2022-04-01 03666205 2023-03-31 03666205 2022-04-01 2023-03-31 03666205 2022-03-31 03666205 2021-04-01 2022-03-31 03666205 uk-core:WithinOneYear 2022-03-31 03666205 uk-core:WithinOneYear 2023-03-31 03666205 uk-core:ShareCapital 2023-03-31 03666205 uk-core:ShareCapital 2022-03-31 03666205 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 03666205 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 03666205 uk-bus:Director1 2022-04-01 2023-03-31 03666205 uk-core:LandBuildings 2022-04-01 2023-03-31 03666205 uk-core:VehiclesPlantMachinery 2022-04-01 2023-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2022-03-31 03666205 uk-core:VehiclesPlantMachinery 2022-03-31 03666205 uk-core:LandBuildings 2022-03-31 03666205 uk-core:LandBuildings 2023-03-31 03666205 uk-core:VehiclesPlantMachinery 2023-03-31 03666205 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure 03666205 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03666205 uk-bus:FRS102 2022-04-01 2023-03-31 03666205 uk-bus:FullAccounts 2022-04-01 2023-03-31 03666205 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Cocktails Limited
Registered Number:03666205
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Cocktails Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03666205
As at 31 March 2023
Cocktails Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
156,403
203,206
2
156,403
203,206
Current assets
Inventories
868,821
898,015
3
Trade and other receivables
103,715
220,723
4
1,119,122
Cash and cash equivalents
1,268,217
2,386,955
2,091,658
Trade and other payables: amounts falling due within one year
(652,828)
(1,127,481)
5
1,438,830
1,259,474
Net current assets
Total assets less current liabilities
1,415,877
1,642,036
1,415,877
Net assets
1,642,036
Capital and reserves
Called up share capital
500,000
500,000
Retained earnings
915,877
1,142,036
1,415,877
1,642,036
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Linda Boothby Director
These financial statements were approved and authorised for issue by the Board on 03 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Cocktails Limited
Notes to the Financial Statements
Statutory Information
Cocktails Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 03666205.
Registered address:
Unit 11
Canklow Meadows Industrial Estate
Rotherham
S60 2XL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
4 - 10 % Straight line
25% Straight line
Motor vehicles
15% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
For the year ended 31 March 2023
Cocktails Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and buildings
£
£
£
£
Cost or valuation
At 01 April 2022
1,685,748
1,353,598
250,208
81,942
18,456
18,456
-
-
Additions
(123,694)
(12,866)
(36,734)
Disposals
(173,294)
At 31 March 2023
45,208
237,342
1,248,360
1,530,910
Provision for depreciation and impairment
At 01 April 2022
1,482,542
1,283,492
117,108
81,942
Charge for year
65,260
21,983
43,277
-
(173,295)
(123,694)
(12,867)
(36,734)
On disposal
At 31 March 2023
1,374,507
1,181,781
147,518
45,208
At 31 March 2023
Net book value
-
89,824
66,579
156,403
At 31 March 2022
-
133,100
70,106
203,206
3. Inventories
2022
2023
£
£
Stocks
898,015
868,821
4. Trade and other receivables
2022
2023
£
£
Trade debtors
69,239
48,465
Other debtors
151,484
55,250
103,715
220,723
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6
For the year ended 31 March 2023
Cocktails Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
78,841
12,254
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
819,462
344,962
Taxation and social security
212,255
248,029
Other creditors
16,923
47,583
1,127,481
652,828
6. Related party transactions
The company is wholly owned by Cocktails Management Company Limited. At the year end, £819,462 (2022: £344,962) is owed to the
parent company.
7. Average number of persons employed
During the year the average number of employees was 55 (2022 : 55)
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