Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truefalse2022-10-06No description of principal activity20trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14401488 2022-10-05 14401488 2022-10-06 2023-10-31 14401488 2021-10-06 2022-10-05 14401488 2023-10-31 14401488 c:Director1 2022-10-06 2023-10-31 14401488 d:PlantMachinery 2022-10-06 2023-10-31 14401488 d:PlantMachinery 2023-10-31 14401488 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-06 2023-10-31 14401488 d:MotorVehicles 2022-10-06 2023-10-31 14401488 d:MotorVehicles 2023-10-31 14401488 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-06 2023-10-31 14401488 d:FurnitureFittings 2022-10-06 2023-10-31 14401488 d:FurnitureFittings 2023-10-31 14401488 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-06 2023-10-31 14401488 d:OtherPropertyPlantEquipment 2022-10-06 2023-10-31 14401488 d:OtherPropertyPlantEquipment 2023-10-31 14401488 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-06 2023-10-31 14401488 d:OwnedOrFreeholdAssets 2022-10-06 2023-10-31 14401488 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 14401488 d:CurrentFinancialInstruments 2023-10-31 14401488 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14401488 d:ShareCapital 2023-10-31 14401488 d:RetainedEarningsAccumulatedLosses 2023-10-31 14401488 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 14401488 c:OrdinaryShareClass1 2022-10-06 2023-10-31 14401488 c:OrdinaryShareClass1 2023-10-31 14401488 c:FRS102 2022-10-06 2023-10-31 14401488 c:AuditExempt-NoAccountantsReport 2022-10-06 2023-10-31 14401488 c:FullAccounts 2022-10-06 2023-10-31 14401488 c:PrivateLimitedCompanyLtd 2022-10-06 2023-10-31 14401488 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-10-06 2023-10-31 14401488 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-10-06 2023-10-31 14401488 e:PoundSterling 2022-10-06 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14401488









RUDE GIANT BREWING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
RUDE GIANT BREWING COMPANY LIMITED
REGISTERED NUMBER: 14401488

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October 2023
Note
£

Fixed assets
  

Intangible assets
 4 
1,000

Tangible assets
 5 
13,452

  
14,452

Current assets
  

Stocks
 6 
15,816

Debtors: amounts falling due within one year
 7 
76,407

Cash at bank and in hand
 8 
4,722

  
96,945

Creditors: amounts falling due within one year
 9 
(57,799)

Net current assets
  
 
 
39,146

Total assets less current liabilities
  
53,598

  

Net assets
  
53,598


Capital and reserves
  

Called up share capital 
 11 
100,000

Profit and loss account
  
(46,402)

  
53,598


Page 1

 
RUDE GIANT BREWING COMPANY LIMITED
REGISTERED NUMBER: 14401488
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




................................................
Ethan Davids
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Rude Giant Brewing Company Limited Company is a private company limited by shares, incorporated in
England and Wales on 06 October 2022. The principal activity throughout the period was the manufacturing of beer. The Company's name was changed from Eld Brewing Limited on 31 May 2023. The Company started trading on 01 March 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
33% reducing balance
Other fixed assets
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 6

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Intangible assets



Patents

£



Cost


Additions
1,070



At 31 October 2023

1,070



Amortisation


Charge for the period on owned assets
70



At 31 October 2023

70



Net book value



At 31 October 2023
1,000




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


Additions
5,778
5,995
6,000
636
18,409



At 31 October 2023

5,778
5,995
6,000
636
18,409



Depreciation


Charge for the period on owned assets
1,446
1,499
1,980
32
4,957



At 31 October 2023

1,446
1,499
1,980
32
4,957



Net book value



At 31 October 2023
4,332
4,496
4,020
604
13,452

Page 7

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Stocks

Period ended 31 October 2023
£

Finished goods and goods for resale
15,816

15,816



7.


Debtors

Period ended 31 October 2023
£


Trade debtors
13,632

Amounts owed by joint ventures and associated undertakings
6,540

Other debtors
543

Called up share capital not paid
55,293

Prepayments and accrued income
399

76,407



8.


Cash and cash equivalents

Period ended 31 October 2023
£

Cash at bank and in hand
4,722

4,722


Page 8

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due within one year

Period ended 31 October 2023
£

Trade creditors
36,214

Amounts owed to joint ventures
6,739

Other taxation and social security
10,054

Other creditors
2,500

Accruals and deferred income
2,292

57,799



10.


Financial instruments

Period ended 31 October 2023
£

Financial assets


Financial assets measured at fair value through profit or loss
4,722




Financial assets measured at fair value through profit or loss compris cash at bank and in hand.


11.


Share capital

Period ended 31 October 2023
£
Allotted, called up and fully paid


100,000 Ordinary shares of £1 each
100,000


Upon incorporation 100 Ordinary £1 shares were issued at par. During the period additional 99,900
Ordinary £1 shares were issued.

Page 9

 
RUDE GIANT BREWING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

12.


Controlling party

The Company is controlled by the directors, Ethan Davids, Lyall Dew, David Hancock and Joseph
Maitland-Robinson, by virtue of their shareholding as described in the directors' report.

 
Page 10