Silverfin false false 30/04/2024 01/05/2023 30/04/2024 T P Sears 27/04/2018 M P Sears 27/04/2018 23 October 2024 The principal activity of the Company during the financial year was that of wholesale of wine, beer, sprits and other alcoholic beverages. 11332613 2024-04-30 11332613 bus:Director1 2024-04-30 11332613 bus:Director2 2024-04-30 11332613 core:CurrentFinancialInstruments 2024-04-30 11332613 core:CurrentFinancialInstruments 2023-04-30 11332613 2023-04-30 11332613 core:Non-currentFinancialInstruments 2024-04-30 11332613 core:Non-currentFinancialInstruments 2023-04-30 11332613 core:ShareCapital 2024-04-30 11332613 core:ShareCapital 2023-04-30 11332613 core:RetainedEarningsAccumulatedLosses 2024-04-30 11332613 core:RetainedEarningsAccumulatedLosses 2023-04-30 11332613 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 11332613 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-30 11332613 2023-05-01 2024-04-30 11332613 bus:FilletedAccounts 2023-05-01 2024-04-30 11332613 bus:SmallEntities 2023-05-01 2024-04-30 11332613 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11332613 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11332613 bus:Director1 2023-05-01 2024-04-30 11332613 bus:Director2 2023-05-01 2024-04-30 11332613 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-05-01 2024-04-30 11332613 2022-05-01 2023-04-30 11332613 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 11332613 (England and Wales)

THE FREE FROM BEER CO LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

THE FREE FROM BEER CO LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

THE FREE FROM BEER CO LTD

BALANCE SHEET

As at 30 April 2024
THE FREE FROM BEER CO LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 4 12,991 59,646
Cash at bank and in hand 6,716 14,317
19,707 73,963
Creditors: amounts falling due within one year 5 ( 23,575) ( 42,292)
Net current (liabilities)/assets (3,868) 31,671
Total assets less current liabilities (3,868) 31,671
Creditors: amounts falling due after more than one year 6 ( 3,093) ( 5,949)
Net (liabilities)/assets ( 6,961) 25,722
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 7,061 ) 25,622
Total shareholders' (deficit)/funds ( 6,961) 25,722

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Free From Beer Co Ltd (registered number: 11332613) were approved and authorised for issue by the Board of Directors on 23 October 2024. They were signed on its behalf by:

T P Sears
Director
THE FREE FROM BEER CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
THE FREE FROM BEER CO LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Free From Beer Co Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of The Free From Beer Co Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Website costs Total
£ £
Cost
At 01 May 2023 2,668 2,668
At 30 April 2024 2,668 2,668
Accumulated amortisation
At 01 May 2023 2,668 2,668
At 30 April 2024 2,668 2,668
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 4,095 57,046
Corporation tax 6,296 0
Other debtors 2,600 2,600
12,991 59,646

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,157 3,301
Trade creditors 777 3,667
Amounts owed to Group undertakings 16,000 13,000
Taxation and social security 641 19,324
Other creditors 3,000 3,000
23,575 42,292

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 3,093 5,949

There are no amounts included above in respect of which any security has been given by the small entity.