Brupac Drinks & Machine Company Ltd 01822319 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the manufacture and supply of in-cup beverages for vending machines and retail markets. Digita Accounts Production Advanced 6.30.9574.0 true 2024-03-31 01822319 2023-07-01 2024-06-30 01822319 2024-06-30 01822319 bus:Director1 1 2024-06-30 01822319 bus:Director3 1 2024-06-30 01822319 bus:Director5 1 2024-06-30 01822319 core:Associate1 2024-06-30 01822319 core:CapitalRedemptionReserve 2024-06-30 01822319 core:RetainedEarningsAccumulatedLosses 2024-06-30 01822319 core:ShareCapital 2024-06-30 01822319 core:CurrentFinancialInstruments 2024-06-30 01822319 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01822319 core:Non-currentFinancialInstruments 2024-06-30 01822319 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 01822319 core:AdditionsToInvestments 2024-06-30 01822319 core:CostValuation 2024-06-30 01822319 core:FurnitureFittingsToolsEquipment 2024-06-30 01822319 core:LandBuildings 2024-06-30 01822319 core:MotorVehicles 2024-06-30 01822319 core:OtherPropertyPlantEquipment 2024-06-30 01822319 bus:SmallEntities 2023-07-01 2024-06-30 01822319 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01822319 bus:FilletedAccounts 2023-07-01 2024-06-30 01822319 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01822319 bus:RegisteredOffice 2023-07-01 2024-06-30 01822319 bus:Director1 2023-07-01 2024-06-30 01822319 bus:Director1 1 2023-07-01 2024-06-30 01822319 bus:Director3 2023-07-01 2024-06-30 01822319 bus:Director3 1 2023-07-01 2024-06-30 01822319 bus:Director5 2023-07-01 2024-06-30 01822319 bus:Director5 1 2023-07-01 2024-06-30 01822319 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01822319 core:Associate1 2023-07-01 2024-06-30 01822319 core:Associate1 countries:AllCountries 2023-07-01 2024-06-30 01822319 core:FurnitureFittings 2023-07-01 2024-06-30 01822319 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 01822319 core:LandBuildings 2023-07-01 2024-06-30 01822319 core:LeaseholdImprovements 2023-07-01 2024-06-30 01822319 core:MotorVehicles 2023-07-01 2024-06-30 01822319 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 01822319 core:PlantMachinery 2023-07-01 2024-06-30 01822319 countries:EnglandWales 2023-07-01 2024-06-30 01822319 2023-06-30 01822319 bus:Director1 1 2023-06-30 01822319 bus:Director3 1 2023-06-30 01822319 bus:Director5 1 2023-06-30 01822319 core:CostValuation 2023-06-30 01822319 core:FurnitureFittingsToolsEquipment 2023-06-30 01822319 core:LandBuildings 2023-06-30 01822319 core:MotorVehicles 2023-06-30 01822319 core:OtherPropertyPlantEquipment 2023-06-30 01822319 2022-07-01 2023-06-30 01822319 2023-06-30 01822319 core:CapitalRedemptionReserve 2023-06-30 01822319 core:RetainedEarningsAccumulatedLosses 2023-06-30 01822319 core:ShareCapital 2023-06-30 01822319 core:CurrentFinancialInstruments 2023-06-30 01822319 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01822319 core:Non-currentFinancialInstruments 2023-06-30 01822319 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 01822319 core:FurnitureFittingsToolsEquipment 2023-06-30 01822319 core:LandBuildings 2023-06-30 01822319 core:MotorVehicles 2023-06-30 01822319 core:OtherPropertyPlantEquipment 2023-06-30 01822319 core:Associate1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 01822319

Brupac Drinks & Machine Company Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Brupac Drinks & Machine Company Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Brupac Drinks & Machine Company Ltd

(Registration number: 01822319)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,110,482

1,279,211

Investments

5

60

30

 

1,110,542

1,279,241

Current assets

 

Stocks

6

893,661

1,002,184

Debtors

7

1,457,982

2,034,474

Cash at bank and in hand

 

127,610

193,954

 

2,479,253

3,230,612

Creditors: Amounts falling due within one year

8

(2,158,054)

(3,219,035)

Net current assets

 

321,199

11,577

Total assets less current liabilities

 

1,431,741

1,290,818

Creditors: Amounts falling due after more than one year

8

(719,383)

