Company Registration No. SC526727 (Scotland)
BREWSA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
James Hair & Co
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
BREWSA LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
105,784
32,795
Cash at bank and in hand
335,957
404,833
441,741
437,628
Creditors: amounts falling due within one year
5
(100,481)
(110,616)
Net current assets
341,260
327,012
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
341,160
326,912
Total equity
341,260
327,012

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 September 2024 and are signed on its behalf by:
Mr B Bruins
Director
Company Registration No. SC526727
BREWSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Brewsa Limited is a private company limited by shares incorporated in Scotland. The registered office is 59 Bonnygate, CUPAR, Fife, UK, KY15 4BY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the invoiced value of consultancy services provided by the company, net of Value Added Tax and trade discounts.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
33.33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.5
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

BREWSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
BREWSA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
3
Tangible fixed assets
Office equipment
£
Cost
At 1 March 2023
265
Disposals
(265)
At 28 February 2024
-
0
Depreciation and impairment
At 1 March 2023
265
Eliminated in respect of disposals
(265)
At 28 February 2024
-
0
Carrying amount
At 28 February 2024
-
0
At 28 February 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
100,349
27,360
Other debtors
5,435
5,435
105,784
32,795
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,835
13,064
Other creditors
207
427
Directors current accounts
95,036
95,036
Accruals and deferred income
1,403
2,089
100,481
110,616
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
2024-02-282023-03-01false10 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr B BruinsMr G R BruinsMrs H D BruinsfalsefalseSC5267272023-03-012024-02-28SC5267272024-02-28SC5267272023-02-28SC526727core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-28SC526727core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-28SC526727core:ShareCapital2024-02-28SC526727core:ShareCapital2023-02-28SC526727core:RetainedEarningsAccumulatedLosses2024-02-28SC526727core:RetainedEarningsAccumulatedLosses2023-02-28SC526727bus:Director12023-03-012024-02-28SC526727core:ComputerEquipment2023-03-012024-02-28SC5267272022-03-012023-02-28SC526727core:ComputerEquipment2023-02-28SC526727core:ComputerEquipment2024-02-28SC526727core:ComputerEquipment2023-02-28SC526727core:CurrentFinancialInstruments2024-02-28SC526727core:CurrentFinancialInstruments2023-02-28SC526727bus:PrivateLimitedCompanyLtd2023-03-012024-02-28SC526727bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-28SC526727bus:FRS1022023-03-012024-02-28SC526727bus:AuditExemptWithAccountantsReport2023-03-012024-02-28SC526727bus:Director22023-03-012024-02-28SC526727bus:CompanySecretary12023-03-012024-02-28SC526727bus:FullAccounts2023-03-012024-02-28xbrli:purexbrli:sharesiso4217:GBP