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Craft Brewed Ltd
Registered Number:13379629
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Craft Brewed Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
13379629
As at 31 May 2024
Craft Brewed Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,131
8,353
2
6,131
8,353
Current assets
Inventories
7,500
6,664
3
Trade and other receivables
686
1,204
4
7,481
Cash and cash equivalents
4,654
12,522
15,667
Trade and other payables: amounts falling due within one
year
(30,829)
(38,220)
5
(15,162)
(25,698)
Net current liabilities
Total assets less current liabilities
(19,567)
(6,809)
Trade and other payables: amounts falling due after more
than one year
(46,737)
(49,594)
6
14,849
11,394
Provisions for liabilities
(54,312)
Net liabilities
(42,152)
Capital and reserves
Called up share capital
1
1
Retained earnings
(54,313)
(42,153)
(54,312)
(42,152)
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
13379629
For the year ended 31 May 2024
Craft Brewed Ltd
Statement of Financial Position Continued
Mr Ajay Davis Director
These financial statements were approved and authorised for issue by the Board on 09 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Craft Brewed Ltd
Notes to the Financial Statements
Statutory Information
Craft Brewed Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
13379629.
Registered address:
9 Market Buildings
Maidstone
Kent
ME14 1HP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax for coffee shop & bar sales.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
20% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 May 2024
Craft Brewed Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 June 2023
10,916
3,319
7,597
455
-
455
Additions
At 31 May 2024
8,052
3,319
11,371
Provision for depreciation and impairment
At 01 June 2023
2,563
664
1,899
Charge for year
2,677
664
2,013
At 31 May 2024
5,240
1,328
3,912
At 31 May 2024
Net book value
4,140
1,991
6,131
At 31 May 2023
5,698
2,655
8,353
3. Inventories
2023
2024
£
£
Stocks
6,664
7,500
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,204
686
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
15,210
18,066
Trade creditors
222
6,016
Taxation and social security
2,659
1,161
Other creditors
20,129
5,586
38,220
30,829
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7
For the year ended 31 May 2024
Craft Brewed Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
49,594
46,737
7. Average number of persons employed
During the year the average number of employees was 7 (2023 : 7)
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