Registered number
06570817
Artisan Brewing Company Limited
Filleted Accounts
30 April 2024
Artisan Brewing Company Limited
Registered number: 06570817
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 66,172 88,230
Investments 4 58,113 32,351
124,285 120,581
Current assets
Stocks 26,400 12,600
Debtors 5 60,208 5,339
Cash at bank and in hand 50,762 99,023
137,370 116,962
Creditors: amounts falling due within one year 7 (25,010) (22,840)
Net current assets 112,360 94,122
Total assets less current liabilities 236,645 214,703
Provisions for liabilities (13,096) (16,764)
Net assets 223,549 197,939
Capital and reserves
Called up share capital 1 1
Profit and loss account 223,548 197,938
Shareholders' funds 223,549 197,939
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 members have 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.
Mr Simon Doherty
Director
Approved by the board on 8 August 2024
Artisan Brewing Company Limited
Notes to the Accounts
for the year ended 30 April 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. 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.
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% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 229,898
At 30 April 2024 229,898
Depreciation
At 1 May 2023 141,668
Charge for the year 22,058
At 30 April 2024 163,726
Net book value
At 30 April 2024 66,172
At 30 April 2023 88,230
4 Investments
Other
investments
£
Cost
At 1 May 2023 32,351
Revaluation 25,762
At 30 April 2024 58,113
5 Debtors 2024 2023
£ £
Trade debtors 106 3,256
Director's loan account 58,180 -
Other debtors 1,922 2,083
60,208 5,339
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 25,762 (9,958)
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 932 520
Director's loan account - 15,058
Taxation and social security costs 20,645 7,087
Other creditors 3,433 175
25,010 22,840
8 Other information
Artisan Brewing Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Green Meadow Drive
Tongwynlais
Cardiff
CF15 7LW
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