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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
Page
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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
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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
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Beer Gonzo Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,091 
45,374 
Current assets
Inventories
76,402 
76,336 
Debtors
49,154 
48,732 
Cash at bank and in hand
11,623 
13,855 
137,179 
138,923 
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 
Capital and reserves
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
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Beer Gonzo Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
34,595 
25,496 
60,091 
At 31 March 2023
23,167 
22,207 
45,374 
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Beer Gonzo Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,458 
36,503 
Other debtors
8,696 
12,229 
49,154 
48,732 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,673 
5,155 
VAT
9,938 
4,781 
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 
Accruals
3,662 
1,757 
133,637 
112,553 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
53,750 
34,660 
Loans from directors
24,742 
31,048 
78,492 
65,708 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,844 
4,219 
2024 
2023 
£ 
£ 
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 
180,855 
161,280 
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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.
11
Controlling party
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).
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