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REGISTERED NUMBER: 09240048 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Crafty Devil Brewing Ltd

Crafty Devil Brewing Ltd (Registered number: 09240048)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crafty Devil Brewing Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A M Edinborough
R D Watkins





REGISTERED OFFICE: Unit 3
The Stone Yard
Ninian Park Road
Cardiff
CF11 6HE





REGISTERED NUMBER: 09240048 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Crafty Devil Brewing Ltd (Registered number: 09240048)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,474 38,722

CURRENT ASSETS
Stocks 101,000 101,000
Debtors 5 93,497 87,070
Cash at bank 1 1
194,498 188,071
CREDITORS
Amounts falling due within one year 6 298,264 228,380
NET CURRENT LIABILITIES (103,766 ) (40,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,292

)

(1,587

)

CREDITORS
Amounts falling due after more than
one year

7

62,529

74,165
NET LIABILITIES (135,821 ) (75,752 )

CAPITAL AND RESERVES
Called up share capital 11,062 11,062
Share premium 59,048 56,348
Retained earnings (205,931 ) (143,162 )
SHAREHOLDERS' FUNDS (135,821 ) (75,752 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Crafty Devil Brewing Ltd (Registered number: 09240048)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:




A M Edinborough - Director



R D Watkins - Director


Crafty Devil Brewing Ltd (Registered number: 09240048)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Crafty Devil Brewing 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 20 ) .

Crafty Devil Brewing Ltd (Registered number: 09240048)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 121,760
DEPRECIATION
At 1 April 2022 83,038
Charge for year 8,248
At 31 March 2023 91,286
NET BOOK VALUE
At 31 March 2023 30,474
At 31 March 2022 38,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,181 15,521
Other debtors 20,316 71,549
93,497 87,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 31,917 46,057
Hire purchase contracts 1,512 5,914
Trade creditors 155,736 70,734
Taxation and social security 77,953 64,157
Other creditors 31,146 41,518
298,264 228,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 14,164 24,165
Other creditors 48,365 50,000
62,529 74,165