Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311202023-01-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14118603 2023-01-01 2023-12-31 14118603 2022-01-01 2022-12-31 14118603 2023-12-31 14118603 2022-12-31 14118603 c:Director1 2023-01-01 2023-12-31 14118603 c:Director3 2023-01-01 2023-12-31 14118603 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 14118603 d:Buildings d:LongLeaseholdAssets 2023-12-31 14118603 d:Buildings d:LongLeaseholdAssets 2022-12-31 14118603 d:FurnitureFittings 2023-01-01 2023-12-31 14118603 d:FurnitureFittings 2023-12-31 14118603 d:FurnitureFittings 2022-12-31 14118603 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14118603 d:OfficeEquipment 2023-01-01 2023-12-31 14118603 d:OfficeEquipment 2023-12-31 14118603 d:OfficeEquipment 2022-12-31 14118603 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14118603 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14118603 d:CurrentFinancialInstruments 2023-12-31 14118603 d:CurrentFinancialInstruments 2022-12-31 14118603 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14118603 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14118603 d:ShareCapital 2023-12-31 14118603 d:ShareCapital 2022-12-31 14118603 d:SharePremium 2023-12-31 14118603 d:SharePremium 2022-12-31 14118603 d:RetainedEarningsAccumulatedLosses 2023-12-31 14118603 d:RetainedEarningsAccumulatedLosses 2022-12-31 14118603 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 14118603 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 14118603 c:OrdinaryShareClass1 2023-01-01 2023-12-31 14118603 c:OrdinaryShareClass1 2023-12-31 14118603 c:OrdinaryShareClass1 2022-12-31 14118603 c:OrdinaryShareClass2 2023-01-01 2023-12-31 14118603 c:OrdinaryShareClass2 2023-12-31 14118603 c:OrdinaryShareClass2 2022-12-31 14118603 c:OrdinaryShareClass3 2023-01-01 2023-12-31 14118603 c:OrdinaryShareClass3 2023-12-31 14118603 c:OrdinaryShareClass3 2022-12-31 14118603 c:OrdinaryShareClass4 2023-01-01 2023-12-31 14118603 c:OrdinaryShareClass4 2023-12-31 14118603 c:OrdinaryShareClass4 2022-12-31 14118603 c:OrdinaryShareClass5 2023-01-01 2023-12-31 14118603 c:OrdinaryShareClass5 2023-12-31 14118603 c:OrdinaryShareClass5 2022-12-31 14118603 c:FRS102 2023-01-01 2023-12-31 14118603 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14118603 c:FullAccounts 2023-01-01 2023-12-31 14118603 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14118603 2 2023-01-01 2023-12-31 14118603 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14118603









OXFORDSHIRE DRINKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OXFORDSHIRE DRINKS LTD
REGISTERED NUMBER: 14118603

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
137,281
41,856

  
137,281
41,856

Current assets
  

Stocks
 5 
18,411
-

Debtors: amounts falling due within one year
 6 
68,902
118,232

Cash at bank and in hand
 7 
1,705
150,864

  
89,018
269,096

Creditors: amounts falling due within one year
 8 
(86,953)
(90,749)

Net current assets
  
 
 
2,065
 
 
178,347

Total assets less current liabilities
  
139,346
220,203

  

Net assets
  
139,346
220,203


Capital and reserves
  

Called up share capital 
 10 
72,123
72,123

Share premium account
  
217,877
217,877

Profit and loss account
  
(150,654)
(69,797)

  
139,346
220,203


Page 1

 
OXFORDSHIRE DRINKS LTD
REGISTERED NUMBER: 14118603
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 3 September 2024.




G Woodward
M Jelley
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Oxfordshire Drinks Limited, company registration 14118603 registered in England and Wales.
Registered Office; 5 Mead Lane, Witney, England, OX28 1YD.
The company's principal activity is that of public houses and bars.

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

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.

 
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.

Page 4

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight Line over the 10 year lease
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
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.

Page 5

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 0).

Page 6

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
40,816
1,041
-
41,857


Additions
80,192
8,840
11,425
100,457



At 31 December 2023

121,008
9,881
11,425
142,314



Depreciation


At 1 January 2023
-
1
-
1


Charge for the year on owned assets
2,224
1,005
1,803
5,032



At 31 December 2023

2,224
1,006
1,803
5,033



Net book value



At 31 December 2023
118,784
8,875
9,622
137,281



At 31 December 2022
40,816
1,040
-
41,856


5.


Stocks

2023
2022
£
£

Raw materials and consumables
18,411
-

18,411
-


Page 7

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
16,162
75,732

Prepayments and accrued income
52,740
42,500

68,902
118,232



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,705
150,864

1,705
150,864



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
56,867
53,799

Other taxation and social security
6,726
-

Other creditors
9,389
36,950

Accruals and deferred income
13,971
-

86,953
90,749



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,705
150,864




Financial assets measured at fair value through profit or loss comprise; Cash at bank and in hand.

Page 8

 
OXFORDSHIRE DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) A1 Ordinary share of £1.00
1
1
1 (2022 - 1) A2 Ordinary share of £1.00
1
1
1 (2022 - 1) B1 Ordinary share of £1.00
1
1
1 (2022 - 1) B2 Ordinary share of £1.00
1
1
1 (2022 - 1) C1 Ordinary share of £1.00
1
1
1 (2022 - 1) C2 Ordinary share of £1.00
1
1
72,117 (2022 - 72,117) Ordinary shares of £1.00 each
72,117
72,117

72,123

72,123



11.


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
£917 (2022 - £Nil) . Contributions totalling £156 (2022 - £Nil) were payable to the fund at the balance
sheet date and are included in creditors.

 
Page 9