Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseThe pricipal activity of the Company during the financial year was that of the manufacture and sale of beer.2121falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05634741 2023-01-01 2023-12-31 05634741 2022-01-01 2022-12-31 05634741 2023-12-31 05634741 2022-12-31 05634741 2022-01-01 05634741 c:Director1 2023-01-01 2023-12-31 05634741 d:Buildings 2023-01-01 2023-12-31 05634741 d:Buildings 2023-12-31 05634741 d:Buildings 2022-12-31 05634741 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05634741 d:PlantMachinery 2023-01-01 2023-12-31 05634741 d:PlantMachinery 2023-12-31 05634741 d:PlantMachinery 2022-12-31 05634741 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05634741 d:OfficeEquipment 2023-01-01 2023-12-31 05634741 d:OfficeEquipment 2023-12-31 05634741 d:OfficeEquipment 2022-12-31 05634741 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05634741 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05634741 d:CurrentFinancialInstruments 2023-12-31 05634741 d:CurrentFinancialInstruments 2022-12-31 05634741 d:Non-currentFinancialInstruments 2023-12-31 05634741 d:Non-currentFinancialInstruments 2022-12-31 05634741 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05634741 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05634741 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05634741 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05634741 d:ShareCapital 2023-01-01 2023-12-31 05634741 d:ShareCapital 2023-12-31 05634741 d:ShareCapital 2022-12-31 05634741 d:ShareCapital 2022-01-01 05634741 d:CapitalRedemptionReserve 2023-12-31 05634741 d:CapitalRedemptionReserve 2022-12-31 05634741 d:CapitalRedemptionReserve 2022-01-01 05634741 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05634741 d:RetainedEarningsAccumulatedLosses 2023-12-31 05634741 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05634741 d:RetainedEarningsAccumulatedLosses 2022-12-31 05634741 d:RetainedEarningsAccumulatedLosses 2022-01-01 05634741 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05634741 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05634741 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 05634741 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 05634741 d:OtherDeferredTax 2023-12-31 05634741 d:OtherDeferredTax 2022-12-31 05634741 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05634741 c:OrdinaryShareClass1 2023-12-31 05634741 c:OrdinaryShareClass1 2022-12-31 05634741 c:OrdinaryShareClass2 2023-01-01 2023-12-31 05634741 c:OrdinaryShareClass2 2023-12-31 05634741 c:OrdinaryShareClass2 2022-12-31 05634741 c:FRS102 2023-01-01 2023-12-31 05634741 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05634741 c:FullAccounts 2023-01-01 2023-12-31 05634741 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05634741 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05634741









MOOR BEER COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MOOR BEER COMPANY LIMITED
REGISTERED NUMBER: 05634741

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
296,274
330,491

  
296,274
330,491

CURRENT ASSETS
  

Stocks
  
79,553
155,691

Debtors: amounts falling due within one year
 5 
101,350
126,469

Cash at bank and in hand
  
103,532
159,065

  
284,435
441,225

Creditors: amounts falling due within one year
 6 
(257,571)
(289,494)

NET CURRENT ASSETS
  
 
 
26,864
 
 
151,731

TOTAL ASSETS LESS CURRENT LIABILITIES
  
323,138
482,222

Creditors: amounts falling due after more than one year
 7 
(58,326)
(83,333)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(35,476)
(27,923)

  
 
 
(35,476)
 
 
(27,923)

NET ASSETS
  
229,336
370,966


CAPITAL AND RESERVES
  

Called up share capital 
 9 
25,500
51,000

Capital redemption reserve
  
25,500
-

Profit and loss account
  
178,336
319,966

  
229,336
370,966


Page 1

 
MOOR BEER COMPANY LIMITED
REGISTERED NUMBER: 05634741
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 by: 




J C Hawke
Director

Date: 4 September 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
MOOR BEER COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
51,000
-
508,649
559,649



Loss for the year
-
-
(109,683)
(109,683)

Dividends: Equity capital
-
-
(79,000)
(79,000)



At 1 January 2023
51,000
-
319,966
370,966



Loss for the year
-
-
(23,538)
(23,538)

Dividends: Equity capital
-
-
(38,500)
(38,500)

Purchase of own shares
-
25,500
(79,592)
(54,092)

Shares cancelled during the year
(25,500)
-
-
(25,500)


AT 31 DECEMBER 2023
25,500
25,500
178,336
229,336


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Moor Beer Company Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Moor Beer Company, Days Road, St. Philips, Bristol, England BS2 0QS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable for goods supplied
and services rendered, net of discounts and Value Added Tax.

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.

 
2.4

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.7

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.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over the remaining term of the lease
Plant and machinery
-
20% reducing balance
Office equipment
-
20% reducing balance

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.

 
2.8

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 21 (2022 - 21).

Page 7

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Leasehold improvements
Plant and machinery
Office equipment
Total

£
£
£
£



COST


At 1 January 2023
165,732
842,335
106,673
1,114,740


Additions
-
7,260
150
7,410



At 31 December 2023

165,732
849,595
106,823
1,122,150



DEPRECIATION


At 1 January 2023
26,309
661,399
96,541
784,249


Charge for the year on owned assets
3,315
36,274
2,038
41,627



At 31 December 2023

29,624
697,673
98,579
825,876



NET BOOK VALUE



At 31 December 2023
136,108
151,922
8,244
296,274



At 31 December 2022
139,423
180,936
10,132
330,491

FINANCE LEASES

Included within plant and machinery is an asset purchased for £1,750 during the period. 


5.


DEBTORS

2023
2022
£
£


Trade debtors
66,293
99,749

Other debtors
1,700
1,700

Prepayments and accrued income
33,357
12,949

Tax recoverable
-
12,071

101,350
126,469


Page 8

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank overdrafts
-
2

Bank loans
25,007
25,000

Trade creditors
62,349
86,625

Other taxation and social security
32,802
41,553

Obligations under finance lease and hire purchase contracts
3,677
-

Other creditors
114,906
99,743

Accruals and deferred income
18,830
36,571

257,571
289,494


Included within other creditors is an amount due to the Company's defined pension contribution scheme of £1,583 (2022 - £1,593). 
Bank loans falling due within one year include £25,007 (2022 - £25,000) on which security has been given by the Company in the form of a legal charge over all property and undertakings of the Company.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
58,326
83,333


Bank loans falling due after more than one year include £58,326 (2022 - £83,333) on which security has been given by the Company in the form of a legal charge over all property and undertakings of the Company.

Page 9

 
MOOR BEER COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


DEFERRED TAXATION




2023


£






At beginning of year
27,923


Charged to profit or loss
7,553



AT END OF YEAR
35,476

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
53,253
51,580

Tax losses carried forward
(17,381)
(23,490)

Short term timing differences
(396)
(167)

35,476
27,923


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



12,750 (2022 - 25,500) Ordinary A shares of £1.00 each
12,750
25,500
12,750 (2022 - 25,500) Ordinary B shares of £1.00 each
12,750
25,500

25,500

51,000

During the year the Company repurchased 12,750 Ordinary A shares of £1.00 each and 12,750 Ordinary B shares of £1.00 each for total consideration of £79,592.


 
Page 10