Registered number
07418394
Beermaster Derby Ltd
Filleted Accounts
31 October 2023
Beermaster Derby Ltd
Registered number: 07418394
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 255,424 255,530
255,424 255,530
Current assets
Stocks 59,963 53,131
Cash at bank and in hand 64,726 13,419
124,689 66,550
Creditors: amounts falling due within one year 4 (30,438) (25,709)
Net current assets 94,251 40,841
Total assets less current liabilities 349,675 296,371
Creditors: amounts falling due after more than one year 5 (298,245) (258,458)
Net assets 51,430 37,913
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,330 37,813
Shareholders' funds 51,430 37,913
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Satnam Singh Dhamrait
Director
Approved by the board on 18 April 2024
Beermaster Derby Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 255,000 2,804 - 257,804
At 31 October 2023 255,000 2,804 - 257,804
Depreciation
At 1 November 2022 - 2,274 - 2,274
Charge for the year - 106 - 106
At 31 October 2023 - 2,380 - 2,380
Net book value
At 31 October 2023 255,000 424 - 255,424
At 31 October 2022 255,000 530 - 255,530
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 29,338 24,909
Taxation and social security costs 300 -
Other creditors 800 800
30,438 25,709
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 27,468 37,654
Obligations under finance lease and hire purchase contracts 270,777 220,804
298,245 258,458
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