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 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Page 1

NETHERTON SOFT DRINKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

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 2022




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 2022


Notes
2022
£
2021
£
Fixed assets
Tangible assets: 4 943,741 949,256
Total fixed assets: 943,741 949,256
Current assets
Stocks: 0 0
Debtors: 5 48,852 45,172
Cash at bank and in hand: 6,677 14,341
Total current assets: 55,529 59,513
Creditors: amounts falling due within one year: 6 ( 227,330 ) ( 203,181 )
Net current assets (liabilities): ( 171,801 ) ( 143,668 )
Total assets less current liabilities: 771,940 805,588
Creditors: amounts falling due after more than one year: 7 ( 35,435 ) ( 86,513 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 736,505 719,075

The notes form part of these financial statements

Page 4

NETHERTON SOFT DRINKS LIMITED

Balance sheet continued

As at 31 March 2022


Notes
2022
£
2021
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 8 0 0
Profit and loss account: 736,503 719,073
Shareholders funds: 736,505 719,075

For the year ending 31 March 2022 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 2022
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 2022

  • 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 Value Added Tax

    Tangible fixed assets depreciation policy

    Tangible fixed assets other than the 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 & Building Freehold - straight line over 25 years
    Plant & Machinery - 25% reducing balance basis
    Fixtures & Fittings - 25% reducing balance basis
    Motor Vehicle - 25% reducing balance basis

Page 6

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees


    2022
    2021
    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 2022

  • 3. Off balance sheet disclosure

    No

Page 8

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible assets

Land & buildings Fixtures & fittings Motor vehicles Total
Cost £ £ £ £
At 01 April 2021 926,796 9,288 13,172 949,256
Additions 0 0 100 100
Disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 March 2022 926,796 9,288 13,272 949,356
Depreciation
At 01 April 2021 - - - -
Charge for year 0 2,322 3,293 5,615
On disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0 0
At 31 March 2022 0 2,322 3,293 5,615
Net book value
At 31 March 2022 926,796 6,966 9,979 943,741
At 31 March 2021 926,796 9,288 13,172 949,256

Page 9

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Debtors


2022
£
2021
£
Trade debtors 14,587 10,907
Prepayments and accrued income 0 0
Other debtors 34,265 34,265
Total 48,852 45,172
Debtors due after more than one year: 0 0

Page 10

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6.Creditors: amounts falling due within one year note


2022
£
2021
£
Bank loans and overdrafts 10,648 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 19,980 9,337
Taxation and social security 5,751 3,774
Accruals and deferred income 0 0
Other creditors 190,951 190,070
Total 227,330 203,181

Page 11

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

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


2022
£
2021
£
Bank loans and overdrafts 32,186 50,000
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 3,249 36,513
Total 35,435 86,513

Page 12

NETHERTON SOFT DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

8. Revaluation reserve


2022
£
Balance at 01 April 2021 0
Surplus or deficit after revaluation 0
Balance at 31 March 2022 0

Page 13