2021-04-01 03666205 2022-03-31 03666205 2021-04-01 2022-03-31 03666205 2021-03-31 03666205 2020-04-01 2021-03-31 03666205 uk-core:WithinOneYear 2021-03-31 03666205 uk-core:WithinOneYear 2022-03-31 03666205 uk-core:ShareCapital 2022-03-31 03666205 uk-core:ShareCapital 2021-03-31 03666205 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 03666205 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 03666205 uk-bus:Director1 2021-04-01 2022-03-31 03666205 uk-core:LandBuildings 2021-04-01 2022-03-31 03666205 uk-core:VehiclesPlantMachinery 2021-04-01 2022-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2021-03-31 03666205 uk-core:VehiclesPlantMachinery 2021-03-31 03666205 uk-core:LandBuildings 2021-03-31 03666205 uk-core:LandBuildings 2022-03-31 03666205 uk-core:VehiclesPlantMachinery 2022-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure 03666205 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 03666205 uk-bus:FRS102 2021-04-01 2022-03-31 03666205 uk-bus:FullAccounts 2021-04-01 2022-03-31 03666205 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Cocktails Limited
Registered Number:03666205
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Cocktails Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03666205
As at 31 March 2022
Cocktails Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
203,206
184,630
2
203,206
184,630
Current assets
Inventories
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
Capital and reserves
Called up share capital
500,000
500,000
Retained earnings
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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4
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.
Registered address:
Unit 11
Canklow Meadows Industrial Estate
Rotherham
S60 2XL
The presentation currency is £ sterling.
1. Accounting policies
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
4 - 10 % Straight line
25% Straight line
Motor vehicles
15% Straight line
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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5
For the year ended 31 March 2022
Cocktails Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and buildings
£
£
£
£
Cost or valuation
At 01 April 2021
1,778,105
1,492,105
204,058
81,942
81,218
8,218
73,000
-
Additions
(146,725)
(26,850)
-
Disposals
(173,575)
At 31 March 2022
81,942
250,208
1,353,598
1,685,748
Provision for depreciation and impairment
At 01 April 2021
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)
-
On disposal
At 31 March 2022
1,482,542
1,283,492
117,108
81,942
At 31 March 2022
Net book value
-
133,100
70,106
203,206
At 31 March 2021
-
103,377
81,253
184,630
3. Inventories
2021
2022
£
£
Stocks
868,821
761,565
4. Trade and other receivables
2021
2022
£
£
Trade debtors
48,465
5,358
Other debtors
55,250
151,445
156,803
103,715
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6
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
£
£
Trade creditors
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
Other creditors
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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