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REGISTERED NUMBER: 04012202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CASK WIDGE CELLAR EQUIPMENT LIMITED

CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASK WIDGE CELLAR EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Ms C Perkins
Miss L Perkins





SECRETARY: Ms C Perkins





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 04012202 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 487 2,041
Tangible assets 5 3,506 4,653
3,993 6,694

CURRENT ASSETS
Stocks 6 38,668 28,808
Debtors 7 576,765 610,582
Cash at bank 122,845 157,762
738,278 797,152
CREDITORS
Amounts falling due within one year 8 56,908 68,570
NET CURRENT ASSETS 681,370 728,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,363

735,276

CREDITORS
Amounts falling due after more than one
year

9

33,811

38,977
NET ASSETS 651,552 696,299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 651,452 696,199
SHAREHOLDERS' FUNDS 651,552 696,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)

BALANCE SHEET - continued
30 JUNE 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 14 March 2024 and were signed on its behalf by:





Ms C Perkins - Director


CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Cask Widge Cellar Equipment Limited 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks 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 balance sheet date.

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 ) .

CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2022
and 30 June 2023 7,770
AMORTISATION
At 1 July 2022 5,729
Amortisation for year 1,554
At 30 June 2023 7,283
NET BOOK VALUE
At 30 June 2023 487
At 30 June 2022 2,041

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 30,103 8,599 38,702
DEPRECIATION
At 1 July 2022 27,247 6,802 34,049
Charge for year 697 450 1,147
At 30 June 2023 27,944 7,252 35,196
NET BOOK VALUE
At 30 June 2023 2,159 1,347 3,506
At 30 June 2022 2,856 1,797 4,653

6. STOCKS
2023 2022
£    £   
Stocks 38,668 28,808

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,076 50,489
Other debtors 133,287 137,311
Directors' loan accounts 410,114 422,494
Prepayments 288 288
576,765 610,582

CASK WIDGE CELLAR EQUIPMENT LIMITED (REGISTERED NUMBER: 04012202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 22,225 17,452
Tax 9,871 19,337
Social security and other taxes 474 421
VAT 17,063 24,204
Accrued expenses 1,719 1,600
56,908 68,570

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 11,588 16,754
33,811 38,977

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,588 16,754

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Ms C Perkins
Balance outstanding at start of year 422,494 601,339
Amounts advanced 179,338 227,764
Amounts repaid (191,718 ) (406,609 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 410,114 422,494

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

The company paid rent amounting to £7,926 (2022: £5,537) to her as a result of utilising office space within her home.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C Perkins.

This was by virtue of her 80% holding of the ordinary share capital.