Company registration number 12054210 (England and Wales)
Tame & Wild Drinks Limited
Unaudited
Financial Statements
for the year ended 31 March 2022
PAGES FOR FILING WITH REGISTRAR
Tame & Wild Drinks Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Tame & Wild Drinks Limited
Statement of financial position
as at 31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
3
11,241
11,241
Current assets
Stocks
35,341
77,523
Debtors
4
53,660
35,312
Cash at bank and in hand
9,410
2,949
98,411
115,784
Creditors: amounts falling due within one year
5
(220,803)
(216,948)
Net current liabilities
(122,392)
(101,164)
Net liabilities
(111,151)
(89,923)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(111,152)
(89,924)
Total equity
(111,151)
(89,923)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 September 2022
A Makin-Jones
Director
Company Registration No. 12054210
Tame & Wild Drinks Limited
Notes to the financial statements
for the year ended 31 March 2022
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised on the sale of goods to the customer.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Development costs
Not yet amortised
Stocks
Stocks are valued at the lower of cost and net realisable value.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was nil.
2022
2021
Number
Number
Total
Tame & Wild Drinks Limited
Notes to the financial statements (continued)
for the year ended 31 March 2022
- 3 -
3
Intangible fixed assets
Development costs
£
Cost
At 1 April 2021 and 31 March 2022
11,241
Amortisation and impairment
At 1 April 2021 and 31 March 2022
Carrying amount
At 31 March 2022
11,241
At 31 March 2021
11,241
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
27,016
1,067
Other debtors
26,644
34,245
53,660
35,312
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
5,820
27,259
Amounts owed to participating interest
205,854
187,516
Taxation and social security
7,414
Other creditors
1,715
2,173
220,803
216,948
6
Control
The company was under the control of the director throughout the year.
7
Company information
Tame & Wild Drinks Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sturton Grange, Ridge Road, Micklefield, Leeds, West Yorkshire, LS25 4DZ.