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REGISTERED NUMBER: 03290568 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Anglian Sweet and Drink Company Limited

Anglian Sweet and Drink Company Limited (Registered number: 03290568)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Anglian Sweet and Drink Company Limited (Registered number: 03290568)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 287,910 292,651

Current assets
Stocks 104,382 104,759
Debtors 6 22,088 23,979
Cash at bank and in hand 176,524 184,816
302,994 313,554
Creditors
Amounts falling due within one year 7 (55,722 ) (80,019 )
Net current assets 247,272 233,535
Total assets less current liabilities 535,182 526,186

Creditors
Amounts falling due after more than one
year

8

(286,449

)

(308,749

)

Provisions for liabilities (3,072 ) (3,776 )
Net assets 245,661 213,661

Capital and reserves
Called up share capital 30,000 30,000
Retained earnings 215,661 183,661
245,661 213,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Anglian Sweet and Drink Company Limited (Registered number: 03290568)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Mr P J Chapman - Director


Anglian Sweet and Drink Company Limited (Registered number: 03290568)

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


1. Statutory information

Anglian Sweet and Drink Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03290568

Registered office: East Coast House
Galahad Road, Beacon Park
Gorleston
Great Yarmouth
Norfolk
NR31 7RU

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.

3. Accounting policies

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

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line
Plant, machinery, fixtures & vehicles - 15-25% reducing balance

Freehold land is not depreciated.

Anglian Sweet and Drink Company Limited (Registered number: 03290568)

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


3. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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.

4. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

Anglian Sweet and Drink Company Limited (Registered number: 03290568)

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


5. Tangible fixed assets
Freehold Plant and
property machinery Totals
£ £ £
Cost
At 1 January 2024 307,750 136,164 443,914
Additions - 444 444
At 31 December 2024 307,750 136,608 444,358
Depreciation
At 1 January 2024 30,203 121,060 151,263
Charge for year 1,926 3,259 5,185
At 31 December 2024 32,129 124,319 156,448
Net book value
At 31 December 2024 275,621 12,289 287,910
At 31 December 2023 277,547 15,104 292,651

Included in freehold property, is land at a cost of £200,000 (2023 : £200,000) which is not depreciated.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 17,091 17,331
Other debtors 4,997 6,648
22,088 23,979

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 15,492 17,125
Trade creditors 3,081 17,381
Taxation and social security 10,594 19,187
Other creditors 26,555 26,326
55,722 80,019

The bank loan is secured over the land and buildings held by the company.

Anglian Sweet and Drink Company Limited (Registered number: 03290568)

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


8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 61,721 75,581
Other creditors 224,728 233,168
286,449 308,749

The bank loan is secured over the land and buildings held by the company.

Included within other creditors, due in greater than one year, a balance of £50,000 relates to redeemable preference shares of £1 each. The redeemable preference shares have been treated as a liability of the company.

Redemption of the preference shares, wholly or in part, is at the option of the company on three months notice to the preference shareholders, provided that the preference shares including all arrears of the preference dividend have been paid in full. The shares are redeemable at par together with all arrears of the preference dividend up to the date of redemption. There is no fixed rate for redemption.