Company Registration No. 10598275 (England and Wales)
7,000 Jars of Beer Ltd
Unaudited accounts
for the year ended 31 May 2023
7,000 Jars of Beer Ltd
Unaudited accounts
Contents
7,000 Jars of Beer Ltd
Company Information
for the year ended 31 May 2023
Company Number
10598275 (England and Wales)
Registered Office
1 BUXTON DRIVE
NEW MALDEN
KT3 3UX
UNITED KINGDOM
Accountants
Heartwood Accountants Limited
103 High Street
Waltham Cross
Herts
EN87AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 7,000 Jars of Beer Ltd for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
7,000 Jars of Beer Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of 7,000 Jars of Beer Ltd, as a body, in accordance with the terms of our engagement letter dated 28 July 2020. Our work has been undertaken solely to prepare for your approval the accounts of 7,000 Jars of Beer Ltd and state those matters that we have agreed to state to the Board of Directors of 7,000 Jars of Beer Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 7,000 Jars of Beer Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 7,000 Jars of Beer 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 7,000 Jars of Beer Ltd. You consider that 7,000 Jars of Beer 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 7,000 Jars of Beer 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.
Heartwood Accountants Limited
Chartered Accountants
103 High Street
Waltham Cross
Herts
EN87AN
28 February 2024
7,000 Jars of Beer Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
10,848
13,560
Cash at bank and in hand
4,598
20,399
Creditors: amounts falling due within one year
(54,844)
(50,870)
Net current liabilities
(42,137)
(7,639)
Total assets less current liabilities
(31,289)
5,921
Creditors: amounts falling due after more than one year
(16,844)
(23,995)
Net liabilities
(48,133)
(18,074)
Called up share capital
2
2
Profit and loss account
(48,135)
(18,076)
Shareholders' funds
(48,133)
(18,074)
For the year ending 31 May 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 28 February 2024 and were signed on its behalf by
Goran Tasic
Director
Company Registration No. 10598275
7,000 Jars of Beer Ltd
Notes to the Accounts
for the year ended 31 May 2023
7,000 Jars of Beer Ltd is a private company, limited by shares, registered in England and Wales, registration number 10598275. The registered office is 1 BUXTON DRIVE, NEW MALDEN, KT3 3UX, 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.
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
10% Straight Line
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
27,120
1,591
28,711
At 31 May 2023
27,120
1,591
28,711
At 1 June 2022
13,560
1,591
15,151
Charge for the year
2,712
-
2,712
At 31 May 2023
16,272
1,591
17,863
At 31 May 2023
10,848
-
10,848
At 31 May 2022
13,560
-
13,560
Amounts falling due within one year
7,000 Jars of Beer Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,196
8,196
Taxes and social security
7,063
5,935
Loans from directors
36,332
36,739
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
The company was under the control of Goran Tasic thought the current period. No dividends were issued.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).