Registered Number:03666205 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
Cocktails Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Cocktails Limited
Statement of Financial Position
2021
2022
Property, plant and equipment |
203,206
184,630
2
203,206
184,630
761,565
868,821
3
Trade and other receivables |
156,803
103,715
4
888,310
Cash and cash equivalents |
1,119,122
2,091,658
1,806,678
Trade and other payables: amounts falling due within one year |
(830,758)
(652,828)
5
975,920
1,438,830
Net current assets
Total assets less current liabilities |
1,642,036
1,160,550
1,642,036
Net assets
1,160,550
500,000
500,000
1,142,036
660,550
1,642,036
1,160,550
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Linda Boothby Director |
These financial statements were approved and authorised for issue by the Board on 18 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2022
Cocktails Limited
Notes to the Financial Statements
Statutory Information
Cocktails Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 03666205. |
Unit 11
Canklow Meadows Industrial Estate
Rotherham
S60 2XL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
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For the year ended 31 March 2022
Cocktails Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
Land and buildings
1,778,105
1,492,105
204,058
81,942
81,218
8,218
73,000
-
(146,725)
(26,850)
-
(173,575)
81,942
250,208
1,353,598
1,685,748
Provision for depreciation and impairment |
1,593,475
1,410,852
100,681
81,942
Charge for year
62,643
19,366
43,277
-
(173,576)
(146,726)
(26,850)
-
1,482,542
1,283,492
117,108
81,942
-
133,100
70,106
203,206
-
103,377
81,253
184,630
2021
2022
868,821
761,565
4. Trade and other receivables |
2021
2022
48,465
5,358
55,250
151,445
156,803
103,715
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For the year ended 31 March 2022
Cocktails Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2021
2022
12,254
28,860
Amounts owed to group undertaking and undertaking in which the company has a |
participating interest |
344,962
594,962
Taxation and social security |
248,029
167,339
47,583
39,597
652,828
830,758
6. Related party transactions |
The company is wholly owned by Cocktails Management Company Limited. At the year end, £344,962 (2021: £594,962) is owed to the |
parent company. |
7. Average number of persons employed |
During the year the average number of employees was 55 (2021 : 61)
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