Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC287380 2023-08-01 2024-07-31 SC287380 2022-08-01 2023-07-31 SC287380 2024-07-31 SC287380 2023-07-31 SC287380 c:CompanySecretary1 2023-08-01 2024-07-31 SC287380 c:Director1 2023-08-01 2024-07-31 SC287380 c:Director2 2023-08-01 2024-07-31 SC287380 c:RegisteredOffice 2023-08-01 2024-07-31 SC287380 d:PlantMachinery 2023-08-01 2024-07-31 SC287380 d:PlantMachinery 2024-07-31 SC287380 d:PlantMachinery 2023-07-31 SC287380 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC287380 d:ComputerSoftware 2024-07-31 SC287380 d:ComputerSoftware 2023-07-31 SC287380 d:CurrentFinancialInstruments 2024-07-31 SC287380 d:CurrentFinancialInstruments 2023-07-31 SC287380 d:Non-currentFinancialInstruments 2024-07-31 SC287380 d:Non-currentFinancialInstruments 2023-07-31 SC287380 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC287380 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC287380 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC287380 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC287380 d:ShareCapital 2024-07-31 SC287380 d:ShareCapital 2023-07-31 SC287380 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC287380 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC287380 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC287380 c:OrdinaryShareClass1 2024-07-31 SC287380 c:OrdinaryShareClass1 2023-07-31 SC287380 c:FRS102 2023-08-01 2024-07-31 SC287380 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC287380 c:FullAccounts 2023-08-01 2024-07-31 SC287380 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC287380 d:ComputerSoftware d:OwnedIntangibleAssets 2023-08-01 2024-07-31 SC287380 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC287380










SUMMERHOUSE DRINKS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
SUMMERHOUSE DRINKS LIMITED
 

COMPANY INFORMATION


DIRECTORS
R Claire Rennie 
J Ross Rennie 




COMPANY SECRETARY
J Ross Rennie



REGISTERED NUMBER
SC287380



REGISTERED OFFICE
Manse Farm
Peathill

Rosehearty

Aberdeenshire

AB43 7HD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
SUMMERHOUSE DRINKS LIMITED
REGISTERED NUMBER: SC287380

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Intangible assets
 4 
10,549
11,722

Tangible assets
 5 
43,990
48,286

  
54,539
60,008

CURRENT ASSETS
  

Stocks
  
102,962
126,684

Debtors: amounts falling due within one year
 6 
116,185
125,866

Cash at bank and in hand
  
57,642
31,215

  
276,789
283,765

Creditors: amounts falling due within one year
 7 
(202,768)
(196,073)

NET CURRENT ASSETS
  
 
 
74,021
 
 
87,692

TOTAL ASSETS LESS CURRENT LIABILITIES
  
128,560
147,700

Creditors: amounts falling due after more than one year
 8 
(62,500)
(81,875)

  

NET ASSETS
  
66,060
65,825


CAPITAL AND RESERVES
  

Called up share capital 
 9 
220,100
220,100

Profit and loss account
  
(154,040)
(154,275)

  
66,060
65,825


Page 1

 
SUMMERHOUSE DRINKS LIMITED
REGISTERED NUMBER: SC287380

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 10 April 2025.


R Claire Rennie
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SUMMERHOUSE DRINKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


GENERAL INFORMATION

Summerhouse Drinks Ltd is a private company, limited by shares, incorporated in Scotland with the registartion number SC287380. The registered office is Manse Farm, Peathill, Rosehearty, Fraserburgh, Aberdeenshire, AB43 7HD.
The Company's functional and presentational currency is GBP.

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

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

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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 3

 
SUMMERHOUSE DRINKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
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 & machinery
-
25%
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.

 
2.5

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 4

 
SUMMERHOUSE DRINKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


INTANGIBLE ASSETS




Website

£



Cost


At 1 August 2023
17,926



At 31 July 2024

17,926



Amortisation


At 1 August 2023
6,204


Charge for the year on owned assets
1,173



At 31 July 2024

7,377



Net book value



At 31 July 2024
10,549



At 31 July 2023
11,722




5.


TANGIBLE FIXED ASSETS





Plant & machinery

£



Cost or valuation


At 1 August 2023
154,873


Additions
10,370



At 31 July 2024

165,243



Depreciation


At 1 August 2023
106,587


Charge for the year on owned assets
14,666



At 31 July 2024

121,253



Net book value



At 31 July 2024
43,990



At 31 July 2023
48,286

Page 5

 
SUMMERHOUSE DRINKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
110,442
123,076

Other debtors
5,743
2,790

116,185
125,866



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
4,667

Other loans
34,375
37,500

Trade creditors
69,692
39,877

Other taxation and social security
15,017
7,221

Other creditors
83,684
106,808

202,768
196,073



8.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Other loans
12,500
31,875

ONE enterprise fund
50,000
50,000

62,500
81,875



9.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



220,100 (2023 - 220,100) Ordinary shares of £1.00 each
220,100
220,100



Page 6