Company Registration No. 07189412 (England and Wales)
Beer Gonzo Ltd
Unaudited accounts
for the year ended 31 March 2024
Beer Gonzo Ltd
Unaudited accounts
Contents
Beer Gonzo Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr Anthony Akers
Mr Martin Leape
Company Number
07189412 (England and Wales)
Registered Office
3A EARLSDON STREET
COVENTRY
CV5 6EP
Accountants
P J Buffrey Ltd
17 Greens Road
Keresley
Coventry
West Midlands
CV6 2FJ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Beer Gonzo Ltd
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Beer Gonzo Ltd for the year ended
31 March 2024 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Beer Gonzo Ltd, as a body, in accordance with the terms of our engagement letter dated 28 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of Beer Gonzo Ltd and state those matters that we have agreed to state to the Board of Directors of Beer Gonzo Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beer Gonzo Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Beer Gonzo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Beer Gonzo Ltd. You consider that Beer Gonzo Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beer Gonzo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P J Buffrey Ltd
Chartered Certified Accountants
17 Greens Road
Keresley
Coventry
West Midlands
CV6 2FJ
1 August 2024
Beer Gonzo Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
60,091
45,374
Cash at bank and in hand
11,623
13,855
Creditors: amounts falling due within one year
(133,637)
(112,553)
Net current assets
3,542
26,370
Total assets less current liabilities
63,633
71,744
Creditors: amounts falling due after more than one year
(78,492)
(65,708)
Provisions for liabilities
Deferred tax
(4,844)
(4,219)
Net (liabilities)/assets
(19,703)
1,817
Called up share capital
3
3
Profit and loss account
(19,706)
1,814
Shareholders' funds
(19,703)
1,817
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Mr Anthony Akers
Director
Company Registration No. 07189412
Beer Gonzo Ltd
Notes to the Accounts
for the year ended 31 March 2024
Beer Gonzo Ltd is a private company, limited by shares, registered in England and Wales, registration number 07189412. The registered office is 3A EARLSDON STREET, COVENTRY, CV5 6EP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the lease term
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
37,034
48,408
85,442
Additions
16,813
9,704
26,517
At 31 March 2024
53,847
58,112
111,959
At 1 April 2023
13,867
26,201
40,068
Charge for the year
5,385
6,415
11,800
At 31 March 2024
19,252
32,616
51,868
At 31 March 2024
34,595
25,496
60,091
At 31 March 2023
23,167
22,207
45,374
Beer Gonzo Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
40,458
36,503
Other debtors
8,696
12,229
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,673
5,155
Trade creditors
97,404
83,870
Taxes and social security
4,644
6,151
Other creditors
3,401
1,945
Loans from directors
5,915
8,894
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
24,742
31,048
8
Deferred taxation
2024
2023
Accelerated capital allowances
4,844
4,219
Provision at start of year
4,219
-
Charged to the profit and loss account
625
4,219
Provision at end of year
4,844
4,219
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,171
26,880
Later than one year and not later than five years
144,684
134,400
Beer Gonzo Ltd
Notes to the Accounts
for the year ended 31 March 2024
10
Guarantees provided on behalf of directors
Going concern: There was a net deficiency of assets of £19,703 (2023: £Nil) at the balance sheet
date. The director has confirmed continued support and considers the company retains sufficient working
capital to continue trading for the foreseeable future.
The ultimate beneficial owners of the company are Mr Anthony Akers and Mr Martin Leape by way of their 100% shareholding.
12
Average number of employees
During the year the average number of employees was 14 (2023: 13).