IRIS Accounts Production v24.1.0.578 04939620 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049396202022-11-30049396202023-11-30049396202022-12-012023-11-30049396202021-11-30049396202021-12-012022-11-30049396202022-11-3004939620ns15:EnglandWales2022-12-012023-11-3004939620ns14:PoundSterling2022-12-012023-11-3004939620ns10:Director12022-12-012023-11-3004939620ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3004939620ns10:SmallEntities2022-12-012023-11-3004939620ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3004939620ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3004939620ns10:FullAccounts2022-12-012023-11-3004939620ns10:OrdinaryShareClass12022-12-012023-11-3004939620ns10:Director22022-12-012023-11-3004939620ns10:Director32022-12-012023-11-3004939620ns10:CompanySecretary12022-12-012023-11-3004939620ns10:RegisteredOffice2022-12-012023-11-3004939620ns5:CurrentFinancialInstruments2023-11-3004939620ns5:CurrentFinancialInstruments2022-11-3004939620ns5:ShareCapital2023-11-3004939620ns5:ShareCapital2022-11-3004939620ns5:RetainedEarningsAccumulatedLosses2023-11-3004939620ns5:RetainedEarningsAccumulatedLosses2022-11-3004939620ns5:MotorVehicles2022-12-012023-11-3004939620ns5:ComputerEquipment2022-12-012023-11-3004939620ns5:LandBuildings2022-11-3004939620ns5:PlantMachinery2022-11-3004939620ns5:FurnitureFittings2022-11-3004939620ns5:LandBuildings2022-12-012023-11-3004939620ns5:PlantMachinery2022-12-012023-11-3004939620ns5:FurnitureFittings2022-12-012023-11-3004939620ns5:LandBuildings2023-11-3004939620ns5:PlantMachinery2023-11-3004939620ns5:FurnitureFittings2023-11-3004939620ns5:LandBuildings2022-11-3004939620ns5:PlantMachinery2022-11-3004939620ns5:FurnitureFittings2022-11-3004939620ns5:MotorVehicles2022-11-3004939620ns5:ComputerEquipment2022-11-3004939620ns5:MotorVehicles2023-11-3004939620ns5:ComputerEquipment2023-11-3004939620ns5:MotorVehicles2022-11-3004939620ns5:ComputerEquipment2022-11-3004939620ns5:DeferredTaxation2022-11-3004939620ns5:DeferredTaxation2023-11-3004939620ns10:OrdinaryShareClass12023-11-3004939620ns5:RetainedEarningsAccumulatedLosses2022-11-3004939620ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 04939620 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th November 2023

for

S & F Drinks Ltd

S & F Drinks Ltd (Registered number: 04939620)






Contents of the Financial Statements
For The Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

S & F Drinks Ltd

Company Information
For The Year Ended 30th November 2023







DIRECTORS: S G Martin
Mrs F A Martin
B S Martin





SECRETARY: Mrs F A Martin





REGISTERED OFFICE: Kings Building
Hill Street
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 04939620 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

S & F Drinks Ltd (Registered number: 04939620)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,278 251,811

CURRENT ASSETS
Stocks 5 80,960 87,016
Debtors 6 56,488 55,529
Cash at bank 180,076 150,470
317,524 293,015
CREDITORS
Amounts falling due within one year 7 372,734 421,223
NET CURRENT LIABILITIES (55,210 ) (128,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,068

123,603

PROVISIONS FOR LIABILITIES 8 9,052 7,741
NET ASSETS 183,016 115,862

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 182,916 115,762
SHAREHOLDERS' FUNDS 183,016 115,862

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

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

S & F Drinks Ltd (Registered number: 04939620)

Balance Sheet - continued
30th November 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 and authorised for issue by the Board of Directors and authorised for issue on 26th February 2024 and were signed on its behalf by:





S G Martin - Director


S & F Drinks Ltd (Registered number: 04939620)

Notes to the Financial Statements
For The Year Ended 30th November 2023

1. STATUTORY INFORMATION

S & F Drinks Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

S & F Drinks Ltd (Registered number: 04939620)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st December 2022 211,069 588 24,701
Additions - - 605
At 30th November 2023 211,069 588 25,306
DEPRECIATION
At 1st December 2022 - 95 11,428
Charge for year - 74 2,024
At 30th November 2023 - 169 13,452
NET BOOK VALUE
At 30th November 2023 211,069 419 11,854
At 30th November 2022 211,069 493 13,273

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022 123,490 6,335 366,183
Additions - 3,507 4,112
At 30th November 2023 123,490 9,842 370,295
DEPRECIATION
At 1st December 2022 99,561 3,288 114,372
Charge for year 5,982 565 8,645
At 30th November 2023 105,543 3,853 123,017
NET BOOK VALUE
At 30th November 2023 17,947 5,989 247,278
At 30th November 2022 23,929 3,047 251,811

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 80,960 87,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Debtors & Prepayments 56,488 55,529

S & F Drinks Ltd (Registered number: 04939620)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 20,565 15,624
VAT 8,420 9,966
Directors' current accounts 327,961 359,670
Accrued expenses 15,788 35,963
372,734 421,223

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 9,052 7,741

Deferred
tax
£   
Balance at 1st December 2022 7,741
Timing differences 1,311
Balance at 30th November 2023 9,052

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1st December 2022 115,762
Profit for the year 69,654
Dividends (2,500 )
At 30th November 2023 182,916

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S & F Drinks Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S & F Drinks Ltd for the year ended 30th November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of S & F Drinks Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S & F Drinks Ltd and state those matters that we have agreed to state to the Board of Directors of S & F Drinks Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S & F Drinks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S & F Drinks Ltd. You consider that S & F Drinks Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S & F Drinks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


26th February 2024