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REGISTERED NUMBER: 10031082 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LANGHAM BREWING COMPANY LIMITED

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANGHAM BREWING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 September 2023







DIRECTORS: J P Berrow
Mrs L S Foulkes





REGISTERED OFFICE: The Granary Langham Lane
Lodsworth
Near Petworth
West Sussex
GU28 9BU





REGISTERED NUMBER: 10031082 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,473 161,866

CURRENT ASSETS
Stocks 47,273 47,474
Debtors 5 46,481 69,546
Cash at bank and in hand 111,981 77,932
205,735 194,952
CREDITORS
Amounts falling due within one year 6 115,800 120,322
NET CURRENT ASSETS 89,935 74,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,408

236,496

CREDITORS
Amounts falling due after more than one
year

7

(109,972

)

(159,583

)

PROVISIONS FOR LIABILITIES (4,649 ) -
NET ASSETS 113,787 76,913

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 112,787 75,913
SHAREHOLDERS' FUNDS 113,787 76,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

BALANCE SHEET - continued
30 September 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 13 April 2024 and were signed on its behalf by:





Mrs L S Foulkes - Director


LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2023


1. STATUTORY INFORMATION

Langham Brewing Company Limited 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.

Capital grants received are recognised in income on a systematic basis over the useful life of the asset.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 25,379 288,458 10,853
Additions - 9,634 -
At 30 September 2023 25,379 298,092 10,853
DEPRECIATION
At 1 October 2022 7,479 158,559 4,691
Charge for year 2,538 27,907 1,232
At 30 September 2023 10,017 186,466 5,923
NET BOOK VALUE
At 30 September 2023 15,362 111,626 4,930
At 30 September 2022 17,900 129,899 6,162

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 12,000 2,267 338,957
Additions - 512 10,146
At 30 September 2023 12,000 2,779 349,103
DEPRECIATION
At 1 October 2022 4,960 1,402 177,091
Charge for year 1,408 454 33,539
At 30 September 2023 6,368 1,856 210,630
NET BOOK VALUE
At 30 September 2023 5,632 923 138,473
At 30 September 2022 7,040 865 161,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,913 45,687
Amounts owed by group undertakings 505 359
Other debtors 8,063 23,500
46,481 69,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,100 5,100
Trade creditors 37,868 42,462
Taxation and social security 45,719 33,469
Other creditors 27,113 39,291
115,800 120,322

Deferred Income includes grant income received from Coast to Capital and Southern SME RRKTTP Project Funding in respect of a new canning machine and a new telephone system.

The grant income has been deferred and is released to the profit and loss account in line with the expected useful life of the capital assets.

LANGHAM BREWING COMPANY LIMITED (REGISTERED NUMBER: 10031082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,999 38,186
Other creditors 76,973 121,397
109,972 159,583