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

REGISTERED NUMBER: 11410559 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

HELL BEVERAGES UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

T Grosch

REGISTERED OFFICE:

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

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

17,626

1,146

CURRENT ASSETS

Stocks

5

103,383

50,997

Debtors

6

159,943

29,015

Cash at bank and in hand

275,430

65,043

538,756

145,055

CREDITORS

Amounts falling due within one year

7

835,717

153,147

NET CURRENT LIABILITIES

(296,961

)

(8,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(279,335

)

(6,946

)

CREDITORS

Amounts falling due after more than one year

8

76,123

76,123

NET LIABILITIES

(355,458

)

(83,069

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(365,458

)

(93,069

)

SHAREHOLDERS' FUNDS

(355,458

)

(83,069

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2020 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 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 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 year 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 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

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 year was 16 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

1,167

Additions

16,929

At 31 December 2019

18,096

DEPRECIATION

At 1 January 2019

21

Charge for year

449

At 31 December 2019

470

NET BOOK VALUE

At 31 December 2019

17,626

At 31 December 2018

1,146

5.

STOCKS

2019

2018

£

£

Stocks

103,383

50,997

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

17,450

-

Other debtors

142,493

29,015

159,943

29,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

766,830

126,354

Taxation and social security

61,667

25,593

Other creditors

7,220

1,200

835,717

153,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

76,123

76,123

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

167,224

26,195

Between one and five years

332,200

26,195

499,424

52,390

10.	ULTIMATE CONTROLLING PARTY

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

The following reproduces the text of the report prepared for the director 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 Director 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 Hell Beverages Uk Ltd for the year ended 31 December 2019 which comprise the Income

Statement, Balance Sheet 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 director of Hell Beverages Uk Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hell Beverages Uk Ltd and state those matters that we have agreed to state to the director of Hell Beverages Uk Ltd 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 Hell Beverages Uk Ltd and its director for our work or for this report.

It is your duty to ensure that Hell Beverages Uk Ltd 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 loss of Hell Beverages Uk Ltd. You consider that Hell Beverages Uk Ltd 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 Hell Beverages Uk Ltd. 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.

Stanley Yule Chartered Accountants

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

Date: .............................................