REGISTERED NUMBER: 07233541 (England and Wales)

Agricola Bottling Limited

Unaudited Financial Statements for the Year Ended 30th April 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T L Mellor

Mrs G M Mellor

Mrs K E Balchin

A D Balchin

REGISTERED OFFICE:

Hunmanby Grange

Wold Newton

Driffield

East Yorkshire

YO25 3HS

REGISTERED NUMBER:

07233541 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

203,677

220,453

203,677

220,453

CURRENT ASSETS

Stocks

56,576

44,255

Debtors

6

311,314

179,142

Cash at bank

-

61,882

367,890

285,279

CREDITORS

Amounts falling due within one year

7

193,700

157,514

NET CURRENT ASSETS

174,190

127,765

TOTAL ASSETS LESS CURRENT LIABILITIES

377,867

348,218

CREDITORS

Amounts falling due after more than one year

8

(132,629

)

(169,436

)

PROVISIONS FOR LIABILITIES

(30,091

)

(31,109

)

NET ASSETS

215,147

147,673

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

215,047

147,573

SHAREHOLDERS' FUNDS

215,147

147,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16th January 2018 and were signed on its behalf by:

Mrs K E Balchin - Director

1.	STATUTORY INFORMATION

Agricola Bottling Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards

including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable

in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements

have been prepared on a going concern basis under the historical cost convention, modified to include

certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

The company adopted FRS 102 in the current year and an explanation of how transition to FRS 102

has affected the reported financial position and performance is given in note 13.

Turnover

Turnover from the sale of bottled beer is recognised when significant risks and rewards of ownership

of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is

probable that the economic benefits associated with the transaction will flow to the company and the

costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet

and amortised on a straight line basis over its useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less

estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc 25% on cost, 20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its

present location and condition. Provision is made for damaged, obsolete and slow-moving stock where

appropriate.

Current & deferred tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss)

for the current or past reporting periods. It is measured at the amount expected to be paid or

recovered using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the

financial statements of current and previous periods. It is recognised in respect of all timing

differences, with certain exceptions. Timing differences are differences between taxable profits and

total comprehensive income as stated in the financial statements that arise from the inclusion of

income and expense in tax assessments in periods different from those in which they are recognised

in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to

the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or

other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured

using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Grants received are deferred and released to the profit and loss account over the expected useful life

of the assets which it relates to.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2016

and 30th April 2017

5,000

AMORTISATION

At 1st May 2016

and 30th April 2017

5,000

NET BOOK VALUE

At 30th April 2017

-

At 30th April 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2016

351,540

Additions

8,989

At 30th April 2017

360,529

DEPRECIATION

At 1st May 2016

131,087

Charge for year

25,765

At 30th April 2017

156,852

NET BOOK VALUE

At 30th April 2017

203,677

At 30th April 2016

220,453

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2016

141,388

Transfer to ownership

(28,690

)

At 30th April 2017

112,698

DEPRECIATION

At 1st May 2016

16,738

Charge for year

9,270

Transfer to ownership

(16,738

)

At 30th April 2017

9,270

NET BOOK VALUE

At 30th April 2017

103,428

At 30th April 2016

124,650

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

281,566

174,702

Other debtors

29,748

4,440

311,314

179,142

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,509

-

Hire purchase contracts

15,778

16,057

Trade creditors

82,107

44,711

Taxation and social security

30,853

11,094

Other creditors

48,453

85,652

193,700

157,514

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

48,648

64,425

Other creditors

83,981

105,011

132,629

169,436

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

16,509

-

Other loans

34,022

52,422

Hire purchase contracts

64,426

80,482

114,957

132,904

The Finance Yorkshire loan has an inter company guarantee with wold Toppers Limited of £75,000

(2016 £75,000). It also has a personal guarantee with Mr. T. L. Mellor and Mrs. G. M. Mellor for

£37,500 (2016 £37,500).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the year end the company owed it's directors Mr and Mrs Mellor £28,297 (2016 £98,297) and it

also owed Mr and Mrs Balchin £57,520 (2016 £31,520). These amounts are split as £15,817 behind

creditors within one year and £70,000 behind others creditors over one year.

11.	RELATED PARTY DISCLOSURES

Other related parties

2017

2016

£

£

Sales

347,050

285,870

Purchases

99,189

95,080

Amounts owed from related parties

263,695

135,295

Amounts owed to related parties

30,997

10,540

12.	ULTIMATE CONTROLLING PARTY

The two directors, Mr. T. L. Mellor and Mrs. G. M. Mellor, who between them own 54% of the shares,

control the company.

13.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 30 April 2017.

The effect of transition from previous financial reporting framework to FRS 102 is outlined below.

Changes in accounting policies

There were no consequential changes in accounting policies as a result of the transition to FRS102.

Reconciliation of equity shareholders' funds

There were no adjustments to the previously reported equity shareholders' funds at the date of

transition to FRS102.

Reconciliation of comparative period profit

There were no adjustments to previously reported profit in the comparative period.