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REGISTERED NUMBER: 13263106 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

STATE OF KIND BREW CO LTD

STATE OF KIND BREW CO LTD (REGISTERED NUMBER: 13263106)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 30 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STATE OF KIND BREW CO LTD

COMPANY INFORMATION
for the Period 1 April 2022 to 30 March 2023







DIRECTOR: J B Rawcliffe





REGISTERED OFFICE: 4 Makerfield Way
Ince
Wigan
WN2 2ER





REGISTERED NUMBER: 13263106 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

STATE OF KIND BREW CO LTD (REGISTERED NUMBER: 13263106)

STATEMENT OF FINANCIAL POSITION
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,793 60,317

CURRENT ASSETS
Stocks 8,000 -
Debtors 5 13,264 6,216
Cash at bank 3,778 171
25,042 6,387
CREDITORS
Amounts falling due within one year 6 210,936 118,344
NET CURRENT LIABILITIES (185,894 ) (111,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(114,101

)

(51,640

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (114,102 ) (51,641 )
SHAREHOLDERS' FUNDS (114,101 ) (51,640 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





J B Rawcliffe - Director


STATE OF KIND BREW CO LTD (REGISTERED NUMBER: 13263106)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

State Of Kind Brew Co Ltd 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 disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

The company is dependent on the financial support of its director. At the balance sheet date amounts due to directors totalled £85,492 (2022 £93,084) and would normally be repayable on demand. The directors, however, have indicated that repayment will not be demanded. On this basis the director feels it is appropriate to continue to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration receivable for the goods sold and is shown net of VAT.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the customer, which is usually at the point when the customer receives the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments. The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, trade creditors, accruals, Directors' loan accounts.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade creditors, accruals, Directors' loan accounts, trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

STATE OF KIND BREW CO LTD (REGISTERED NUMBER: 13263106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2022 to 30 March 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 75,322
Additions 26,731
At 30 March 2023 102,053
DEPRECIATION
At 1 April 2022 15,005
Charge for period 15,255
At 30 March 2023 30,260
NET BOOK VALUE
At 30 March 2023 71,793
At 31 March 2022 60,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,367 590
Other debtors 897 5,626
13,264 6,216

STATE OF KIND BREW CO LTD (REGISTERED NUMBER: 13263106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2022 to 30 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 496 23,260
Taxation and social security 15,607 -
Other creditors 194,833 95,084
210,936 118,344