Company Registration No. 08554705 (England and Wales)
The Bath Gin Company Limited
Unaudited accounts
for the year ended 30 June 2021
The Bath Gin Company Limited
Unaudited accounts
Contents
The Bath Gin Company Limited
Company Information
for the year ended 30 June 2021
Company Number
08554705 (England and Wales)
Registered Office
2-3 QUEEN STREET
QUEEN STREET
BATH
BA1 1HE
Accountants
Inni Corporation Limited
Innivation House
Trim Street
Bath
BA1 1HE
The Bath Gin Company Limited
Statement of financial position
as at
30 June 2021
Tangible assets
72,716
65,651
Inventories
30,068
28,247
Cash at bank and in hand
69,837
21,563
Creditors: amounts falling due within one year
(151,305)
(101,641)
Net current liabilities
(16,321)
(27,490)
Total assets less current liabilities
56,845
38,361
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
1,000
1,000
Profit and loss account
5,845
37,361
Shareholders' funds
6,845
38,361
For the year ending 30 June 2021 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 30 March 2022 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 2021
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 2021
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 2020
25,631
51,694
20,665
55,480
12,012
165,482
Additions
-
30,471
-
-
833
31,304
At 30 June 2021
25,631
82,165
20,665
55,480
12,845
196,786
At 1 July 2020
15,378
30,846
16,946
30,274
6,387
99,831
Charge for the year
2,563
12,830
930
6,302
1,614
24,239
At 30 June 2021
17,941
43,676
17,876
36,576
8,001
124,070
At 30 June 2021
7,690
38,489
2,789
18,904
4,844
72,716
At 30 June 2020
10,253
20,848
3,719
25,206
5,625
65,651
6
Investments
Other investments
Valuation at 1 July 2020
200
Valuation at 30 June 2021
200
The Bath Gin Company Limited
Notes to the Accounts
for the year ended 30 June 2021
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
12,080
8,830
Accrued income and prepayments
9,763
10,798
Other debtors
7,903
(620)
Debtors: amounts falling due after more than one year
Other debtors
5,333
5,333
8
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
3,511
Trade creditors
21,855
7,922
Taxes and social security
2,369
1,280
Other creditors
46,969
115
Loans from directors
46,772
62,372
9
Creditors: amounts falling due after more than one year
2021
2020
10
Transactions with related parties
As at the balance sheet date the company owed £46,500 (2020 - £nil) to a company related by virtue of it's directors. The loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 15 (2020: 18).