Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true22No description of principal activityfalsetruefalse 00901912 2023-04-01 2024-03-31 00901912 2022-04-01 2023-03-31 00901912 2024-03-31 00901912 2023-03-31 00901912 c:CompanySecretary1 2023-04-01 2024-03-31 00901912 c:Director1 2023-04-01 2024-03-31 00901912 c:RegisteredOffice 2023-04-01 2024-03-31 00901912 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00901912 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00901912 d:ShareCapital 2024-03-31 00901912 d:ShareCapital 2023-03-31 00901912 d:RetainedEarningsAccumulatedLosses 2024-03-31 00901912 d:RetainedEarningsAccumulatedLosses 2023-03-31 00901912 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00901912 c:OrdinaryShareClass1 2024-03-31 00901912 c:OrdinaryShareClass1 2023-03-31 00901912 c:FRS102 2023-04-01 2024-03-31 00901912 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00901912 c:AbridgedAccounts 2023-04-01 2024-03-31 00901912 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00901912 2 2023-04-01 2024-03-31 00901912 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00901912










BOOZE BROTHERS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2024

 
BOOZE BROTHERS LIMITED
 

Company Information


Director
N Cotton 




Company secretary
C R Campbell



Registered number
00901912



Registered office
70 Clarkehouse Road

Sheffield

South Yorkshire

S10 2LJ





 
BOOZE BROTHERS LIMITED
Registered number: 00901912

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
  
594,905
594,438

Cash at bank and in hand
 4 
18,753
13,755

  
613,658
608,193

Creditors: amounts falling due within one year
  
(9,433)
(1,978)

Net current assets
  
 
 
604,225
 
 
606,215

Total assets less current liabilities
  
604,225
606,215

  

Net assets
  
604,225
606,215


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
604,125
606,115

  
604,225
606,215


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 statement of comprehensive income 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 on 10 October 2024.




N Cotton
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BOOZE BROTHERS LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

Booze Brothers Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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.

Page 2

 
BOOZE BROTHERS LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
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.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
     - the amount of revenue can be measured reliably;
     - it is probable that the Company will receive the consideration due under the contract;
     - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
     - the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

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.

 
2.7

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.

Page 3

 
BOOZE BROTHERS LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BOOZE BROTHERS LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 -2).


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,753
13,755

18,753
13,755



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
100
100



6.


Related party transactions

The company has made a loan to a company of which the director is a shareholder and director. At the financial year end the balance outstanding was £594,438 (2023 £594,438).
The company operates a directors current account with the sole director which is unsecured, interest free and repayable on demand. The balance owed to the director at the financial year end was £8,215 (2023: Nil).


Page 5