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Company Registration No. 08554705 (England and Wales)
The Bath Gin Company Limited Unaudited accounts for the year ended 30 June 2023
The Bath Gin Company Limited Unaudited accounts Contents
Page
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The Bath Gin Company Limited Company Information for the year ended 30 June 2023
Directors
Thomas Meacock Rowan Meacock
Company Number
08554705 (England and Wales)
Registered Office
2-3 QUEEN STREET QUEEN STREET BATH BA1 1HE
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The Bath Gin Company Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,230 
1,230 
Tangible assets
51,716 
69,024 
Investments
200 
200 
53,146 
70,454 
Current assets
Inventories
43,912 
30,068 
Debtors
46,450 
40,994 
Cash at bank and in hand
31,746 
86,708 
122,108 
157,770 
Creditors: amounts falling due within one year
(209,340)
(182,686)
Net current liabilities
(87,232)
(24,916)
Total assets less current liabilities
(34,086)
45,538 
Creditors: amounts falling due after more than one year
(22,739)
(31,365)
Net (liabilities)/assets
(56,825)
14,173 
Capital and reserves
Called up share capital
950 
950 
Profit and loss account
(57,775)
13,223 
Shareholders' funds
(56,825)
14,173 
For the year ending 30 June 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Thomas Meacock Director Company Registration No. 08554705
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The Bath Gin Company Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
The Bath Gin Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08554705. The registered office is 2-3 QUEEN STREET, QUEEN STREET, BATH, BA1 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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The Bath Gin Company Limited Notes to the Accounts for the year ended 30 June 2023
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
1,230 
At 30 June 2023
1,230 
Amortisation
At 1 July 2022
- 
At 30 June 2023
- 
Net book value
At 30 June 2023
1,230 
At 30 June 2022
1,230 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
25,631 
82,165 
19,445 
56,065 
14,723 
198,029 
Additions
- 
515 
- 
- 
- 
515 
Disposals
- 
- 
- 
(585)
- 
(585)
At 30 June 2023
25,631 
82,680 
19,445 
55,480 
14,723 
197,959 
Depreciation
At 1 July 2022
19,863 
53,298 
4,861 
41,302 
9,681 
129,005 
Charge for the year
1,442 
7,345 
3,646 
3,545 
1,260 
17,238 
At 30 June 2023
21,305 
60,643 
8,507 
44,847 
10,941 
146,243 
Net book value
At 30 June 2023
4,326 
22,037 
10,938 
10,633 
3,782 
51,716 
At 30 June 2022
5,768 
28,867 
14,584 
14,763 
5,042 
69,024 
6
Investments
Other investments 
£ 
Valuation at 1 July 2022
200 
Valuation at 30 June 2023
200 
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The Bath Gin Company Limited Notes to the Accounts for the year ended 30 June 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,496 
25,898 
Accrued income and prepayments
8,876 
9,763 
Other debtors
745 
- 
41,117 
35,661 
Amounts falling due after more than one year
Other debtors
5,333 
5,333 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
30,374 
17,994 
Obligations under finance leases and hire purchase contracts
(461)
- 
Trade creditors
27,657 
41,560 
Taxes and social security
3,069 
3,420 
Other creditors
104,376 
46,989 
Loans from directors
32,677 
43,372 
Accruals
1,000 
18,703 
209,340 
182,686 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,739 
31,365 
10
Transactions with related parties
As at the balance sheet date the company owed £104,366 (2022 - £46,500) to a company related by virtue of its directors. The loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 15 (2022: 15).
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