REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023 |
FOR |
STATE OF KIND BREW CO LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2022 |
Additions |
At 30 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 30 March 2023 |
NET BOOK VALUE |
At 30 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
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 |
Taxation and social security |
Other creditors |