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Registered number: 11612147
Booze Free Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
BOA Accountancy Limited t/a Berkeley Hall
Unit D2 Southgate
Commerce Park
Frome
BA11 2RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11612147
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 76 337
Tangible Assets 5 507 761
583 1,098
CURRENT ASSETS
Stocks 6 4,106 5,370
Debtors 7 2,194 1,733
Cash at bank and in hand 595 1,056
6,895 8,159
Creditors: Amounts Falling Due Within One Year 8 (49,873 ) (46,623 )
NET CURRENT ASSETS (LIABILITIES) (42,978 ) (38,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,395 ) (37,366 )
NET LIABILITIES (42,395 ) (37,366 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (42,405 ) (37,376 )
SHAREHOLDERS' FUNDS (42,395) (37,366)
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Terry Greenwood
Director
25/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Booze Free Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11612147 . The registered office is Unit 17 High Post Business Park, High Post, Salisbury, SP4 6AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trademarks. It is amortised to profitAndLossAccount over its estimated economic life of 6 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3% reducing balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
2Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 1,375
As at 31 October 2023 1,375
Amortisation
As at 1 November 2022 1,038
Provided during the period 261
As at 31 October 2023 1,299
Net Book Value
As at 31 October 2023 76
As at 1 November 2022 337
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 2,487
As at 31 October 2023 2,487
Depreciation
As at 1 November 2022 1,726
Provided during the period 254
As at 31 October 2023 1,980
...CONTINUED
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Net Book Value
As at 31 October 2023 507
As at 1 November 2022 761
6. Stocks
2023 2022
£ £
Materials 4,106 5,370
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 66 191
Prepayments and accrued income 208 208
Divine Brewing Ltd 837 -
Amazon reserved balances 19 176
Website clearing account 887 711
VAT 177 447
2,194 1,733
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 518 2,748
Other creditors (1) - 437
Accruals and deferred income 780 800
Director's loan account 48,575 42,638
49,873 46,623
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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