REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JUNE 2023 |
FOR |
GOLCAR BREWERY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JUNE 2023 |
FOR |
GOLCAR BREWERY LIMITED |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GOLCAR BREWERY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 1 JUNE 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
36 - 40 Doncaster Road |
Barnsley |
South Yorkshire |
S70 1TL |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
BALANCE SHEET |
1 JUNE 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
BALANCE SHEET - continued |
1 JUNE 2023 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 JUNE 2023 |
1. | STATUTORY INFORMATION |
Golcar Brewery Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, 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. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 2 June 2022 |
Additions |
Disposals | ( |
) |
At 1 June 2023 |
DEPRECIATION |
At 2 June 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 1 June 2023 |
NET BOOK VALUE |
At 1 June 2023 |
At 1 June 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 2 June 2022 |
Additions |
Disposals | ( |
) |
At 1 June 2023 |
DEPRECIATION |
At 2 June 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 1 June 2023 |
NET BOOK VALUE |
At 1 June 2023 |
At 1 June 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
Work-in-progress |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 JUNE 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Prepayments & accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Directors' current accounts | 279 | 7,163 |
Accruals & prepaid income |
8. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | - | 55 |
Deferred |
tax |
£ |
Balance at 2 June 2022 |
Utilised during year | ( |
) |
Balance at 1 June 2023 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 99 | 99 |
Ordinary A | £1 | 1 | 1 |
100 | 100 |
On 17th June 2021, 1 ordinary share was reclassified as 1 ordinary A share. |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 2 June 2022 |
Movement in year | (7,441 | ) |
At 1 June 2023 |
GOLCAR BREWERY LIMITED (REGISTERED NUMBER: 02043227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 JUNE 2023 |
11. | RELATED PARTY DISCLOSURES |
Rental payments were made to the director, Mr J E Broadbent, totalling £1200 during the year ended 1st June 2023 (2022:£1600). |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |