IRIS Accounts Production v22.1.4.3 07863805 Board of Directors Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078638052021-03-31078638052022-03-31078638052021-04-012022-03-31078638052020-03-31078638052020-04-012021-03-31078638052021-03-3107863805ns16:EnglandWales2021-04-012022-03-3107863805ns15:PoundSterling2021-04-012022-03-3107863805ns11:Director12021-04-012022-03-3107863805ns11:Director22021-04-012022-03-3107863805ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3107863805ns11:SmallEntities2021-04-012022-03-3107863805ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3107863805ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3107863805ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3107863805ns11:FullAccounts2021-04-012022-03-3107863805ns11:RegisteredOffice2021-04-012022-03-3107863805ns6:CurrentFinancialInstruments2022-03-3107863805ns6:CurrentFinancialInstruments2021-03-3107863805ns6:Non-currentFinancialInstruments2022-03-3107863805ns6:Non-currentFinancialInstruments2021-03-3107863805ns6:ShareCapital2022-03-3107863805ns6:ShareCapital2021-03-3107863805ns6:RetainedEarningsAccumulatedLosses2022-03-3107863805ns6:RetainedEarningsAccumulatedLosses2021-03-3107863805ns6:LeaseholdImprovements2021-04-012022-03-3107863805ns6:PlantMachinery2021-04-012022-03-3107863805ns6:FurnitureFittings2021-04-012022-03-3107863805ns6:MotorVehicles2021-04-012022-03-3107863805ns6:ComputerEquipment2021-04-012022-03-3107863805ns6:LeaseholdImprovements2021-03-3107863805ns6:PlantMachinery2021-03-3107863805ns6:FurnitureFittings2021-03-3107863805ns6:LeaseholdImprovements2022-03-3107863805ns6:PlantMachinery2022-03-3107863805ns6:FurnitureFittings2022-03-3107863805ns6:LeaseholdImprovements2021-03-3107863805ns6:PlantMachinery2021-03-3107863805ns6:FurnitureFittings2021-03-3107863805ns6:MotorVehicles2021-03-3107863805ns6:ComputerEquipment2021-03-3107863805ns6:MotorVehicles2022-03-3107863805ns6:ComputerEquipment2022-03-3107863805ns6:MotorVehicles2021-03-3107863805ns6:ComputerEquipment2021-03-3107863805ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107863805ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 07863805 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

LINCOLN GREEN BREWING COMPANY LIMITED

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINCOLN GREEN BREWING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: Mr A J Hughes
Mrs L J Hughes





REGISTERED OFFICE: Unit E5, Enterprise Park
Wigwam Lane
Hucknall
Nottinghamshire
NG15 7SZ





REGISTERED NUMBER: 07863805 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,089 74,173

CURRENT ASSETS
Stocks 12,687 14,738
Debtors 5 36,229 27,438
Cash at bank 12,736 14,814
61,652 56,990
CREDITORS
Amounts falling due within one year 6 170,730 92,451
NET CURRENT LIABILITIES (109,078 ) (35,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,011

38,712

CREDITORS
Amounts falling due after more than one
year

7

(1,667

)

(32,667

)

PROVISIONS FOR LIABILITIES (23,191 ) (11,620 )
NET ASSETS/(LIABILITIES) 153 (5,575 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53 (5,675 )
SHAREHOLDERS' FUNDS 153 (5,575 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

BALANCE SHEET - continued
31ST MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 11th August 2022 and were signed on its behalf by:




Mr A J Hughes - Director



Mrs L J Hughes - Director


LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Lincoln Green Brewing Company 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The coronavirus pandemic had a large impact on the business due to the numerous lockdowns and restrictions during the financial year. The company has continued to be fully supported by it's owners and the accounts have therefore been prepared on a going concern basis

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance, 10% on reducing balance and at varying rates on cost
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

Revenue recognition
Revenue is generally recognised as contract activity progress so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2021 39,830 97,818 38,439
Additions 525 61,565 1,744
Disposals - - -
At 31st March 2022 40,355 159,383 40,183
DEPRECIATION
At 1st April 2021 14,419 60,363 31,282
Charge for year 3,817 7,261 4,025
Eliminated on disposal - - -
At 31st March 2022 18,236 67,624 35,307
NET BOOK VALUE
At 31st March 2022 22,119 91,759 4,876
At 31st March 2021 25,411 37,455 7,157

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2021 15,750 11,205 203,042
Additions 19,355 - 83,189
Disposals (15,750 ) - (15,750 )
At 31st March 2022 19,355 11,205 270,481
DEPRECIATION
At 1st April 2021 12,745 10,060 128,869
Charge for year 4,567 724 20,394
Eliminated on disposal (12,871 ) - (12,871 )
At 31st March 2022 4,441 10,784 136,392
NET BOOK VALUE
At 31st March 2022 14,914 421 134,089
At 31st March 2021 3,005 1,145 74,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,078 4,855
Amounts owed by participating interests 8,349 8,349
Other debtors 7,802 14,234
36,229 27,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 20,000 7,333
Trade creditors 70,389 5,721
Taxation and social security 1,797 1,105
Other creditors 78,544 78,292
170,730 92,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 1,667 32,667

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £3,333.

LINCOLN GREEN BREWING COMPANY LIMITED (REGISTERED NUMBER: 07863805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

9. ULTIMATE CONTROLLING PARTY

By virtue of owning all of the issued share capital the company is controlled by it's directors Mr and Mrs Hughes.