Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Angus Charles Robinson 01/10/2014 Nicholas Robert John Robinson 01/10/2014 Robert Charles Christian Robinson 24/08/2010 Susan Kinloch Robinson 01/10/2014 04 November 2024 The principal activity of the Company during the year was the manufacturing of cider. 07355975 2024-03-31 07355975 bus:Director1 2024-03-31 07355975 bus:Director2 2024-03-31 07355975 bus:Director3 2024-03-31 07355975 bus:Director4 2024-03-31 07355975 2023-03-31 07355975 core:CurrentFinancialInstruments 2024-03-31 07355975 core:CurrentFinancialInstruments 2023-03-31 07355975 core:Non-currentFinancialInstruments 2024-03-31 07355975 core:Non-currentFinancialInstruments 2023-03-31 07355975 core:ShareCapital 2024-03-31 07355975 core:ShareCapital 2023-03-31 07355975 core:RetainedEarningsAccumulatedLosses 2024-03-31 07355975 core:RetainedEarningsAccumulatedLosses 2023-03-31 07355975 core:Goodwill 2023-03-31 07355975 core:Goodwill 2024-03-31 07355975 core:LeaseholdImprovements 2023-03-31 07355975 core:PlantMachinery 2023-03-31 07355975 core:FurnitureFittings 2023-03-31 07355975 core:LeaseholdImprovements 2024-03-31 07355975 core:PlantMachinery 2024-03-31 07355975 core:FurnitureFittings 2024-03-31 07355975 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-03-31 07355975 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-03-31 07355975 bus:OrdinaryShareClass1 2024-03-31 07355975 2023-04-01 2024-03-31 07355975 bus:FilletedAccounts 2023-04-01 2024-03-31 07355975 bus:SmallEntities 2023-04-01 2024-03-31 07355975 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07355975 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07355975 bus:Director1 2023-04-01 2024-03-31 07355975 bus:Director2 2023-04-01 2024-03-31 07355975 bus:Director3 2023-04-01 2024-03-31 07355975 bus:Director4 2023-04-01 2024-03-31 07355975 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 07355975 core:LeaseholdImprovements core:TopRangeValue 2023-04-01 2024-03-31 07355975 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 07355975 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 07355975 2022-04-01 2023-03-31 07355975 core:LeaseholdImprovements 2023-04-01 2024-03-31 07355975 core:PlantMachinery 2023-04-01 2024-03-31 07355975 core:FurnitureFittings 2023-04-01 2024-03-31 07355975 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 07355975 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07355975 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07355975 (England and Wales)

ROBINSONS CIDER LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ROBINSONS CIDER LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ROBINSONS CIDER LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ROBINSONS CIDER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 387,042 349,414
387,042 349,414
Current assets
Stocks 200,294 160,717
Debtors 5 25,389 24,761
Cash at bank and in hand 26,978 36,942
252,661 222,420
Creditors: amounts falling due within one year 6 ( 232,370) ( 193,087)
Net current assets 20,291 29,333
Total assets less current liabilities 407,333 378,747
Creditors: amounts falling due after more than one year 7 ( 10,918) ( 22,002)
Provision for liabilities ( 81,479) ( 71,158)
Net assets 314,936 285,587
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 314,935 285,586
Total shareholder's funds 314,936 285,587

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Robinsons Cider Limited (registered number: 07355975) were approved and authorised for issue by the Board of Directors on 04 November 2024. They were signed on its behalf by:

Angus Charles Robinson
Director
ROBINSONS CIDER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ROBINSONS CIDER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Robinsons Cider Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woodhampton House, Little Hereford, SY8 4LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 10 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 75,000 75,000
At 31 March 2024 75,000 75,000
Accumulated amortisation
At 01 April 2023 75,000 75,000
At 31 March 2024 75,000 75,000
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2023 43,830 578,727 12,146 634,703
Additions 0 99,089 0 99,089
At 31 March 2024 43,830 677,816 12,146 733,792
Accumulated depreciation
At 01 April 2023 30,245 249,602 5,442 285,289
Charge for the financial year 2,379 57,868 1,214 61,461
At 31 March 2024 32,624 307,470 6,656 346,750
Net book value
At 31 March 2024 11,206 370,346 5,490 387,042
At 31 March 2023 13,585 329,125 6,704 349,414

5. Debtors

2024 2023
£ £
Trade debtors 25,389 23,265
Amounts owed by Group undertakings 0 1
Amounts owed by connected companies 0 1,375
Other debtors 0 120
25,389 24,761

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,363 9,789
Trade creditors 17,369 19,720
Amounts owed to directors 191,562 151,763
Accruals 2,900 2,500
Other taxation and social security 9,442 8,587
Other creditors 734 728
232,370 193,087

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,918 22,002

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the directors 191,563 157,163