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Registered number: 06880277
Dancing Duck Beer Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 06880277
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,414 83,106
86,414 83,106
CURRENT ASSETS
Stocks 5 34,700 31,400
Debtors 6 69,666 69,098
Cash at bank and in hand 151,371 145,309
255,737 245,807
Creditors: Amounts Falling Due Within One Year 7 (91,519 ) (95,405 )
NET CURRENT ASSETS (LIABILITIES) 164,218 150,402
TOTAL ASSETS LESS CURRENT LIABILITIES 250,632 233,508
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,604 ) (15,790 )
NET ASSETS 229,028 217,718
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 229,026 217,716
SHAREHOLDERS' FUNDS 229,028 217,718
Page 1
Page 2
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Rachel Matthews
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dancing Duck Beer Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06880277 . The registered office is Dancing Duck Brewery, 1 John Cooper Buildings, Payne Street, Derby, Derbyshire, DE22 3AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the term of the lease
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.
2.6. Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 9 8
9 8
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 52,694 236,527 18,928 3,522 311,671
Additions - 2,280 18,485 - 20,765
Disposals - (2,915 ) - (479 ) (3,394 )
As at 30 June 2024 52,694 235,892 37,413 3,043 329,042
Depreciation
As at 1 July 2023 39,309 176,902 8,895 3,459 228,565
Provided during the period 3,347 9,200 4,434 21 17,002
Disposals - (2,465 ) - (474 ) (2,939 )
As at 30 June 2024 42,656 183,637 13,329 3,006 242,628
Net Book Value
As at 30 June 2024 10,038 52,255 24,084 37 86,414
As at 1 July 2023 13,385 59,625 10,033 63 83,106
5. Stocks
2024 2023
£ £
Stock 34,700 31,400
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,342 66,962
Other debtors 1,324 2,136
69,666 69,098
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,129 9,548
Other creditors 29,091 16,335
Taxation and social security 55,299 69,522
91,519 95,405
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4