(594,097)

Provisions for liabilities

(213,463)

(262,047)

Net assets

 

498,895

434,674

Capital and reserves

 

Called up share capital

480

480

Capital redemption reserve

120

120

Retained earnings

498,295

434,074

Shareholders' funds

 

498,895

434,674

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Brupac Drinks & Machine Company Ltd

(Registration number: 01822319)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2024 and signed on its behalf by:
 

.........................................
Mr T A J Worthington
Director

 

Brupac Drinks & Machine Company Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Marshfield Bank
Employment Pk
Marshfield Bank
Crewe
Cheshire
CW2 8UY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Brupac Drinks & Machine Company Ltd

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight Line between 5% and 15%

Motor vehicles

Straight Line 25%

Integral features

Straight Line over the life of the lease

Land and buildings Leasehold

Straight Line over the life of the lease

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Brupac Drinks & Machine Company Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2023 - 44).

 

Brupac Drinks & Machine Company Ltd

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

4

Tangible assets

Land and buildings Leasehold
£

Integral features
£

Motor vehicles
 £

Plant and machinery
£

Cost or valuation

At 1 July 2023

578,795

173,327

58,632

4,429,909

Additions

30,000

-

-

17,075

At 30 June 2024

608,795

173,327

58,632

4,446,984

Depreciation

At 1 July 2023

478,710

84,631

58,632

3,339,479

Charge for the year

14,153

13,270

-

188,381

At 30 June 2024

492,863

97,901

58,632

3,527,860

Carrying amount

At 30 June 2024

115,932

75,426

-

919,124

At 30 June 2023

100,085

88,696

-

1,090,430

Total
£

Cost or valuation

At 1 July 2023

5,240,663

Additions

47,075

At 30 June 2024

5,287,738

Depreciation

At 1 July 2023

3,961,452

Charge for the year

215,804

At 30 June 2024

4,177,256

Carrying amount

At 30 June 2024

1,110,482

At 30 June 2023

1,279,211

 

Brupac Drinks & Machine Company Ltd

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

5

Investments

2024
£

2023
£

Investments in associates

60

30

Associates

£

Cost

At 1 July 2023

30

Additions

30

At 30 June 2024

60

Provision

Carrying amount

At 30 June 2024

60

At 30 June 2023

30

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Associates

Area 51 Gym Limited

3 Chantry Court
Forge Street
Crewe
England
CW1 2DL

Ordinary

30%

30%

England

Associates

Area 51 Gym Limited

The principal activity of Area 51 Gym Limited is the operation of fitness facilities. Its financial period end is 31 March.

 

Brupac Drinks & Machine Company Ltd

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

6

Stocks

2024
£

2023
£

Other inventories

893,661

1,002,184

7

Debtors

Current

2024
£

2023
£

Trade debtors

684,778

1,355,170

Prepayments

189,064

148,247

Other debtors

584,140

531,057

 

1,457,982

2,034,474

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Loans and borrowings

190,877

195,102

Trade creditors

 

1,105,303

1,277,070

Taxation and social security

 

157,298

163,243

Other creditors

 

704,576

1,583,620

 

2,158,054

3,219,035

Included within Other creditors is £593,116 (2023 - £1,112,488) which is payable in relation to a debt factoring arrangement. This liability is secured on the trade debtors of the company.

Current loans and borrowings

2024
£

2023
£

Bank borrowings

111,669

111,669

HP and finance lease liabilities

79,208

83,433

190,877

195,102

Included within Loans and borrowings is £79,208 (2023 - £83,433) in relation to obligations under hire purchase leases. The obligations are secured on the assets to which they relate.

 

Brupac Drinks & Machine Company Ltd

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

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

 

Loans and borrowings

263,455

454,329

Other creditors

 

455,928

139,768

 

719,383

594,097

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

218,331

329,998

HP and finance lease liabilities

45,124

124,331

263,455

454,329

Included within Loans and borrowings is £45,124 (2023 - £124,331) in relation to obligations under hire purchase leases. The obligations are secured on the assets to which they relate.

9

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr T A J Worthington

95,301

27,107

(14,174)

108,233

Mr P J Worthington

127,546

21,439

(1,208)

147,777

Mr M E Worthington

94,372

44,145

(2,353)

136,164