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REGISTERED NUMBER: 12313590 (England and Wales)















BRAND TAP BOTTLING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BRAND TAP BOTTLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C.J. Sadler
Mrs A.L. Sadler





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 12313590 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRAND TAP BOTTLING LIMITED


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 Statement of Financial Position. 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 Brand Tap Bottling Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brand Tap Bottling Limited, 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 Brand Tap Bottling Limited and state those matters that we have agreed to state to the Board of Directors of Brand Tap Bottling Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brand Tap Bottling Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brand Tap Bottling Limited 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 Brand Tap Bottling Limited. You consider that Brand Tap Bottling Limited 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 Brand Tap Bottling Limited. 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


10 September 2024

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,535 2,608
Tangible assets 5 332,142 225,347
338,677 227,955

CURRENT ASSETS
Stocks 705,758 464,043
Debtors 6 415,020 158,439
Cash at bank and in hand 142,177 101,211
1,262,955 723,693
CREDITORS
Amounts falling due within one year 7 948,473 663,718
NET CURRENT ASSETS 314,482 59,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,159

287,930

CREDITORS
Amounts falling due after more than one year 8 (399,513 ) (154,918 )

PROVISIONS FOR LIABILITIES (47,066 ) (20,325 )
NET ASSETS 206,580 112,687

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 206,578 112,685
SHAREHOLDERS' FUNDS 206,580 112,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 10 September 2024 and were signed on its behalf by:





Mr C.J. Sadler - Director


BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Brand Tap Bottling 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of value added tax. The fair value of consideration takes into account trade discounts.

Revenue from the sale of goods is recognised when:
- the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the
goods;
- the amount of the revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery-15% on reducing balance
Fixtures and fittings-15% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to the income statement.

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 first in first out basis.

At each reporting date, an assessment is made for impairment, being any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell. The impairment loss and any subsequent reversal is recognised in the income statement.

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 11 ) .

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023 3,260
Additions 4,727
At 31 March 2024 7,987
AMORTISATION
At 1 April 2023 652
Amortisation for year 800
At 31 March 2024 1,452
NET BOOK VALUE
At 31 March 2024 6,535
At 31 March 2023 2,608

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 - 240,769 11,524
Additions 95,125 61,670 3,807
Disposals - (26,110 ) -
At 31 March 2024 95,125 276,329 15,331
DEPRECIATION
At 1 April 2023 - 57,475 2,977
Charge for year 19,025 33,215 1,852
Eliminated on disposal - (2,569 ) -
At 31 March 2024 19,025 88,121 4,829
NET BOOK VALUE
At 31 March 2024 76,100 188,208 10,502
At 31 March 2023 - 183,294 8,547

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 50,126 9,108 311,527
Additions 26,374 19,174 206,150
Disposals - - (26,110 )
At 31 March 2024 76,500 28,282 491,567
DEPRECIATION
At 1 April 2023 21,931 3,797 86,180
Charge for year 13,643 8,079 75,814
Eliminated on disposal - - (2,569 )
At 31 March 2024 35,574 11,876 159,425
NET BOOK VALUE
At 31 March 2024 40,926 16,406 332,142
At 31 March 2023 28,195 5,311 225,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 26,944 34,631 61,575
Additions 24,724 26,374 51,098
At 31 March 2024 51,668 61,005 112,673
DEPRECIATION
At 1 April 2023 6,394 15,152 21,546
Charge for year 6,791 11,464 18,255
At 31 March 2024 13,185 26,616 39,801
NET BOOK VALUE
At 31 March 2024 38,483 34,389 72,872
At 31 March 2023 20,550 19,479 40,029

BRAND TAP BOTTLING LIMITED (REGISTERED NUMBER: 12313590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 231,482 136,759
Other debtors 183,538 21,680
415,020 158,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 264,266 84,598
Hire purchase contracts 28,886 14,167
Trade creditors 563,823 362,944
Taxation and social security 80,475 107,664
Other creditors 11,023 94,345
948,473 663,718

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 350,899 122,605
Hire purchase contracts 48,614 32,313
399,513 154,918

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,571 15,722

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,500 46,480

Hire purchase liabilities are secured on the assets acquired thereunder.