Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10158508 2023-06-01 2024-05-31 10158508 2022-06-01 2023-05-31 10158508 2024-05-31 10158508 2023-05-31 10158508 c:Director1 2023-06-01 2024-05-31 10158508 c:Director2 2023-06-01 2024-05-31 10158508 c:Director3 2023-06-01 2024-05-31 10158508 c:RegisteredOffice 2023-06-01 2024-05-31 10158508 d:PlantMachinery 2023-06-01 2024-05-31 10158508 d:PlantMachinery 2024-05-31 10158508 d:PlantMachinery 2023-05-31 10158508 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10158508 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10158508 d:MotorVehicles 2023-06-01 2024-05-31 10158508 d:MotorVehicles 2024-05-31 10158508 d:MotorVehicles 2023-05-31 10158508 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10158508 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10158508 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 10158508 d:OtherPropertyPlantEquipment 2024-05-31 10158508 d:OtherPropertyPlantEquipment 2023-05-31 10158508 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10158508 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10158508 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10158508 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10158508 d:CurrentFinancialInstruments 2024-05-31 10158508 d:CurrentFinancialInstruments 2023-05-31 10158508 d:Non-currentFinancialInstruments 2024-05-31 10158508 d:Non-currentFinancialInstruments 2023-05-31 10158508 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10158508 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10158508 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 10158508 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10158508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 10158508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 10158508 d:ShareCapital 2024-05-31 10158508 d:ShareCapital 2023-05-31 10158508 d:SharePremium 2024-05-31 10158508 d:SharePremium 2023-05-31 10158508 d:RetainedEarningsAccumulatedLosses 2024-05-31 10158508 d:RetainedEarningsAccumulatedLosses 2023-05-31 10158508 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 10158508 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 10158508 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10158508 c:OrdinaryShareClass1 2024-05-31 10158508 c:OrdinaryShareClass1 2023-05-31 10158508 c:OrdinaryShareClass2 2023-06-01 2024-05-31 10158508 c:OrdinaryShareClass2 2024-05-31 10158508 c:OrdinaryShareClass2 2023-05-31 10158508 c:FRS102 2023-06-01 2024-05-31 10158508 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10158508 c:FullAccounts 2023-06-01 2024-05-31 10158508 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10158508 2 2023-06-01 2024-05-31 10158508 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10158508









RUSCOMBE ARTISAN FOOD & DRINK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
COMPANY INFORMATION


Directors
D J Featherstone 
J C Featherstone 
A H Roselaar 




Registered number
10158508



Registered office
1010 Eskdale Road
Winnersh Triangle

Wokingham

United Kingdom

RG41 5TS




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 13


 
RUSCOMBE ARTISAN FOOD & DRINK LTD
REGISTERED NUMBER: 10158508

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,071
49,580

  
32,071
49,580

Current assets
  

Stocks
 5 
88,252
129,813

Debtors: amounts falling due within one year
 6 
107,625
445,159

Cash at bank and in hand
 7 
91,843
434,158

  
287,720
1,009,130

Creditors: amounts falling due within one year
 8 
(197,110)
(232,761)

Net current assets
  
 
 
90,610
 
 
776,369

Total assets less current liabilities
  
122,681
825,949

Creditors: amounts falling due after more than one year
 9 
(95,766)
(188,202)

  

Net assets
  
26,915
637,747


Capital and reserves
  

Called up share capital 
 12 
231
231

Share premium account
  
2,170,353
2,170,353

Profit and loss account
  
(2,143,669)
(1,532,837)

  
26,915
637,747


Page 1

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
REGISTERED NUMBER: 10158508
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




D J Featherstone
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Ruscombe Artisan Food & Drink Ltd is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The company registration number is 10158508. The registered address is 1010 Eskdale Road, Winnersh Triangle, Wokingham, United Kingdom, RG41 5TS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%-20%
Motor vehicles
-
20%
Leasehold Improvements
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

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 weighted average basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the
Page 7

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 8

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Leasehold Improvements
Total

£
£
£
£



Cost or valuation


At 1 June 2023
89,843
-
25,580
115,423


Additions
-
11,636
-
11,636


Disposals
(20,608)
-
-
(20,608)



At 31 May 2024

69,235
11,636
25,580
106,451



Depreciation


At 1 June 2023
40,263
-
25,580
65,843


Charge for the year on owned assets
8,714
-
-
8,714


Charge for the year on financed assets
-
11,636
-
11,636


Disposals
(11,813)
-
-
(11,813)



At 31 May 2024

37,164
11,636
25,580
74,380



Net book value



At 31 May 2024
32,071
-
-
32,071



At 31 May 2023
49,580
-
-
49,580


5.


Stocks

2024
2023
£
£

Stocks
88,252
129,813

88,252
129,813


Page 9

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
86,767
88,675

Other debtors
138
3,574

Prepayments and accrued income
20,720
50,493

Deferred taxation
-
302,417

107,625
445,159



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,843
434,158

91,843
434,158


Page 10

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
92,436
89,970

Trade creditors
71,668
109,284

Other taxation and social security
2,832
4,356

Other creditors
11,020
20,543

Accruals and deferred income
19,154
8,608

197,110
232,761


The following liabilities were secured:

2024
2023
£
£



Other loans
66,667
66,667

66,667
66,667

Details of security provided:

Other loans falling due within one year of £66,667 (2023: £66,667) are secured by a fixed and floating charge.

Page 11

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
95,766
188,202

95,766
188,202


The following liabilities were secured:

2024
2023
£
£



Other loans
72,222
138,889

72,222
138,889

Details of security provided:

Other loans falling due in more than one year of £72,222 (2023: £138,889) are secured by a fixed and floating charge.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
92,436
89,970


92,436
89,970

Amounts falling due 1-2 years

Other loans
95,766
188,202


95,766
188,202



188,202
278,172


Page 12

 
RUSCOMBE ARTISAN FOOD & DRINK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Deferred taxation




2024


£






At beginning of year
302,417


Charged to profit or loss
(302,417)



At end of year
-

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
-
302,417

-
302,417


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



20,621,959 (2023 - 20,621,959) Ordinary shares of £0.00001 each
206
206
2,469,132 (2023 - 2,469,132) VV shares of £0.00001 each
25
25

231

231



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,929 (2023: £2,758). Contributions totalling £687 (2023: £509) were payable to the fund at the balance sheet date and are included in other creditors.

 
Page 13