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REGISTERED NUMBER: 07526487 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Winkleigh Cider Company Ltd

Winkleigh Cider Company Ltd (Registered number: 07526487)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Winkleigh Cider Company Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D A Bridgman
Mrs K Beardon
Mr C J Beardon





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 07526487 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Winkleigh Cider Company Ltd (Registered number: 07526487)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 265,715 257,098
265,715 257,098

CURRENT ASSETS
Stocks 90,752 88,378
Debtors 22,938 24,899
Cash at bank and in hand 5,547 18,256
119,237 131,533
CREDITORS
Amounts falling due within one year 270,227 229,830
NET CURRENT LIABILITIES (150,990 ) (98,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,725

158,801

CREDITORS
Amounts falling due after more than one
year

(78,438

)

(106,334

)

PROVISIONS FOR LIABILITIES (30,886 ) (22,911 )
NET ASSETS 5,401 29,556

CAPITAL AND RESERVES
Called up share capital 7 201 201
Retained earnings 5,200 29,355
SHAREHOLDERS' FUNDS 5,401 29,556

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.

Winkleigh Cider Company Ltd (Registered number: 07526487)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mrs K Beardon - Director


Winkleigh Cider Company Ltd (Registered number: 07526487)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Winkleigh Cider Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 5 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 - Straight line over 25 years
Plant and machinery - Straight line over 10 years
Motor vehicles - Straight line over 5 years

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 by management.

The property improvements depreciation policy has been changed from 10 years straight line to 25 years straight line to more accurately reflect the expected useful life of the assets.

As a result of this change the net book value of fixed assets has increased by £13,782 and the depreciation charge for the year has decreased by £13,782.

Grants
Grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Grants in respect of revenue items are credited to the profit and loss account when they are receivable.

Winkleigh Cider Company Ltd (Registered number: 07526487)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 company has net current liabilities of £150,990 (2023 - £98,297). These net current liabilities include an amount of £186,790 due to the directors.

The company is reliant on the continuing financial support of its creditors, and in particular the directors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

Winkleigh Cider Company Ltd (Registered number: 07526487)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 17,500
AMORTISATION
At 1 April 2023
and 31 March 2024 17,500
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 383,045
Additions 39,211
At 31 March 2024 422,256
DEPRECIATION
At 1 April 2023 125,947
Charge for year 30,594
At 31 March 2024 156,541
NET BOOK VALUE
At 31 March 2024 265,715
At 31 March 2023 257,098

The property improvements depreciation policy has been changed from 10 years straight line to 25 years straight line to more accurately reflect the expected useful life of the assets.

As a result of this change the net book value of fixed assets has increased by £13,782 and the depreciation charge for the year has decreased by £13,782.


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
201 Ordinary £1 201 201