215,263

236,777

NET CURRENT ASSETS

97,197

136,213

TOTAL ASSETS LESS CURRENT LIABILITIES

467,921

492,541

CREDITORS

Amounts falling due after more than one year

8

(190,988

)

(199,175

)

PROVISIONS FOR LIABILITIES

(69,399

)

(64,519

)

NET ASSETS

207,534

228,847

CAPITAL AND RESERVES

Called up share capital

3,364

3,364

Capital redemption reserve

1,632

1,632

Retained earnings

202,538

223,851

SHAREHOLDERS' FUNDS

207,534

228,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2019 and were signed on its behalf by:

Mr J C Boyd - Director

1.	STATUTORY INFORMATION

B & B Vending Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

00964071

Registered office:

Haven House

Festival Trade Park

Crown Road

Stoke-On-Trent

Staffordshire

ST1 5NJ

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.

Turnover

Turnover represents net invoiced sales of properties and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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 year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

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 19 (2018 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

10,000

AMORTISATION

At 1 April 2018

3,000

Charge for year

1,000

At 31 March 2019

4,000

NET BOOK VALUE

At 31 March 2019

6,000

At 31 March 2018

7,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2018

645,551

36,198

88,394

770,143

Additions

59,796

2,703

28,566

91,065

Disposals

(13,151

)

-

-

(13,151

)

At 31 March 2019

692,196

38,901

116,960

848,057

DEPRECIATION

At 1 April 2018

348,098

25,533

47,184

420,815

Charge for year

53,241

2,674

17,444

73,359

Eliminated on disposal

(10,841

)

-

-

(10,841

)

At 31 March 2019

390,498

28,207

64,628

483,333

NET BOOK VALUE

At 31 March 2019

301,698

10,694

52,332

364,724

At 31 March 2018

297,453

10,665

41,210

349,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2018

26,179

35,861

62,040

Additions

-

28,566

28,566

Transfer to ownership

(13,081

)

-

(13,081

)

At 31 March 2019

13,098

64,427

77,525

DEPRECIATION

At 1 April 2018

6,416

9,400

15,816

Charge for year

1,463

13,757

15,220

Transfer to ownership

(3,074

)

-

(3,074

)

At 31 March 2019

4,805

23,157

27,962

NET BOOK VALUE

At 31 March 2019

8,293

41,270

49,563

At 31 March 2018

19,763

26,461

46,224

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

42,649

75,061

Amounts owed by group undertakings

78,900

76,755

Other debtors

15,677

14,620

137,226

166,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

13,167

12,975

Hire purchase contracts

23,018

20,587

Trade creditors

121,645

136,575

Taxation and social security

51,245

53,605

Other creditors

6,188

13,035

215,263

236,777

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

171,137

184,343

Hire purchase contracts

19,851

14,832

190,988

199,175

2019

2018

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

128,170

171,368

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

184,304

-

Hire purchase contracts

42,869

35,419

227,173

35,419

The hire purchase liabilities are secured on the assets they are related to.

Bank Loans have fixed charges over the company's freehold property, and fixed and floating charges over the

company's undertaking and all assets.

10.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet

amount to £2799. This financial commitment represents the total amount of payments remaining on a lease

ending in 2020.

11.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Boyd Holdings Ltd, a company controlled by it's directors.