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Registered number: 09886818
Double Barrelled Brewery Ltd.
Unaudited Financial Statements
For The Year Ended 29 February 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09886818
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 255 311
Tangible Assets 5 433,036 481,141
433,291 481,452
CURRENT ASSETS
Stocks 6 75,409 43,321
Debtors 7 110,980 125,874
Cash at bank and in hand 5,010 27,271
191,399 196,466
Creditors: Amounts Falling Due Within One Year 8 (190,438 ) (146,718 )
NET CURRENT ASSETS (LIABILITIES) 961 49,748
TOTAL ASSETS LESS CURRENT LIABILITIES 434,252 531,200
Creditors: Amounts Falling Due After More Than One Year 9 (1,109,001 ) (1,085,818 )
NET LIABILITIES (674,749 ) (554,618 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (674,849 ) (554,718 )
SHAREHOLDERS' FUNDS (674,749) (554,618)
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For the year ending 29 February 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 Profit and Loss Account.
On behalf of the board
Michael Clayton-Jones
Director
13/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Double Barrelled Brewery Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09886818 . The registered office is Unit 20 Stadium Way, Tilehurst, Reading, Berkshire, RG30 6BX.
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. Going Concern Disclosure
Whilst the company has net liabilities as at 29 February of £674,749 (2022: £554,619) it is worth noting that the directors are now its largest creditor. The directors confirm they will not seek repayment of the loans due from the company of £1,072826 (2022: £1,030,751) until such time as the company has sufficient funds to cover such a repayment.
2.3. 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trademarks. These are amortised to profit and loss account over the estimated economic life of 10 years.
2.5. 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:
Plant & Machinery 10% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 10% reducing balance or 25% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 16)
20 16
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 560
As at 29 February 2024 560
Amortisation
As at 1 March 2023 249
Provided during the period 56
As at 29 February 2024 305
Net Book Value
As at 29 February 2024 255
As at 1 March 2023 311
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 466,739 36,307 187,498 690,544
Additions 5,175 - 3,543 8,718
As at 29 February 2024 471,914 36,307 191,041 699,262
Depreciation
As at 1 March 2023 133,401 6,729 69,273 209,403
Provided during the period 39,270 2,958 14,595 56,823
As at 29 February 2024 172,671 9,687 83,868 266,226
Net Book Value
As at 29 February 2024 299,243 26,620 107,173 433,036
As at 1 March 2023 333,338 29,578 118,225 481,141
6. Stocks
2024 2023
£ £
Stock 75,409 43,321
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,727 56,259
Prepayments and accrued income 8,606 25,116
Other debtors 506 7,358
73,839 88,733
Due after more than one year
Other debtors 37,141 37,141
110,980 125,874
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,412 61,497
Bank loans and overdrafts 34,806 10,648
Other loans 7,173 7,174
Other taxes and social security 39,882 28,539
Other creditors 7,055 8,990
Accruals and deferred income 23,110 29,870
190,438 146,718
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,632 22,564
Other loans 10,647 15,738
Other creditors 1,085,722 1,047,516
1,109,001 1,085,818
Creditors: amounts falling due after more than one year included amounts owed to the directors of £1,072,826 (2023: £1,030,751).
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 58,033 58,033
Later than one year and not later than five years 193,444 232,133
Later than five years - 19,344
251,477 309,510
12. Controlling Party
The company is jointly controlled by the directors by virtue of their ownership of 100% of the issued share capital in the company. 
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