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Company Registration No. 06846258 (England and Wales)
Growlers Limited Unaudited accounts for the year ended 31 March 2023
Growlers Limited Unaudited accounts Contents
Page
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Growlers Limited Company Information for the year ended 31 March 2023
Director
Michael Andrew James Inglefield
Company Number
06846258 (England and Wales)
Registered Office
161 Richardshaw Lane Stanningley Pudsey West Yorkshire LS28 6AA England
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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Growlers Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,436 
43,533 
Current assets
Inventories
1,900 
920 
Debtors
835 
- 
Cash at bank and in hand
4,111 
1,128 
6,846 
2,048 
Creditors: amounts falling due within one year
(11,042)
(6,206)
Net current liabilities
(4,196)
(4,158)
Total assets less current liabilities
30,240 
39,375 
Creditors: amounts falling due after more than one year
(27,722)
(32,705)
Net assets
2,518 
6,670 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,516 
6,668 
Shareholders' funds
2,518 
6,670 
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 director acknowledges his 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 and authorised for issue on 6 November 2023 and were signed on its behalf by
Michael Andrew James Inglefield Director Company Registration No. 06846258
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Growlers Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Growlers Limited is a private company, limited by shares, registered in England and Wales, registration number 06846258. The registered office is 161 Richardshaw Lane, Stanningley, Pudsey, West Yorkshire, LS28 6AA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Growlers Limited Notes to the Accounts for the year ended 31 March 2023
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
42,659 
42,255 
84,914 
Additions
1,953 
- 
1,953 
At 31 March 2023
44,612 
42,255 
86,867 
Depreciation
At 1 April 2022
32,930 
8,451 
41,381 
Charge for the year
2,599 
8,451 
11,050 
At 31 March 2023
35,529 
16,902 
52,431 
Net book value
At 31 March 2023
9,083 
25,353 
34,436 
At 31 March 2022
9,729 
33,804 
43,533 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
835 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,929 
4,003 
VAT
1,999 
602 
Taxes and social security
2,703 
1,195 
Other creditors
126 
- 
Loans from directors
- 
297 
Accruals
1,285 
109 
11,042 
6,206 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,722 
32,705 
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Growlers Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
During the year, the company made interest free advances to a director amounting to £8,730.00. These were repayable on demand. The company received repayments of £8,730.00
10
Transactions with related parties
The company has paid rent to the director on a property used by the company, which is owned by the director.
11
Average number of employees
During the year the average number of employees was 6 (2022: 8).
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