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REGISTERED NUMBER: 10049270 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NORWICH DRY GIN COMPANY LTD

NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NORWICH DRY GIN COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S Melton
Mrs A R Melton





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 10049270 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 66,393 84,819

CURRENT ASSETS
Inventories 5 32,636 23,159
Debtors 6 29,224 24,892
Cash at bank and in hand 61,472 92,437
123,332 140,488
CREDITORS
Amounts falling due within one year 7 77,297 97,011
NET CURRENT ASSETS 46,035 43,477
TOTAL ASSETS LESS CURRENT LIABILITIES 112,428 128,296

CREDITORS
Amounts falling due after more than one
year

8

(22,503

)

(32,505

)

PROVISIONS FOR LIABILITIES (12,614 ) (16,198 )
NET ASSETS 77,311 79,593

CAPITAL AND RESERVES
Called up share capital 9 111 111
Share premium 1,806 1,806
Retained earnings 75,394 77,676
SHAREHOLDERS' FUNDS 77,311 79,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





Mrs A R Melton - Director


NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Norwich Dry Gin Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts were prepared on a going concern basis, however as of the preparation date the company is now solvent.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 71,397 11,617 49,447 5,640 138,101
Additions 129 552 - - 681
At 31 March 2023 71,526 12,169 49,447 5,640 138,782
DEPRECIATION
At 1 April 2022 42,785 6,620 576 3,301 53,282
Charge for year 4,288 1,311 12,217 1,291 19,107
At 31 March 2023 47,073 7,931 12,793 4,592 72,389
NET BOOK VALUE
At 31 March 2023 24,453 4,238 36,654 1,048 66,393
At 31 March 2022 28,612 4,997 48,871 2,339 84,819

5. INVENTORIES
2023 2022
£    £   
Stocks 32,636 23,159

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,283 23,562
Prepayments 941 1,330
29,224 24,892

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,534 214
Corporation tax 3,042 5,040
Social security and other taxes 314 717
Net wages 3,716 5,099
Pension payable 142 86
VAT 11,041 10,467
Other creditors - 800
Directors' current accounts 42,508 64,588
77,297 97,011

NORWICH DRY GIN COMPANY LTD (REGISTERED NUMBER: 10049270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,503 22,505
22,503 32,505

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
11 Ordinary C £1 11 11
111 111

10. ULTIMATE CONTROLLING PARTY

By way of their equal shareholding, Mrs A Melton and Mr S Melton share joint control of the company.