The Green Shed Cider Company Limited 11150014 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is cider making. Digita Accounts Production Advanced 6.30.9574.0 true true 11150014 2022-02-01 2023-01-31 11150014 2023-01-31 11150014 bus:OrdinaryShareClass1 2023-01-31 11150014 bus:Revised 2023-01-31 11150014 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11150014 core:OtherPropertyPlantEquipment 2023-01-31 11150014 bus:SmallEntities 2022-02-01 2023-01-31 11150014 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11150014 bus:FullAccounts 2022-02-01 2023-01-31 11150014 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11150014 bus:RegisteredOffice 2022-02-01 2023-01-31 11150014 bus:Director1 2022-02-01 2023-01-31 11150014 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 11150014 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11150014 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 11150014 countries:AllCountries 2022-02-01 2023-01-31 11150014 2022-01-31 11150014 core:OtherPropertyPlantEquipment 2022-01-31 11150014 2021-02-01 2022-01-31 11150014 2022-01-31 11150014 bus:OrdinaryShareClass1 2022-01-31 11150014 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11150014 core:OtherPropertyPlantEquipment 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11150014

The Green Shed Cider Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

The Green Shed Cider Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

The Green Shed Cider Company Limited

Company Information

Director

Mr David Bailey

Registered office

100 Craven Road
Newbury
Berkshire
RG14 5NP

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

The Green Shed Cider Company Limited

(Registration number: 11150014)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

3,100

2,188

Current assets

 

Stocks

1,667

1,380

Creditors: Amounts falling due within one year

(5,549)

(5,077)

Net current liabilities

 

(3,882)

(3,697)

Net liabilities

 

(782)

(1,509)

Capital and reserves

 

Called up share capital

4

1

1

Retained earnings

(783)

(1,510)

Shareholders' deficit

 

(782)

(1,509)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 2 October 2023
 

.........................................
Mr David Bailey
Director

 

The Green Shed Cider Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

The Green Shed Cider Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

The Green Shed Cider Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2022

2,688

2,688

Additions

1,152

1,152

At 31 January 2023

3,840

3,840

Depreciation

At 1 February 2022

500

500

Charge for the year

240

240

At 31 January 2023

740

740

Carrying amount

At 31 January 2023

3,100

3,100

At 31 January 2022

2,188

2,188

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1