Silverfin false false 31/03/2024 01/04/2023 31/03/2024 E J Bradshaw 08/01/2021 H S Bradshaw 08/01/2021 W E Bradshaw 08/01/2021 27 November 2024 The principal activity of the Company during the financial year is that of manufacture of beer. 13122376 2024-03-31 13122376 bus:Director1 2024-03-31 13122376 bus:Director2 2024-03-31 13122376 bus:Director3 2024-03-31 13122376 2023-03-31 13122376 core:CurrentFinancialInstruments 2024-03-31 13122376 core:CurrentFinancialInstruments 2023-03-31 13122376 core:ShareCapital 2024-03-31 13122376 core:ShareCapital 2023-03-31 13122376 core:RetainedEarningsAccumulatedLosses 2024-03-31 13122376 core:RetainedEarningsAccumulatedLosses 2023-03-31 13122376 core:Vehicles 2023-03-31 13122376 core:FurnitureFittings 2023-03-31 13122376 core:Vehicles 2024-03-31 13122376 core:FurnitureFittings 2024-03-31 13122376 2023-04-01 2024-03-31 13122376 bus:FilletedAccounts 2023-04-01 2024-03-31 13122376 bus:SmallEntities 2023-04-01 2024-03-31 13122376 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13122376 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13122376 bus:Director1 2023-04-01 2024-03-31 13122376 bus:Director2 2023-04-01 2024-03-31 13122376 bus:Director3 2023-04-01 2024-03-31 13122376 core:Vehicles 2023-04-01 2024-03-31 13122376 core:FurnitureFittings 2023-04-01 2024-03-31 13122376 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 13122376 (England and Wales)

MONKEY BREWHOUSE (LYMINGTON) LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MONKEY BREWHOUSE (LYMINGTON) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MONKEY BREWHOUSE (LYMINGTON) LTD

BALANCE SHEET

As at 31 March 2024
MONKEY BREWHOUSE (LYMINGTON) LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 35,168 37,659
35,168 37,659
Current assets
Stocks 4 9,238 6,203
Debtors 5 13,428 11,740
Cash at bank and in hand 44,323 5,955
66,989 23,898
Creditors: amounts falling due within one year 6 ( 19,653) ( 10,182)
Net current assets 47,336 13,716
Total assets less current liabilities 82,504 51,375
Net assets 82,504 51,375
Capital and reserves
Called-up share capital 100 100
Profit and loss account 82,404 51,275
Total shareholders' funds 82,504 51,375

For the financial year ending 31 March 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 Monkey Brewhouse (Lymington) Ltd (registered number: 13122376) were approved and authorised for issue by the Board of Directors on 27 November 2024. They were signed on its behalf by:

W E Bradshaw
Director
MONKEY BREWHOUSE (LYMINGTON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MONKEY BREWHOUSE (LYMINGTON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Monkey Brewhouse (Lymington) 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 167 Southampton Road, Lymington, Hampshire, SO41 9HA, United Kingdom.

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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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. Revenue from services is recognised as they are delivered.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out {FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 April 2023 28,995 10,234 39,229
Additions 0 5,600 5,600
At 31 March 2024 28,995 15,834 44,829
Accumulated depreciation
At 01 April 2023 0 1,570 1,570
Charge for the financial year 6,473 1,618 8,091
At 31 March 2024 6,473 3,188 9,661
Net book value
At 31 March 2024 22,522 12,646 35,168
At 31 March 2023 28,995 8,664 37,659

4. Stocks

2024 2023
£ £
Stocks 9,238 6,203

5. Debtors

2024 2023
£ £
Trade debtors 12,377 10,818
Other debtors 1,051 922
13,428 11,740

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 11,896 3,433
Other creditors 7,757 6,749
19,653 10,182