Company Registration No. 14177288 (England and Wales)
Mill Valley Brewery (Northern) Ltd
Unaudited accounts
for the period from 16 June 2022 to 30 June 2023
Mill Valley Brewery (Northern) Ltd
Unaudited accounts
Contents
Mill Valley Brewery (Northern) Ltd
Company Information
for the period from 16 June 2022 to 30 June 2023
Company Number
14177288 (England and Wales)
Registered Office
Unit 10 Woodroyd Mills
South Parade
Cleckheaton
BD19 3AF
United Kingdom
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
Mill Valley Brewery (Northern) Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
1,744
Creditors: amounts falling due within one year
(30,411)
Net current liabilities
(23,808)
Called up share capital
100
Profit and loss account
(16,071)
Shareholders' funds
(15,971)
For the period ending 30 June 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 her 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 March 2024 and were signed on its behalf by
Wendy Hemingway
Director
Company Registration No. 14177288
Mill Valley Brewery (Northern) Ltd
Notes to the Accounts
for the period from 16 June 2022 to 30 June 2023
Mill Valley Brewery (Northern) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14177288. The registered office and principal place of business is Unit 10 Woodroyd Mills, South Parade, Cleckheaton, BD19 3AF, 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 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.
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.
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
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 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.
The accounts have being prepared on the going concern basis, on the understanding the Director will continue to financially support the company for the foreseeable future.
Mill Valley Brewery (Northern) Ltd
Notes to the Accounts
for the period from 16 June 2022 to 30 June 2023
4
Tangible fixed assets
Plant & machinery
Charge for the period
1,745
Amounts falling due within one year
Accrued income and prepayments
56
6
Creditors: amounts falling due within one year
2023
Taxes and social security
33
Loans from directors
14,754
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
8
Transactions with related parties
Included in Other Creditors is an amount of £1,437 owed to The Mill Bar Cleckheaton Ltd from Mill Valley Brewery Northern Ltd, a company that Mrs W Hemingway is also a director of and has a controlling interest in.
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Average number of employees
During the period the average number of employees was 2.