Registered number
08887831
The Leighton Buzzard Brewing Company Limited
Filleted Accounts
31 March 2024
The Leighton Buzzard Brewing Company Limited
Registered number: 08887831
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,660 7,182
Investments 4 2 2
4,662 7,184
Current assets
Stocks 1,303 5,917
Debtors 5 25,552 23,344
Cash at bank and in hand 1,448 2,056
28,303 31,317
Creditors: amounts falling due within one year 6 (28,255) (20,571)
Net current assets 48 10,746
Total assets less current liabilities 4,710 17,930
Creditors: amounts falling due after more than one year 7 (12,686) (17,400)
Net (liabilities)/assets (7,976) 530
Capital and reserves
Called up share capital 142 142
Share premium 54,970 54,970
Profit and loss account (63,088) (54,582)
Shareholder's funds (7,976) 530
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…..............................................
Mark Debrick
Director
Approved by the board on 18 November 2024
The Leighton Buzzard Brewing Company Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight Line
Fixtures, fittings, tools and equipment 25% Straight Line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 95,418 5,345 100,763
Additions 1,349 - 1,349
At 31 March 2024 96,767 5,345 102,112
Depreciation
At 1 April 2023 91,095 2,486 93,581
Charge for the year 2,537 1,334 3,871
At 31 March 2024 93,632 3,820 97,452
Net book value
At 31 March 2024 3,135 1,525 4,660
At 31 March 2023 4,323 2,859 7,182
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 2
At 31 March 2024 2
5 Debtors 2024 2023
£ £
Trade debtors 2,574 3,807
Loan to Bald Buzzard 10,000 10,000
Intercompany account 12,578 7,410
Corporation tax - 1,727
Other debtors 400 400
25,552 23,344
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,671 7,200
Taxation and social security costs 5,326 4,626
Director's account 10,607 8,695
Other creditors 4,651 50
28,255 20,571
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,686 17,400
8 Other information
The Leighton Buzzard Brewing Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 23 Harmill Industrial Estate
Grovebury Road
Leighton Buzzard
Bedfordshire
LU7 4FF
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