Company Registration No. 08554705 (England and Wales)
The Bath Gin Company Limited
Unaudited accounts
for the year ended 30 June 2022
The Bath Gin Company Limited
Unaudited accounts
Contents
The Bath Gin Company Limited
Company Information
for the year ended 30 June 2022
Company Number
08554705 (England and Wales)
Registered Office
2-3 QUEEN STREET
QUEEN STREET
BATH
BA1 1HE
The Bath Gin Company Limited
Statement of financial position
as at
30 June 2022
Intangible assets
1,230
250
Tangible assets
69,024
72,716
Inventories
30,068
30,068
Cash at bank and in hand
86,708
69,837
Creditors: amounts falling due within one year
(182,686)
(151,305)
Net current liabilities
(24,916)
(16,321)
Total assets less current liabilities
45,538
56,845
Creditors: amounts falling due after more than one year
(31,365)
(50,000)
Called up share capital
950
1,000
Profit and loss account
13,223
5,845
Shareholders' funds
14,173
6,845
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2023 and were signed on its behalf by
Peter Meacock
Director
Company Registration No. 08554705
The Bath Gin Company Limited
Notes to the Accounts
for the year ended 30 June 2022
The Bath Gin Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08554705. The registered office is 2-3 QUEEN STREET, QUEEN STREET, BATH, BA1 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The Bath Gin Company Limited
Notes to the Accounts
for the year ended 30 June 2022
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2021
25,631
82,165
20,665
55,480
12,845
196,786
Additions
-
-
19,445
585
1,878
21,908
Disposals
-
-
(20,665)
-
-
(20,665)
At 30 June 2022
25,631
82,165
19,445
56,065
14,723
198,029
At 1 July 2021
17,941
43,676
17,876
36,576
8,001
124,070
Charge for the year
1,922
9,622
4,861
4,726
1,680
22,811
On disposals
-
-
(17,876)
-
-
(17,876)
At 30 June 2022
19,863
53,298
4,861
41,302
9,681
129,005
At 30 June 2022
5,768
28,867
14,584
14,763
5,042
69,024
At 30 June 2021
7,690
38,489
2,789
18,904
4,844
72,716
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Investments
Other investments
Valuation at 1 July 2021
200
Valuation at 30 June 2022
200
The Bath Gin Company Limited
Notes to the Accounts
for the year ended 30 June 2022
Amounts falling due within one year
Trade debtors
25,898
12,080
Accrued income and prepayments
9,763
9,763
Amounts falling due after more than one year
Other debtors
5,333
5,333
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,648
-
Trade creditors
41,560
21,855
Taxes and social security
3,420
2,369
Other creditors
46,989
46,969
Loans from directors
43,372
46,772
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Creditors: amounts falling due after more than one year
2022
2021
10
Transactions with related parties
As at the balance sheet date the company owed £46,500 (2021 - £46,500) to a company related by virtue of it's directors. The loan is interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 15 (2021: 15).