Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2912023-03-01falseBeer manufacture2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10610024 2023-03-01 2024-02-29 10610024 2022-03-01 2023-02-28 10610024 2024-02-29 10610024 2023-02-28 10610024 c:Director1 2023-03-01 2024-02-29 10610024 d:PlantMachinery 2023-03-01 2024-02-29 10610024 d:PlantMachinery 2024-02-29 10610024 d:PlantMachinery 2023-02-28 10610024 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10610024 d:MotorVehicles 2023-03-01 2024-02-29 10610024 d:MotorVehicles 2024-02-29 10610024 d:MotorVehicles 2023-02-28 10610024 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10610024 d:FurnitureFittings 2023-03-01 2024-02-29 10610024 d:FurnitureFittings 2024-02-29 10610024 d:FurnitureFittings 2023-02-28 10610024 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10610024 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10610024 d:CurrentFinancialInstruments 2024-02-29 10610024 d:CurrentFinancialInstruments 2023-02-28 10610024 d:Non-currentFinancialInstruments 2024-02-29 10610024 d:Non-currentFinancialInstruments 2023-02-28 10610024 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10610024 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10610024 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 10610024 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10610024 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 10610024 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 10610024 d:ShareCapital 2024-02-29 10610024 d:ShareCapital 2023-02-28 10610024 d:RetainedEarningsAccumulatedLosses 2024-02-29 10610024 d:RetainedEarningsAccumulatedLosses 2023-02-28 10610024 c:FRS102 2023-03-01 2024-02-29 10610024 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10610024 c:FullAccounts 2023-03-01 2024-02-29 10610024 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10610024 2 2023-03-01 2024-02-29 10610024 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10610024









BLONDE BROTHERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BLONDE BROTHERS LIMITED
REGISTERED NUMBER: 10610024

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
65,342
81,678

  
65,342
81,678

Current assets
  

Stocks
  
-
15,000

Debtors: amounts falling due within one year
 5 
18,789
2,408

Cash at bank and in hand
 6 
6,491
132

  
25,280
17,540

Creditors: amounts falling due within one year
 7 
(159,733)
(166,841)

Net current liabilities
  
 
 
(134,453)
 
 
(149,301)

Total assets less current liabilities
  
(69,111)
(67,623)

Creditors: amounts falling due after more than one year
 8 
(290,013)
(292,453)

  

Net liabilities
  
(359,124)
(360,076)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(359,126)
(360,078)

  
(359,124)
(360,076)


Page 1

 
BLONDE BROTHERS LIMITED
REGISTERED NUMBER: 10610024
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 January 2025.




................................................
Joseph Maitland-Robinson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BLONDE BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Blonde Brothers Limited is a private company, incorporated in England and Wales, limited by its share capital.  The principal activity of the Company is the manufacture of beer.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis, with the support of the director pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BLONDE BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BLONDE BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
513
25,249

Social security costs
-
2,284

513
27,533


The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 March 2023
233,516
13,150
1,369
248,035



At 29 February 2024

233,516
13,150
1,369
248,035



Depreciation


At 1 March 2023
156,693
8,841
823
166,357


Charge for the year on owned assets
15,365
862
109
16,336



At 29 February 2024

172,058
9,703
932
182,693



Net book value



At 29 February 2024
61,458
3,447
437
65,342



At 28 February 2023
76,823
4,309
546
81,678

Page 5

 
BLONDE BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
18,789
1,980

Other debtors
-
27

Prepayments and accrued income
-
401

18,789
2,408



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
6,491
132

6,491
132



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
2,400
2,400

Other taxation and social security
729
905

Other creditors
155,604
161,136

Accruals and deferred income
1,000
2,400

159,733
166,841



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
290,013
292,453

290,013
292,453


Page 6

 
BLONDE BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
2,400
2,400

Amounts falling due 1-2 years

Bank loans
290,013
292,453



292,413
294,853



10.


Controlling party

The Company is controlled by the director Joseph Maitland-Robinson, by virtue of his shareholding, as described in the Director's report.

 
Page 7