Baker's Dozen Brewing Co Limited 09396257 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the brewery. Digita Accounts Production Advanced 6.30.9574.0 true 09396257 2023-04-01 2024-03-31 09396257 2024-03-31 09396257 core:CurrentFinancialInstruments 2024-03-31 09396257 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09396257 core:Non-currentFinancialInstruments 2024-03-31 09396257 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09396257 core:FurnitureFittingsToolsEquipment 2024-03-31 09396257 core:MotorVehicles 2024-03-31 09396257 core:OtherPropertyPlantEquipment 2024-03-31 09396257 bus:SmallEntities 2023-04-01 2024-03-31 09396257 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09396257 bus:FullAccounts 2023-04-01 2024-03-31 09396257 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09396257 bus:RegisteredOffice 2023-04-01 2024-03-31 09396257 bus:Director1 2023-04-01 2024-03-31 09396257 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09396257 core:FurnitureFittings 2023-04-01 2024-03-31 09396257 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09396257 core:MotorVehicles 2023-04-01 2024-03-31 09396257 core:OfficeEquipment 2023-04-01 2024-03-31 09396257 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09396257 core:PlantMachinery 2023-04-01 2024-03-31 09396257 countries:England 2023-04-01 2024-03-31 09396257 2023-03-31 09396257 core:FurnitureFittingsToolsEquipment 2023-03-31 09396257 core:MotorVehicles 2023-03-31 09396257 core:OtherPropertyPlantEquipment 2023-03-31 09396257 2022-04-01 2023-03-31 09396257 2023-03-31 09396257 core:CurrentFinancialInstruments 2023-03-31 09396257 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09396257 core:Non-currentFinancialInstruments 2023-03-31 09396257 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09396257 core:FurnitureFittingsToolsEquipment 2023-03-31 09396257 core:MotorVehicles 2023-03-31 09396257 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09396257

Baker's Dozen Brewing Co Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Baker's Dozen Brewing Co Limited

(Registration number: 09396257)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,253

23,791

Current assets

 

Stocks

5

25,895

8,611

Debtors

6

13,079

7,875

Cash at bank and in hand

 

4,660

6,778

 

43,634

23,264

Creditors: Amounts falling due within one year

7

(114,504)

(112,414)

Net current liabilities

 

(70,870)

(89,150)

Total assets less current liabilities

 

(50,617)

(65,359)

Creditors: Amounts falling due after more than one year

7

(4,545)

(6,134)

Net liabilities

 

(55,162)

(71,493)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(55,262)

(71,593)

Shareholders' deficit

 

(55,162)

(71,493)

 

Baker's Dozen Brewing Co Limited

(Registration number: 09396257)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director for issue on 31 July 2024
 

.........................................

D M Baker

Director

 

Baker's Dozen Brewing Co Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 5 Ketton Business Estate
Pit Lane
Ketton
Stamford
Rutland
PE9 3SZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Baker's Dozen Brewing Co Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

5% straight line

Plant and machinery

20% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Baker's Dozen Brewing Co Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Baker's Dozen Brewing Co Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

2,249

12,979

54,099

69,327

Additions

577

-

1,046

1,623

At 31 March 2024

2,826

12,979

55,145

70,950

Depreciation

At 1 April 2023

822

4,461

40,253

45,536

Charge for the year

131

2,130

2,900

5,161

At 31 March 2024

953

6,591

43,153

50,697

Carrying amount

At 31 March 2024

1,873

6,388

11,992

20,253

At 31 March 2023

1,427

8,518

13,846

23,791

5

Stocks

2024
£

2023
£

Other inventories

25,895

8,611

6

Debtors

Current

2024
£

2023
£

Trade debtors

10,811

6,609

Prepayments

1,318

316

Other debtors

950

950

 

13,079

7,875

 

Baker's Dozen Brewing Co Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

2,870

2,831

Trade creditors

 

7,825

2,812

Amounts owed to related parties

101,215

100,153

Taxation and social security

 

1,470

1,117

Other creditors

 

1,124

5,501

 

114,504

112,414

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

4,545

6,134

Creditors due after more than one year include Bounce Back Loan of £4,545 (2023 - £6,134), which is guaranteed by the Government. Interest at 2.5% per annum is charged.

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

4,545

6,134

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,870

2,831

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £39,300 (2023 - £52,800). Commitments relate to rent payable on the business premises.