| 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 |