Registered Number:11213292 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Another Beer Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Another Beer Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
4,406
5,697
2
4,406
5,697
3,663
4,550
3
Trade and other receivables |
1,395
1,531
4
5,002
Cash and cash equivalents |
194
6,275
10,060
Trade and other payables: amounts falling due within one |
year |
(41,658)
(63,123)
5
(31,598)
(56,848)
Net current liabilities
Total assets less current liabilities |
(52,442)
(25,901)
Trade and other payables: amounts falling due after more |
than one year |
(6,636)
(4,637)
6
(57,079)
Net liabilities
(32,537)
1
1
(57,080)
(32,538)
(57,079)
(32,537)
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr James Fawcett Director |
These financial statements were approved and authorised for issue by the Board on 28 November 2023 and were signed by: |
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For the year ended 28 February 2023
Another Beer Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 28 February 2023
Another Beer Ltd
Notes to the Financial Statements
Statutory Information
Another Beer Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11213292. |
Unit 3 Handley Park
Elvington Industrial Estate
York
Yorkshire
YO41 4AR
The presentation currency is £ sterling. |
This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts |
in these financial statements have been rounded to the nearest pound unless otherwise stated. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Even though the company had net liabilities at the balance sheet date, the director has given assurances to continue |
to financially support the company for the foreseeable future. For this reason, the director believes that preparation |
of the financial statements on a going concern basis is appropriate. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs and purchases, costs of conversion and other costs incurred in bringing stock to its present location and condition.Cost is calculated using the first in first out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
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For the year ended 28 February 2023
Another Beer Ltd
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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. |
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
2. Property, plant and equipment |
Motor Vehicles
10,960
314
6,495
4,151
177
177
-
-
4,151
6,495
491
11,137
Provision for depreciation and impairment |
5,263
79
3,755
1,429
Charge for year
1,468
103
685
680
6,731
182
4,440
2,109
2,042
2,055
309
4,406
2,722
2,740
235
5,697
2022
2023
4,550
3,663
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For the year ended 28 February 2023
Another Beer Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables |
2022
2023
1,531
1,395
5. Trade and other payables: amounts falling due within one year |
2022
2023
1,999
1,961
Taxation and social security |
2,190
1,855
58,934
37,842
63,123
41,658
Other loans amounting to £10,450 (2022 - £Nil) are included in other creditors and are repayable upon demand.
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
4,637
6,636
The bank loan relates to a Covid-19 bounceback loan which is backed by a 100% guarantee by the government.
7. Related party transactions |
At 28 February 2023 the company owed its director £43,523 (2022 - £36,798). This amount is included in other |
creditors. |
8. Average number of persons employed |
During the year the average number of employees was 0
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