Drinks & Snacks Xpress Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08377209 (England and Wales)

Financial Statements for the Year Ended 31 January 2020

for

Drinks & Snacks Xpress Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mrs S Jeyachanthiran

REGISTERED OFFICE:

230 Northolt Road

Harrow

Middlesex

HA2 8DU

REGISTERED NUMBER:

08377209 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

1,049

1,311

CURRENT ASSETS

Stocks

5

25,250

22,600

Debtors

6

4,896

-

Cash at bank

483

1

30,629

22,601

CREDITORS

Amounts falling due within one year

7

107,617

61,927

NET CURRENT LIABILITIES

(76,988

)

(39,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,939

)

(38,015

)

CREDITORS

Amounts falling due after more than one year

8

3,355

5,120

NET LIABILITIES

(79,294

)

(43,135

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(79,394

)

(43,235

)

SHAREHOLDERS' FUNDS

(79,294

)

(43,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2020 and were signed by:

Mrs S Jeyachanthiran - Director

1.	STATUTORY INFORMATION

Drinks & Snacks Xpress Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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.

Fixtures and fittings

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2019

and 31 January 2020

5,000

DEPRECIATION

At 1 February 2019

3,689

Charge for year

262

At 31 January 2020

3,951

NET BOOK VALUE

At 31 January 2020

1,049

At 31 January 2019

1,311

5.

STOCKS

31.1.20

31.1.19

£

£

Finished goods

25,250

22,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

VAT

4,896

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans and overdrafts (see note 9)

2,553

2,643

Trade creditors

-

16,313

Tax

6,502

6,383

Social security and other taxes

1,405

1,348

VAT

-

675

Directors' current accounts

92,907

31,815

Accrued expenses

4,250

2,750

107,617

61,927

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans (see note 9)

3,355

5,120

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.20

31.1.19

£

£

Amounts falling due within one year or on demand:

Capital On Tap

2,553

2,643

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,355

5,120

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.20

31.1.19

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 February 2019

(43,235

)

Deficit for the year

(36,159

)

At 31 January 2020

(79,394

)