IRIS Accounts Production v24.2.0.383 10304848 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103048482022-08-31103048482023-08-31103048482022-09-012023-08-31103048482021-08-31103048482021-09-012022-08-31103048482022-08-3110304848ns15:EnglandWales2022-09-012023-08-3110304848ns14:PoundSterling2022-09-012023-08-3110304848ns10:Director12022-09-012023-08-3110304848ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110304848ns10:SmallEntities2022-09-012023-08-3110304848ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3110304848ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110304848ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110304848ns10:FullAccounts2022-09-012023-08-3110304848ns10:RegisteredOffice2022-09-012023-08-3110304848ns5:CurrentFinancialInstruments2023-08-3110304848ns5:CurrentFinancialInstruments2022-08-3110304848ns5:Non-currentFinancialInstruments2023-08-3110304848ns5:Non-currentFinancialInstruments2022-08-3110304848ns5:ShareCapital2023-08-3110304848ns5:ShareCapital2022-08-3110304848ns5:SharePremium2023-08-3110304848ns5:SharePremium2022-08-3110304848ns5:RetainedEarningsAccumulatedLosses2023-08-3110304848ns5:RetainedEarningsAccumulatedLosses2022-08-3110304848ns5:ComputerEquipment2022-09-012023-08-3110304848ns5:ComputerEquipment2022-08-3110304848ns5:ComputerEquipment2023-08-3110304848ns5:ComputerEquipment2022-08-3110304848ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110304848ns5:WithinOneYearns5:CurrentFinancialInstruments2022-08-3110304848ns5:CurrentFinancialInstruments2022-09-012023-08-3110304848ns5:Non-currentFinancialInstruments2022-09-012023-08-31
REGISTERED NUMBER: 10304848 (England and Wales)















The Cocktail Man Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






The Cocktail Man Limited (Registered number: 10304848)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Cocktail Man Limited

Company Information
for the year ended 31 August 2023







Director: B T Mckeown





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10304848 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

The Cocktail Man Limited (Registered number: 10304848)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 3 863 2,580

Current assets
Stocks 81,232 113,622
Debtors 4 1,076 55,938
Cash at bank 6,626 85,063
88,934 254,623
Creditors
Amounts falling due within one year 5 112,742 185,226
Net current (liabilities)/assets (23,808 ) 69,397
Total assets less current liabilities (22,945 ) 71,977

Creditors
Amounts falling due after more than one
year

6

419,644

292,140
Net liabilities (442,589 ) (220,163 )

Capital and reserves
Called up share capital 7 178 178
Share premium 544,922 544,922
Retained earnings (987,689 ) (765,263 )
Shareholders' funds (442,589 ) (220,163 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:




B T Mckeown - Director


The Cocktail Man Limited (Registered number: 10304848)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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 represents amounts receivable for goods provided in the year and is stated net of VAT.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash and cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


The Cocktail Man Limited (Registered number: 10304848)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


1. Accounting policies - continued
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Going concern
The directors have reasonable expectations that the limited liability partnership has adequate resources to continue operations for the foreseeable future, and with the continued support from the shareholder. For this reason, we are continuing to adopt the going concern basis in preparing the financial statements for the year ended 31 August 2022. We have reached this conclusion having regard to circumstances that may occur during a period of at least one year from the approval of these accounts.

2. Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

3. Tangible fixed assets
Computer
equipment
£
Cost
At 1 September 2022
and 31 August 2023 6,868
Depreciation
At 1 September 2022 4,288
Charge for year 1,717
At 31 August 2023 6,005
Net book value
At 31 August 2023 863
At 31 August 2022 2,580

4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,076 1,990
Other debtors - 53,948
1,076 55,938

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 47
Trade creditors 64,946 135,425
Taxation and social security 2,815 1,304
Other creditors 44,981 48,450
112,742 185,226

The Cocktail Man Limited (Registered number: 10304848)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


5. Creditors: amounts falling due within one year - continued

Included within creditors due within one year is a loan which is secured by way of a fixed and floating charge on the assets of the company.

6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 419,644 292,140

Amounts falling due in more than five years:

Repayable by instalments
Other long-term loans 380,000 250,000

Included within creditors falling due after more than one year is a loan which is secured by way of a fixed and floating charge on the assets of the company.

7. Called up share capital

Allotted, issued and fully paid Nominal
Number: Class: Value: 2023 2022
£ £

17,780 Ordinary £0.01 178 178