Company Registration No. 11254149 (England and Wales)
Bangerz 'N' Brewz Ltd
Unaudited accounts
for the year ended 31 March 2023
Bangerz 'N' Brewz Ltd
Unaudited accounts
Contents
Bangerz 'N' Brewz Ltd
Company Information
for the year ended 31 March 2023
Company Number
11254149 (England and Wales)
Registered Office
22 Stride Avenue
Portsmouth
PO3 6HL
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Bangerz 'N' Brewz Ltd
Accountants' report
Accountants' report to the board of directors of Bangerz 'N' Brewz Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Bangerz 'N' Brewz Ltd for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bangerz 'N' Brewz Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bangerz 'N' Brewz Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bangerz 'N' Brewz Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bangerz 'N' Brewz Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bangerz 'N' Brewz Ltd. You consider that Bangerz 'N' Brewz Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bangerz 'N' Brewz Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
5 July 2023
Bangerz 'N' Brewz Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
5,615
7,792
Creditors: amounts falling due within one year
(67,991)
(148,648)
Net current liabilities
(32,980)
(31,952)
Total assets less current liabilities
(32,980)
7,797
Creditors: amounts falling due after more than one year
(20,193)
(29,149)
Net liabilities
(53,173)
(21,352)
Called up share capital
1,000
1,000
Profit and loss account
(54,173)
(22,352)
Shareholders' funds
(53,173)
(21,352)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2023 and were signed on its behalf by
J Stone
Director
Company Registration No. 11254149
Bangerz 'N' Brewz Ltd
Notes to the Accounts
for the year ended 31 March 2023
Bangerz 'N' Brewz Ltd is a private company, limited by shares, registered in England and Wales, registration number 11254149. The registered office is 22 Stride Avenue, Portsmouth, PO3 6HL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
16,667
1,300
20,355
22,439
60,761
Disposals
(16,667)
(1,300)
(20,355)
(22,439)
(60,761)
At 31 March 2023
-
-
-
-
-
At 1 April 2022
-
22
9,748
11,242
21,012
Charge for the year
-
256
2,121
2,239
4,616
On disposals
-
(278)
(11,869)
(13,481)
(25,628)
At 31 March 2023
-
-
-
-
-
At 31 March 2023
-
-
-
-
-
At 31 March 2022
16,667
1,278
10,607
11,197
39,749
Bangerz 'N' Brewz Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
29,396
104,396
Accrued income and prepayments
-
3,508
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,957
8,736
Amounts owed to group undertakings and other participating interests
44,829
-
Taxes and social security
-
1,770
Loans from directors
11,998
131,517
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(131,517)
(312)
(119,831)
(11,998)
(131,517)
(312)
(119,831)
(11,998)
9
Average number of employees
During the year the average number of employees was 0 (2022: 7).