Registered number
02362967
The Somerset Cider Brandy Company Limited
Filleted Accounts
30 September 2024
The Somerset Cider Brandy Company Limited
Registered number: 02362967
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,564 4,564
Tangible assets 4 733,316 727,451
737,880 732,015
Current assets
Stocks 1,470,736 1,313,012
Debtors 5 89,001 191,282
Cash at bank and in hand 40,725 163,981
1,600,462 1,668,275
Creditors: amounts falling due within one year 6 (470,400) (559,149)
Net current assets 1,130,062 1,109,126
Net assets 1,867,942 1,841,141
Capital and reserves
Called up share capital 3,733 3,733
Share premium 997,860 997,860
Profit and loss account 866,349 839,548
Shareholders' funds 1,867,942 1,841,141
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M E D Temperley
Director
Approved by the board on 20.06.2025
The Somerset Cider Brandy Company Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 10% on reducing balance
Motor vehicles 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Intangible fixed assets £
Trade Marks:
Cost
At 1 October 2023 4,564
At 30 September 2024 4,564
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 4,564
At 30 September 2023 4,564
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 499,365 656,518 42,780 1,198,663
Additions - 32,115 - 32,115
At 30 September 2024 499,365 688,633 42,780 1,230,778
Depreciation
At 1 October 2023 - 429,965 41,247 471,212
Charge for the year - 25,867 383 26,250
At 30 September 2024 - 455,832 41,630 497,462
Net book value
At 30 September 2024 499,365 232,801 1,150 733,316
At 30 September 2023 499,365 226,553 1,533 727,451
5 Debtors 2024 2023
£ £
Trade debtors 86,733 166,936
Other debtors 2,268 24,346
89,001 191,282
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,333 28,333
Trade creditors 308,128 311,175
Other creditors 23,680 23,680
Corporation tax 4,489 18,970
Directors' current account 2,080 2,149
Other taxes and social security costs 35,509 37,361
Accurals and deferred income 14,104 10,293
Proposed dividends 64,077 127,188
470,400 559,149
7 Contingent liabilities
Mr J H V Temperley controls Burrow Hill Cider and he, together with his close family, also controls The Somerset Cider Brandy Company Limited, and therefore the two businesses are deemed to be related.
During the year, the company made sales of £134621 (2023 - £118437) to and purchased goods of £126377 (2023 - £160408) from Burrow Hill Cider. At the Balance Sheet date, the company owed £141492 (2023- £266321) to Burrow Hill Cider, and was owed £3643 (2023 - £45954) from Burrow Hill Cider. No provisions have been made against these balance and no amounts have been written off.
In the past, the company has constructed buildings for distilling, storing, bottling, packing and labelling cider brandy products on land owned by Mr J H V Temperley. A formal lease does not exist, but Mr Temperley has granted an informal licence to the company to occupy the land for which no rent is charged.
8 Controlling party
Ultimate control of the company lies with J H V Temperley, a director of the company, together with his close family.
9 Other information
The Somerset Cider Brandy Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pass Vale Farm
Burrow Hill
Kingsbury Episcopi
MARTOCK
Somerset
TA12 6BU
The Somerset Cider Brandy Company Limited 02362967 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 M E D Temperley No description of principal activity 02362967 2022-10-01 2023-09-30 02362967 core:WithinOneYear 2023-09-30 02362967 core:ShareCapital 2023-09-30 02362967 core:SharePremium 2023-09-30 02362967 core:RetainedEarningsAccumulatedLosses 2023-09-30 02362967 2023-10-01 2024-09-30 02362967 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02362967 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02362967 bus:Director40 2023-10-01 2024-09-30 02362967 1 2023-10-01 2024-09-30 02362967 2 2023-10-01 2024-09-30 02362967 core:LandBuildings 2023-10-01 2024-09-30 02362967 core:PlantMachinery 2023-10-01 2024-09-30 02362967 core:Vehicles 2023-10-01 2024-09-30 02362967 countries:England 2023-10-01 2024-09-30 02362967 bus:FRS102 2023-10-01 2024-09-30 02362967 bus:FilletedAccounts 2023-10-01 2024-09-30 02362967 2024-09-30 02362967 core:WithinOneYear 2024-09-30 02362967 core:ShareCapital 2024-09-30 02362967 core:SharePremium 2024-09-30 02362967 core:RetainedEarningsAccumulatedLosses 2024-09-30 02362967 core:Goodwill 2024-09-30 02362967 core:LandBuildings 2024-09-30 02362967 core:PlantMachinery 2024-09-30 02362967 core:Vehicles 2024-09-30 02362967 2023-09-30 02362967 core:Goodwill 2023-09-30 02362967 core:LandBuildings 2023-09-30 02362967 core:PlantMachinery 2023-09-30 02362967 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure