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REGISTERED NUMBER: 07492220 (England and Wales)















MILLTOWN BREWING CO. LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLTOWN BREWING CO. LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr N Moorhouse





REGISTERED OFFICE: 31 Haigh House Hill
Lindley Moor
Huddersfield
West Yorkshire
HD3 3SZ





REGISTERED NUMBER: 07492220 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 32,889 42,377

CURRENT ASSETS
Stocks 2,400 2,500
Debtors 5 4,870 8,617
Investments 6 58,000 111,000
Cash at bank and in hand 40,614 18,246
105,884 140,363
CREDITORS
Amounts falling due within one year 7 (39,734 ) (83,716 )
NET CURRENT ASSETS 66,150 56,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,039

99,024

PROVISIONS FOR LIABILITIES 8 (6,249 ) (7,873 )
NET ASSETS 92,790 91,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,690 91,051
SHAREHOLDERS' FUNDS 92,790 91,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

BALANCE SHEET - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





Mr N Moorhouse - Director


MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Milltown Brewing Co. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by the invoiced sales of goods, excluding VAT, which are recognised when the goods are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 92,790
DEPRECIATION
At 1 July 2023 50,413
Charge for year 9,488
At 30 June 2024 59,901
NET BOOK VALUE
At 30 June 2024 32,889
At 30 June 2023 42,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,329 3,463
Other debtors 1,541 5,154
4,870 8,617

MILLTOWN BREWING CO. LTD (REGISTERED NUMBER: 07492220)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 58,000 111,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 187 1,469
Amounts owed to associates - 63,000
Taxation and social security 10,888 267
Other creditors 28,659 18,980
39,734 83,716

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,249 7,873

Deferred
tax
£   
Balance at 1 July 2023 7,873
Credit to Income Statement during year (1,624 )
Balance at 30 June 2024 6,249

9. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £25,529 (2023: £7,206) were outstanding at the year end. Loans will be repaid when funds permit.