Company Registration No. 11186283 (England and Wales)
Gribble Pub & Brewery Ltd
Unaudited accounts
for the year ended 31 March 2024
Gribble Pub & Brewery Ltd
Unaudited accounts
Contents
Gribble Pub & Brewery Ltd
Company Information
for the year ended 31 March 2024
Directors
Nicola Tester
Simon Wood
Company Number
11186283 (England and Wales)
Registered Office
The Gribble Inn, Gribble Lane
Oving
Chichester
West Sussex
PO20 2BP
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
Gribble Pub & Brewery Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
49,040
61,300
Tangible assets
6,869
13,794
Cash at bank and in hand
67,924
119,871
Creditors: amounts falling due within one year
(267,511)
(288,469)
Net current liabilities
(51,955)
(21,664)
Called up share capital
100
100
Profit and loss account
3,854
53,330
Shareholders' funds
3,954
53,430
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 28 August 2024 and were signed on its behalf by
Nicola Tester
Director
Company Registration No. 11186283
Gribble Pub & Brewery Ltd
Notes to the Accounts
for the year ended 31 March 2024
Gribble Pub & Brewery Ltd is a private company, limited by shares, registered in England and Wales, registration number 11186283. The registered office is The Gribble Inn, Gribble Lane, Oving, Chichester, West Sussex, PO20 2BP.
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:
Plant & machinery
50% on cost
Motor vehicles
25% on Cost
Fixtures & fittings
20% on cost
Computer equipment
50% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
During the year the company received Coronavirus Job Retention Scheme grants and Retail, Hospitality and Leisure grants due to the Covid-19 pandemic and this is accounted for under the accruals model.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
During the year the company received a Coronavirus Business Interruption Loan.
Gribble Pub & Brewery Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Charge for the year
12,260
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
14,380
94,621
9,780
118,781
At 31 March 2024
14,922
95,105
9,780
119,807
At 1 April 2023
11,222
84,172
9,593
104,987
Charge for the year
1,789
5,975
187
7,951
At 31 March 2024
13,011
90,147
9,780
112,938
At 31 March 2024
1,911
4,958
-
6,869
At 31 March 2023
3,158
10,449
187
13,794
Amounts falling due within one year
Accrued income and prepayments
496
4,930
Other debtors
138,136
133,004
Gribble Pub & Brewery Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
55,518
88,297
Trade creditors
2,594
4,772
Taxes and social security
3,849
2,158
Loans from directors
184,581
187,585
8
Transactions with related parties
Included in creditors is an amount due to be paid by the company to its directors. The amount is an advance made to the company of £184,582.
There is no interest due to be paid on any outstanding amount. No fixed date has been set for the amount to be repaid by the company.
9
Average number of employees
During the year the average number of employees was 20 (2023: 20).