Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseNo description of principal activity2012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10841422 2022-07-01 2023-06-30 10841422 2021-07-01 2022-06-30 10841422 2023-06-30 10841422 2022-06-30 10841422 c:Director1 2022-07-01 2023-06-30 10841422 c:Director2 2022-07-01 2023-06-30 10841422 c:Director2 2023-06-30 10841422 c:RegisteredOffice 2022-07-01 2023-06-30 10841422 d:PlantMachinery 2022-07-01 2023-06-30 10841422 d:PlantMachinery 2023-06-30 10841422 d:PlantMachinery 2022-06-30 10841422 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10841422 d:MotorVehicles 2022-07-01 2023-06-30 10841422 d:MotorVehicles 2023-06-30 10841422 d:MotorVehicles 2022-06-30 10841422 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10841422 d:ComputerEquipment 2022-07-01 2023-06-30 10841422 d:ComputerEquipment 2023-06-30 10841422 d:ComputerEquipment 2022-06-30 10841422 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10841422 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10841422 d:CurrentFinancialInstruments 2023-06-30 10841422 d:CurrentFinancialInstruments 2022-06-30 10841422 d:Non-currentFinancialInstruments 2023-06-30 10841422 d:Non-currentFinancialInstruments 2022-06-30 10841422 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10841422 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10841422 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10841422 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10841422 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10841422 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 10841422 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10841422 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 10841422 d:ShareCapital 2023-06-30 10841422 d:ShareCapital 2022-06-30 10841422 d:SharePremium 2023-06-30 10841422 d:SharePremium 2022-06-30 10841422 d:RetainedEarningsAccumulatedLosses 2023-06-30 10841422 d:RetainedEarningsAccumulatedLosses 2022-06-30 10841422 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10841422 c:OrdinaryShareClass1 2023-06-30 10841422 c:OrdinaryShareClass1 2022-06-30 10841422 c:OrdinaryShareClass2 2022-07-01 2023-06-30 10841422 c:OrdinaryShareClass2 2023-06-30 10841422 c:OrdinaryShareClass2 2022-06-30 10841422 c:FRS102 2022-07-01 2023-06-30 10841422 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10841422 c:FullAccounts 2022-07-01 2023-06-30 10841422 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10841422 d:WithinOneYear 2023-06-30 10841422 d:WithinOneYear 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10841422









CALEÑO DRINKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CALEÑO DRINKS LTD
 
 
COMPANY INFORMATION


Directors
E Webb 
M Hancock (resigned 30 June 2023)




Registered number
10841422



Registered office
Clockwise Bristol Generator Building
Finzels Reach

Counterslip

Bristol

England

BS1 6BX




Accountants
Donald Reid Limited
Chartered Accountants

Prince Albert House

20 King Street

Maidenhead

Berkshire

SL6 1DT





 
CALEÑO DRINKS LTD
REGISTERED NUMBER: 10841422

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
46,344
56,645

  
46,344
56,645

Current assets
  

Stocks
 5 
492,474
422,088

Debtors
 6 
375,666
385,052

Cash at bank and in hand
 7 
928,668
1,052,058

  
1,796,808
1,859,198

Creditors: amounts falling due within one year
 8 
(329,835)
(441,230)

Net current assets
  
 
 
1,466,973
 
 
1,417,968

Total assets less current liabilities
  
1,513,317
1,474,613

Creditors: amounts falling due after more than one year
 9 
(24,111)
(34,022)

  

Net assets
  
1,489,206
1,440,591


Capital and reserves
  

Called up share capital 
 11 
8
5

Share premium account
  
7,792,732
5,323,735

Profit and loss account
  
(6,303,534)
(3,883,149)

  
1,489,206
1,440,591


Page 1

 
CALEÑO DRINKS LTD
REGISTERED NUMBER: 10841422
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers 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 director acknowledges her 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 income and retained earnings 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 on 12 March 2024.




E Webb
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Caleño Drinks Ltd is a private company limited by shares. The company is incorporated in the United Kingdom and is registered in England and Wales. The company registration number is 10841422. The company's registered office address is Clockwise Bristol Generator Building, Finzels Reach, Counterslip, Bristol, England, BS1 6BX.

2.Accounting policies

 
2.1

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:

 
2.2

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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 income and retained earnings in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
20%
Computer equipment
-
25%

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.

 
2.8

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 weighted average basis.
At each balance sheet 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.

 
2.9

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.

 
2.10

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.

Page 5

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the
Page 6

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - 12).

Page 7

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
2,712
47,890
15,072
65,674


Additions
-
-
4,199
4,199



At 30 June 2023

2,712
47,890
19,271
69,873



Depreciation


At 1 July 2022
859
2,395
5,775
9,029


Charge for the year on owned assets
542
9,578
4,380
14,500



At 30 June 2023

1,401
11,973
10,155
23,529



Net book value



At 30 June 2023
1,311
35,917
9,116
46,344



At 30 June 2022
1,853
45,495
9,297
56,645


5.


Stocks

2023
2022
£
£

Stocks
492,474
422,088

492,474
422,088


Page 8

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors


2023
2022
£
£



Trade debtors
293,220
235,568

Other debtors
30,131
109,738

Prepayments and accrued income
52,315
39,746

375,666
385,052



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
928,668
1,052,058

928,668
1,052,058



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,911
9,666

Trade creditors
142,045
252,827

Other taxation and social security
32,151
27,780

Other creditors
25,582
3,671

Accruals and deferred income
120,146
147,286

329,835
441,230



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,111
34,022

24,111
34,022


Page 9

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,911
9,666


9,911
9,666

Amounts falling due 1-2 years

Bank loans
10,162
9,911


10,162
9,911

Amounts falling due 2-5 years

Bank loans
13,949
24,111


13,949
24,111


34,022
43,688



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



125,000 (2022 - 125,000) Ordinary Shares of £0.000001 each
0.13
0.13
7,930,000 (2022 - 5,330,000) Preference Shares of £0.000001 each
7.93
5.33

8.06

5.46


During the year 2,600,000 Preference shares with a nominal value of £0.000001 per share totalling £2.60 were issued for a total consideration of £2,600,000.

Page 10

 
CALEÑO DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £67,281 (2022: £24,308). Contributions totalling £5,458 (2022: £3,483) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
5,160

-
5,160


14.


Related party transactions

At the year end, included in other creditors is an amount of £50 (2022: £50) owed to the director by the company.

Page 11