Accounts Submission

Accounts Submission

NETHERTON SOFT DRINKS LIMITED - Company Information

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NETHERTON SOFT DRINKS LIMITED

Company Registration Number:
03741630 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Page 1

NETHERTON SOFT DRINKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Page 2

NETHERTON SOFT DRINKS LIMITED

Company Information

for the Period Ended 31 March 2020




Director: Stanley John Owen
Roy Robert Guest
Secretary: Stanley John Owen
Registered office: Lion House
72 Chapel Street
Netherton
West Midlands
DY2 9PN
Company Registration Number: 03741630 (England and Wales)

Page 3

NETHERTON SOFT DRINKS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
£
2019
£
Fixed assets
Tangible assets: 4 944,742 933,602
Total fixed assets: 944,742 933,602
Current assets
Debtors: 5 68,093 64,688
Cash at bank and in hand: 26,598 51,537
Total current assets: 94,691 116,225
Creditors: amounts falling due within one year: 6 ( 223,825 ) ( 221,491 )
Net current assets (liabilities): ( 129,134 ) ( 105,266 )
Total assets less current liabilities: 815,608 828,336
Creditors: amounts falling due after more than one year: 7 ( 103,421 ) ( 157,159 )
Total net assets (liabilities): 712,187 671,177

The notes form part of these financial statements

Page 4

NETHERTON SOFT DRINKS LIMITED

Balance sheet continued

As at 31 March 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 712,185 671,175
Shareholders funds: 712,187 671,177

For the year ending 31 March 2020 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 10 August 2020
And Signed On Behalf Of The Board By:

Name: Stanley John Owen
Status: Director

Name: Roy Robert Guest
Status: Director

The notes form part of these financial statements

Page 5

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown represents the net amounts invoiced during the year, excluding VAT

    Tangible fixed assets depreciation policy

    Tangible fiixed assets other than freehold land are stated at cost less depreciation. Depreciation is calculated so as to write off the cost less its estimated residual value of each asset over the useful economic life of that asset as follows:- Land and Building Freehold straight line over 25 years, Fixtures and Fittings 25% reducing balance, Motor Vehicles 25% reducing balance

Page 6

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 0 0

Page 7

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 3. Off balance sheet disclosure

    No

Page 8

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible assets

Land & buildings Fixtures & fittings Motor vehicles Total
Cost £ £ £ £
At 01 April 2019 926,796 512 6,294 933,602
Additions - - 21,404 21,404
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2020 926,796 512 27,698 955,006
Depreciation
At 01 April 2019 - - - -
Charge for year - 128 10,136 10,264
On disposals - - - -
Other adjustments - - - -
At 31 March 2020 - 128 10,136 10,264
Net book value
At 31 March 2020 926,796 384 17,562 944,742
At 31 March 2019 926,796 512 6,294 933,602

Page 9

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors


2020
£
2019
£
Trade debtors 33,828 30,423
Other debtors 34,265 34,265
Total 68,093 64,688

Page 10

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6.Creditors: amounts falling due within one year note


2020
£
2019
£
Trade creditors 1,247 600
Taxation and social security 11,438 14,083
Other creditors 211,140 206,808
Total 223,825 221,491

Page 11

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

7.Creditors: amounts falling due after more than one year


2020
£
2019
£
Other creditors 103,421 157,159
Total 103,421 157,159

Page 12