Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truefalse2023-07-01falseNo description of principal activity1918true SC465480 2023-07-01 2024-06-30 SC465480 2022-07-01 2023-06-30 SC465480 2024-06-30 SC465480 2023-06-30 SC465480 c:Director2 2023-07-01 2024-06-30 SC465480 c:Director3 2023-07-01 2024-06-30 SC465480 c:Director4 2023-07-01 2024-06-30 SC465480 c:Director5 2023-07-01 2024-06-30 SC465480 c:RegisteredOffice 2023-07-01 2024-06-30 SC465480 d:Buildings 2023-07-01 2024-06-30 SC465480 d:Buildings 2024-06-30 SC465480 d:Buildings 2023-06-30 SC465480 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC465480 d:Buildings d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC465480 d:PlantMachinery 2023-07-01 2024-06-30 SC465480 d:PlantMachinery 2024-06-30 SC465480 d:PlantMachinery 2023-06-30 SC465480 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC465480 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC465480 d:MotorVehicles 2023-07-01 2024-06-30 SC465480 d:MotorVehicles 2024-06-30 SC465480 d:MotorVehicles 2023-06-30 SC465480 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC465480 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC465480 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 SC465480 d:OtherPropertyPlantEquipment 2024-06-30 SC465480 d:OtherPropertyPlantEquipment 2023-06-30 SC465480 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC465480 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC465480 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC465480 d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 SC465480 d:CurrentFinancialInstruments 2024-06-30 SC465480 d:CurrentFinancialInstruments 2023-06-30 SC465480 d:Non-currentFinancialInstruments 2024-06-30 SC465480 d:Non-currentFinancialInstruments 2023-06-30 SC465480 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC465480 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC465480 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC465480 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC465480 d:ShareCapital 2024-06-30 SC465480 d:ShareCapital 2023-06-30 SC465480 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC465480 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC465480 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC465480 c:OrdinaryShareClass1 2024-06-30 SC465480 c:OrdinaryShareClass1 2023-06-30 SC465480 c:FRS102 2023-07-01 2024-06-30 SC465480 c:Audited 2023-07-01 2024-06-30 SC465480 c:FullAccounts 2023-07-01 2024-06-30 SC465480 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC465480 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC465480 2 2023-07-01 2024-06-30 SC465480 7 2023-07-01 2024-06-30 SC465480 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC465480










EAST COAST VINERS (PEAS & BEANS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

COMPANY INFORMATION


Directors
J I Forbes 
F W Richardson 
R Stephen 
G A Forbes 




Registered number
SC465480



Registered office
Broadwood
Drumlithie

Stonehaven

Aberdeenshire

AB39 3XA




Independent auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors

14 City Quay

Dundee

DD1 3JA





 
EAST COAST VINERS (PEAS & BEANS) LIMITED
REGISTERED NUMBER: SC465480

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
3,347,571
2,810,843

  
3,347,571
2,810,843

CURRENT ASSETS
  

Stocks
  
6,446,476
5,920,598

Debtors: amounts falling due within one year
 5 
5,352,797
4,525,463

Cash at bank and in hand
  
48,272
120,121

  
11,847,545
10,566,182

Creditors: amounts falling due within one year
 6 
(5,887,290)
(5,926,308)

NET CURRENT ASSETS
  
 
 
5,960,255
 
 
4,639,874

TOTAL ASSETS LESS CURRENT LIABILITIES
  
9,307,826
7,450,717

Creditors: amounts falling due after more than one year
 7 
-
(63,265)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(763,134)
(617,711)

  
 
 
(763,134)
 
 
(617,711)

NET ASSETS
  
8,544,692
6,769,741


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
8,544,691
6,769,740

  
8,544,692
6,769,741


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 27 March 2025.



J I Forbes
G A Forbes
Director
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

East Coast Viners (Peas and Beans) Limited is a private limited company, domiciled in Scotland with registration number SC465480. The company's registered office is Broadwood, Drumlithie, Stonehaven, Aberdeenshire, AB39 3XA. The trading address is situated at Alfred Street, Montrose, Angus, DD10 8HW.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling, which is the functional currency of the Company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

 
2.3

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

INTEREST INCOME

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

Page 2

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 reporting 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 reporting 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 reporting date.
Page 3

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
reducing balance
Viners
-
12.5%
reducing balance

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.

No depreciation has been charged on heritable property since transition to FRS102 as the directors are of the opinion that the residual value is not materially lower than the net book value.

 
2.9

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.10

HOLIDAY PAY ACCRUAL

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.
Page 4

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

FINANCIAL INSTRUMENTS

Financial instruments are recognised in the Company's Statement of financial position 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.

Basic 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.

Page 5

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
15
14



Directors
4
4

19
18


4.


TANGIBLE FIXED ASSETS





Heritable property
Plant and machinery
Motor vehicles
Viners
Total

£
£
£
£
£



COST OR VALUATION


At 1 July 2023
270,000
1,216,881
229,383
3,029,312
4,745,576


Additions
-
358,129
221,336
598,073
1,177,538


Disposals
-
(210,504)
(123,476)
-
(333,980)



At 30 June 2024

270,000
1,364,506
327,243
3,627,385
5,589,134



DEPRECIATION


At 1 July 2023
-
479,371
137,365
1,317,997
1,934,733


Charge for the year on owned assets
-
94,559
66,401
247,388
408,348


Charge for the year on financed assets
-
27,972
-
41,286
69,258


Disposals
-
(95,054)
(75,722)
-
(170,776)



At 30 June 2024

-
506,848
128,044
1,606,671
2,241,563



NET BOOK VALUE



At 30 June 2024
270,000
857,658
199,199
2,020,714
3,347,571



At 30 June 2023
270,000
737,510
92,018
1,711,315
2,810,843

Page 6

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
1,893
11,403

Amounts owed by group undertakings
4,883,605
3,909,100

Other debtors
467,299
604,960

5,352,797
4,525,463



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
5,748,985
5,407,701

Other taxation and social security
31,972
249,031

Obligations under finance lease and hire purchase contracts
63,265
248,189

Accruals and deferred income
43,068
21,387

5,887,290
5,926,308


The bank overdraft is secured in favour of Barclays Bank plc who hold a floating charge over the whole of the assets of the group in which the company is a member. There is also a cross corporate governance guarantee throughout the group and associated entities. 
Obligations under finance leases and hire purchase contracts are secured against the relevant tangible assets.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
63,265


Obligations under finance leases and hire purchase contracts are secured against the relevant tangible assets.

Page 7

 
EAST COAST VINERS (PEAS & BEANS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


CONTROLLING PARTY

East Coast Viners (Holdings) Limited is the sole shareholder and ultimate controlling parent of East Coast Viners (Peas and Beans) Limited.


10.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 28 March 2025 by Douglas Rae (Senior statutory auditor) on behalf of Sumer Auditco Limited.

Page 8