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REGISTERED NUMBER: 11139090 (England and Wales)












Cornwall Rock Gin Company Limited

Unaudited Financial Statements

for the Year Ended 30th June 2024






Cornwall Rock Gin Company Limited (Registered number: 11139090)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cornwall Rock Gin Company Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Ms A Malde
D Malde





SECRETARY: Ms A Malde





REGISTERED OFFICE: Penvose Cottage
Penvose
St Tudy
Bodmin
Cornwall
PL30 3NP





REGISTERED NUMBER: 11139090 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Cornwall Rock Gin Company Limited (Registered number: 11139090)

Statement of Financial Position
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,519 2,349
Tangible assets 5 79,836 77,251
82,355 79,600

CURRENT ASSETS
Stocks 180,000 120,690
Debtors 6 42,136 16,252
Cash at bank 78,282 118,064
300,418 255,006
CREDITORS
Amounts falling due within one year 7 175,957 100,333
NET CURRENT ASSETS 124,461 154,673
TOTAL ASSETS LESS CURRENT LIABILITIES 206,816 234,273

CREDITORS
Amounts falling due after more than one year 8 (10,650 ) (59,404 )

PROVISIONS FOR LIABILITIES (11,577 ) (10,695 )
NET ASSETS 184,589 164,174

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,489 164,074
184,589 164,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

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

Cornwall Rock Gin Company Limited (Registered number: 11139090)

Statement of Financial Position - continued
30th June 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 5th November 2024 and were signed on its behalf by:




D Malde - Director



Ms A Malde - Director


Cornwall Rock Gin Company Limited (Registered number: 11139090)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Cornwall Rock Gin Company 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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
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 11 (2023 - 11 ) .

Cornwall Rock Gin Company Limited (Registered number: 11139090)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023 2,349
Additions 170
At 30th June 2024 2,519
NET BOOK VALUE
At 30th June 2024 2,519
At 30th June 2023 2,349

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2023 42,008 25,903 11,917 48,219 128,047
Additions 3,427 9,512 6,823 - 19,762
At 30th June 2024 45,435 35,415 18,740 48,219 147,809
DEPRECIATION
At 1st July 2023 7,536 15,620 3,420 24,220 50,796
Charge for year 4,371 3,958 2,849 5,999 17,177
At 30th June 2024 11,907 19,578 6,269 30,219 67,973
NET BOOK VALUE
At 30th June 2024 33,528 15,837 12,471 18,000 79,836
At 30th June 2023 34,472 10,283 8,497 23,999 77,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,216 15,922
Other debtors 17,920 330
42,136 16,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,363 10,539
Trade creditors 51,712 39,028
Taxation and social security 53,390 37,594
Other creditors 20,492 13,172
175,957 100,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,650 59,404

Cornwall Rock Gin Company Limited (Registered number: 11139090)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 176,802 -

10. RELATED PARTY DISCLOSURES

The company paid shop rent of £10,000 to the directors, which has been done at a market value.