NETHERTON SOFT DRINKS LIMITED

Company Registration Number:
03741630 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

NETHERTON SOFT DRINKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NETHERTON SOFT DRINKS LIMITED

Company Information

for the Period Ended 31 March 2023




Director: Stanley John Owen
Roy Robert Guest
Secretary: Stanley John Owen
Registered office: Lion House
72 Chapel Street
Netherton
West Midlands
DY2 9PN
Company Registration Number: 03741630 (England and Wales)

NETHERTON SOFT DRINKS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 814,504 943,741
Total fixed assets: 814,504 943,741
Current assets
Stocks: 0 0
Debtors: 5 81,722 48,852
Cash at bank and in hand: 5,699 6,677
Total current assets: 87,421 55,529
Creditors: amounts falling due within one year: 6 ( 114,770 ) ( 227,330 )
Net current assets (liabilities): ( 27,349 ) ( 171,801 )
Total assets less current liabilities: 787,155 771,940
Creditors: amounts falling due after more than one year: 7 ( 22,506 ) ( 35,435 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 764,649 736,505

The notes form part of these financial statements

NETHERTON SOFT DRINKS LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 8 0 0
Profit and loss account: 764,647 736,503
Shareholders funds: 764,649 736,505

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 June 2023
And Signed On Behalf Of The Board By:

Name: Stanley John Owen
Status: Director

Name: Roy Robert Guest
Status: Director

The notes form part of these financial statements

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown represents the net amounts invoiced during the year, excluding Value Added Tax

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets other than Freehold Land are stated at cost less depreciation. Depreciation is calculated so as to write off the cost less its estimated residual value of each asset over the useful economic life of that asset as follows:-
    Land & Building Freehold - straight line over 25 years
    Plant & Machinery - 25% reducing balance basis
    Fixtures & Fittings - 25% reducing balance basis
    Motor Vehicles - 25% reducing balance basis

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Fixtures & fittings Motor vehicles Total
Cost £ £ £ £
At 01 April 2022 926,796 6,966 9,979 943,741
Additions 0 0 0 0
Disposals ( 125,000 ) ( 0 ) ( 0 ) ( 125,000 )
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 March 2023 801,796 6,966 9,979 818,741
Depreciation
At 01 April 2022 - - - -
Charge for year 0 1,742 2,495 4,237
On disposals - - - -
Other adjustments - - - -
At 31 March 2023 0 1,742 2,495 4,237
Net book value
At 31 March 2023 801,796 5,224 7,484 814,504
At 31 March 2022 926,796 6,966 9,979 943,741

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors


2023
£

2022
£
Trade debtors 47,457 14,587
Prepayments and accrued income 0 0
Other debtors 34,265 34,265
Total 81,722 48,852

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 10,648 10,648
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 26,136 19,980
Taxation and social security 8,132 5,751
Accruals and deferred income 0 0
Other creditors 69,854 190,951
Total 114,770 227,330

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 22,506 32,186
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 3,249
Total 22,506 35,435

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Revaluation reserve


2023
£
Balance at 01 April 2022 0
Surplus or deficit after revaluation 0
Balance at 31 March 2023 0