Drinks & Snacks Xpress Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08377209 (England and Wales)

Financial Statements for the Year Ended 31 January 2022

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

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

671

839

CURRENT ASSETS

Stocks

5

24,500

28,400

Debtors

6

881

-

Cash at bank

944

644

26,325

29,044

CREDITORS

Amounts falling due within one year

7

76,259

75,515

NET CURRENT LIABILITIES

(49,934

)

(46,471

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,263

)

(45,632

)

CREDITORS

Amounts falling due after more than one year

8

36,631

37,500

NET LIABILITIES

(85,894

)

(83,132

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(85,994

)

(83,232

)

SHAREHOLDERS' FUNDS

(85,894

)

(83,132

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 24 October 2022 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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2021

and 31 January 2022

5,000

DEPRECIATION

At 1 February 2021

4,161

Charge for year

168

At 31 January 2022

4,329

NET BOOK VALUE

At 31 January 2022

671

At 31 January 2021

839

5.

STOCKS

31.1.22

31.1.21

£

£

Finished goods

24,500

28,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

VAT

881

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans and overdrafts (see note 9)

1,421

1,694

Tax

6,865

6,662

Social security and other taxes

3,555

3,388

VAT

-

932

Directors' current accounts

60,393

57,614

Accrued expenses

4,025

5,225

76,259

75,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans (see note 9)

36,631

37,500

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.22

31.1.21

£

£

Amounts falling due within one year or on demand:

Capital On Tap

1,421

1,694

Amounts falling due between two and five years:

Bank Loan

36,631

37,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.22

31.1.21

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 February 2021

(83,232

)

Deficit for the year

(2,762

)

At 31 January 2022

(85,994

)