Registered Number:13379629 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
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
Craft Brewed Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
6,131
8,353
2
6,131
8,353
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)
1
1
(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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For the year ended 31 May 2024
Craft Brewed Ltd
Statement of Financial Position Continued
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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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. |
9 Market Buildings
Maidstone
Kent
ME14 1HP
The presentation currency is £ sterling. |
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
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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For the year ended 31 May 2024
Craft Brewed Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
10,916
3,319
7,597
455
-
455
8,052
3,319
11,371
Provision for depreciation and impairment |
2,563
664
1,899
Charge for year
2,677
664
2,013
5,240
1,328
3,912
4,140
1,991
6,131
5,698
2,655
8,353
2023
2024
6,664
7,500
4. Trade and other receivables |
2023
2024
1,204
686
5. Trade and other payables: amounts falling due within one year |
2023
2024
15,210
18,066
222
6,016
Taxation and social security |
2,659
1,161
20,129
5,586
38,220
30,829
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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
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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