Cork and Bottle Ltd 09387743 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of publican. Digita Accounts Production Advanced 6.30.9574.0 true true 09387743 2022-03-01 2023-02-28 09387743 2023-02-28 09387743 core:RetainedEarningsAccumulatedLosses 2023-02-28 09387743 core:ShareCapital 2023-02-28 09387743 core:CurrentFinancialInstruments 2023-02-28 09387743 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09387743 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 09387743 core:FurnitureFittings 2023-02-28 09387743 core:PlantMachinery 2023-02-28 09387743 bus:SmallEntities 2022-03-01 2023-02-28 09387743 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09387743 bus:FullAccounts 2022-03-01 2023-02-28 09387743 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 09387743 bus:RegisteredOffice 2022-03-01 2023-02-28 09387743 bus:Director1 2022-03-01 2023-02-28 09387743 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09387743 core:FurnitureFittings 2022-03-01 2023-02-28 09387743 core:PlantMachinery 2022-03-01 2023-02-28 09387743 countries:EnglandWales 2022-03-01 2023-02-28 09387743 2022-02-28 09387743 core:FurnitureFittings 2022-02-28 09387743 core:PlantMachinery 2022-02-28 09387743 2021-03-01 2022-02-28 09387743 2022-02-28 09387743 core:RetainedEarningsAccumulatedLosses 2022-02-28 09387743 core:ShareCapital 2022-02-28 09387743 core:CurrentFinancialInstruments 2022-02-28 09387743 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 09387743 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 09387743 core:FurnitureFittings 2022-02-28 09387743 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 09387743

Cork and Bottle Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Cork and Bottle Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Cork and Bottle Ltd

Company Information

Director

S Billington

Registered office

Frog Pool Farm
Moorwood
Oakhill
Radstock
Somerset
BA3 5BN

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Cork and Bottle Ltd

(Registration number: 09387743)
Balance Sheet
28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

20,680

33,166

Current assets

 

Stocks

5

20,680

15,539

Debtors

6

7,315

6,405

Cash at bank and in hand

 

801,043

644,388

 

829,038

666,332

Creditors: Amounts falling due within one year

7

(96,417)

(65,521)

Net current assets

 

732,621

600,811

Total assets less current liabilities

 

753,301

633,977

Creditors: Amounts falling due after more than one year

7

(789,575)

(866,432)

Net liabilities

 

(36,274)

(232,455)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(36,374)

(232,555)

Shareholders' deficit

 

(36,274)

(232,455)

 

Cork and Bottle Ltd

(Registration number: 09387743)
Balance Sheet
28 February 2023

For the financial year ending 28 February 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 her 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 has been taken.

Approved and authorised by the director on 1 November 2023
 



S Billington
Director

 

Cork and Bottle Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Frog Pool Farm
Moorwood
Oakhill
Radstock
Somerset
BA3 5BN
United Kingdom

These financial statements were authorised for issue by the director on 1 November 2023.

2

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 due to the ongoing support of the director. No repayments of the directors loan account will take place for the forseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received for the sale of goods in the ordinary course of the company’s activities and is shown net of value added tax.

 

Cork and Bottle Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% straight line

Plant and machinery

20% straight line

Trade debtors

Trade debtors are amounts due from customers for sales made in the ordinary course of business and are recognised at the transaction price.

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. 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Cork and Bottle Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 40 (2022 - 43).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

374,720

123,958

498,678

Additions

1,535

-

1,535

At 28 February 2023

376,255

123,958

500,213

Depreciation

At 1 March 2022

364,589

100,923

465,512

Charge for the year

4,942

9,079

14,021

At 28 February 2023

369,531

110,002

479,533

Carrying amount

At 28 February 2023

6,724

13,956

20,680

At 28 February 2022

10,131

23,035

33,166

5

Stocks

2023
£

2022
£

Other inventories

20,680

15,539

6

Debtors

2023
£

2022
£

Trade debtors

7,315

6,405

7,315

6,405

 

Cork and Bottle Ltd

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

33,105

26,432

Taxation and social security

 

56,560

36,053

Other creditors

 

6,752

3,036

 

96,417

65,521

Due after one year

 

Loans and borrowings

789,575

866,432

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

789,575

866,432

The directors loan of £789,575 is interest free and has no fixed date for repayment but the director will not seek repayment in the near future.