Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-04-01false77truetrue 08911649 2022-04-01 2023-03-31 08911649 2021-04-01 2022-03-31 08911649 2023-03-31 08911649 2022-03-31 08911649 c:Director2 2022-04-01 2023-03-31 08911649 d:FurnitureFittings 2022-04-01 2023-03-31 08911649 d:FurnitureFittings 2023-03-31 08911649 d:FurnitureFittings 2022-03-31 08911649 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08911649 d:ComputerEquipment 2022-04-01 2023-03-31 08911649 d:ComputerEquipment 2023-03-31 08911649 d:ComputerEquipment 2022-03-31 08911649 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08911649 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08911649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08911649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 08911649 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 08911649 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-03-31 08911649 d:CurrentFinancialInstruments 2023-03-31 08911649 d:CurrentFinancialInstruments 2022-03-31 08911649 d:Non-currentFinancialInstruments 2023-03-31 08911649 d:Non-currentFinancialInstruments 2022-03-31 08911649 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08911649 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08911649 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08911649 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08911649 d:ShareCapital 2023-03-31 08911649 d:ShareCapital 2022-03-31 08911649 d:SharePremium 2023-03-31 08911649 d:SharePremium 2022-03-31 08911649 d:RetainedEarningsAccumulatedLosses 2023-03-31 08911649 d:RetainedEarningsAccumulatedLosses 2022-03-31 08911649 c:FRS102 2022-04-01 2023-03-31 08911649 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08911649 c:FullAccounts 2022-04-01 2023-03-31 08911649 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08911649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 08911649 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-04-01 2023-03-31 08911649 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08911649









MELIUS DRINKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
MELIUS DRINKS LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 
MELIUS DRINKS LIMITED
REGISTERED NUMBER: 08911649

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 3 
9,818
10,394

Tangible assets
 4 
2,340
6,173

  
12,158
16,567

Current assets
  

Stocks
 5 
-
113,991

Debtors: amounts falling due within one year
 6 
17,402
17,135

Cash at bank and in hand
 7 
2,427
33,826

  
19,829
164,952

Creditors: amounts falling due within one year
 8 
(184,305)
(200,091)

Net current liabilities
  
 
 
(164,476)
 
 
(35,139)

Total assets less current liabilities
  
(152,318)
(18,572)

Creditors: amounts falling due after more than one year
 9 
(22,001)
(27,000)

Net liabilities
  
(174,319)
(45,572)


Capital and reserves
  

Called up share capital 
  
40,681
40,681

Share premium account
  
1,514,154
1,514,154

Profit and loss account
  
(1,729,154)
(1,600,407)

  
(174,319)
(45,572)


Page 1

 
MELIUS DRINKS LIMITED
REGISTERED NUMBER: 08911649
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Fairbrother
Director

Date: 9 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

The directors are of the opinion that they will be able to raise and provide financial support to the company, which will have sufficient funds to meet its obligations. Accordingly, the directors considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the company was unable to continue as a going concern.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
1.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing Balance method
Computer equipment
-
25%
Straight Line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)

 
1.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 5

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Intangible assets




Development
Trademarks
Total

£
£
£



Cost


At 1 April 2022
30,420
13,554
43,974



At 31 March 2023

30,420
13,554
43,974



Amortisation


At 1 April 2022
30,214
3,365
33,579


Charge for the year on owned assets
68
509
577



At 31 March 2023

30,282
3,874
34,156



Net book value



At 31 March 2023
138
9,680
9,818



At 31 March 2022
205
10,189
10,394



Page 6

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
26,684
11,314
37,998



At 31 March 2023

26,684
11,314
37,998



Depreciation


At 1 April 2022
20,511
11,315
31,826


Charge for the year on owned assets
1,543
2,289
3,832



At 31 March 2023

22,054
13,604
35,658



Net book value



At 31 March 2023
4,630
(2,290)
2,340



At 31 March 2022
6,174
(1)
6,173


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
-
113,991

-
113,991



6.


Debtors

2023
2022
£
£

Trade debtors
12,530
13,795

Other debtors
3,883
3,340

Prepayments and accrued income
989
-

17,402
17,135


Page 7

 
MELIUS DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,427
33,826



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
920
23,328

Other taxation and social security
-
1,910

Other creditors
181,385
172,853

Accruals and deferred income
2,000
2,000

184,305
200,091



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,001
27,000


 
Page 8