Company Registration No. 05673738 (England and Wales)
Kirkby Lonsdale Brewery Company Ltd
Unaudited accounts
for the year ended 31 January 2024
Kirkby Lonsdale Brewery Company Ltd
Unaudited accounts
Contents
Kirkby Lonsdale Brewery Company Ltd
Company Information
for the year ended 31 January 2024
Directors
Mr J R Law
Mr A Stephenson
Mr G R Taylor
Mr R S Taylor
Company Number
05673738 (England and Wales)
Registered Office
Unit 2F Old Station Yard
Kirkby Lonsdale
Cumbria
LA6 2HP
Accountants
Parkin Finance Limited
Kirkby Lonsdale Brewery Company Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
260,567
283,539
Cash at bank and in hand
46,316
9,522
Creditors: amounts falling due within one year
(237,665)
(187,748)
Net current liabilities
(102,678)
(95,135)
Total assets less current liabilities
157,889
188,404
Creditors: amounts falling due after more than one year
(97,426)
(146,666)
Provisions for liabilities
Deferred tax
(30,805)
(36,272)
Called up share capital
100
100
Profit and loss account
29,558
5,366
Shareholders' funds
29,658
5,466
For the year ending 31 January 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 25 May 2024 and were signed on its behalf by
Mr R S Taylor
Director
Company Registration No. 05673738
Kirkby Lonsdale Brewery Company Ltd
Notes to the Accounts
for the year ended 31 January 2024
Kirkby Lonsdale Brewery Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 05673738. The registered office is Unit 2F Old Station Yard, Kirkby Lonsdale, Cumbria, LA6 2HP.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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 term of the lease
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Kirkby Lonsdale Brewery Company Ltd
Notes to the Accounts
for the year ended 31 January 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
135,045
347,833
49,521
532,399
Additions
18,078
11,802
-
29,880
At 31 January 2024
153,123
358,809
49,521
561,453
At 1 February 2023
26,085
193,573
29,202
248,860
Charge for the year
6,124
41,502
5,080
52,706
On disposals
-
(680)
-
(680)
At 31 January 2024
32,209
234,395
34,282
300,886
At 31 January 2024
120,914
124,414
15,239
260,567
At 31 January 2023
108,960
154,260
20,319
283,539
Kirkby Lonsdale Brewery Company Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
54,534
53,432
Accrued income and prepayments
7,941
7,287
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
42,377
51,846
Trade creditors
75,342
70,105
Taxes and social security
41,637
4,001
Other creditors
3,921
4,379
Loans from directors
1,238
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
33,239
9
Average number of employees
During the year the average number of employees was 30 (2023: 29).