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REGISTERED NUMBER: 07653948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

LONG MAN BREWERY LIMITED

LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LONG MAN BREWERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D Ellis
S C Lees
T O'Neill





REGISTERED OFFICE: Church Farm
Litlington
East Sussex
BN26 5RA





REGISTERED NUMBER: 07653948 (England and Wales)





ACCOUNTANTS: Oreka Accounting Limited
3 Juziers Drive
East Hoathly
East Sussex
BN8 6AE

LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 367,686 292,086

CURRENT ASSETS
Stocks 5 194,523 174,249
Debtors 6 267,811 231,843
Cash at bank and in hand 37,461 142,732
499,795 548,824
CREDITORS
Amounts falling due within one year 7 368,359 362,240
NET CURRENT ASSETS 131,436 186,584
TOTAL ASSETS LESS CURRENT LIABILITIES 499,122 478,670

CREDITORS
Amounts falling due after more than one year 8 (32,807 ) (22,500 )

PROVISIONS FOR LIABILITIES 10 (50,100 ) (36,312 )
NET ASSETS 416,215 419,858

CAPITAL AND RESERVES
Called up share capital 444 444
Share premium 11 20,000 20,000
Retained earnings 11 395,771 399,414
SHAREHOLDERS' FUNDS 416,215 419,858

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:



D Ellis - Director


LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Long Man Brewery Limited 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.

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 represents the value of goods, net of VAT, provided to customers during the year, plus the value of work, net of VAT, completed during the year with respect to services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 7 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 19 ) .

LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 170,489 560,741 42,356 20,432 794,018
Additions 21,948 80,760 57,437 2,057 162,202
Disposals - - (6,725 ) - (6,725 )
At 30 April 2024 192,437 641,501 93,068 22,489 949,495
DEPRECIATION
At 1 May 2023 93,502 369,382 25,783 13,265 501,932
Charge for year 7,013 56,370 14,188 2,306 79,877
At 30 April 2024 100,515 425,752 39,971 15,571 581,809
NET BOOK VALUE
At 30 April 2024 91,922 215,749 53,097 6,918 367,686
At 30 April 2023 76,987 191,359 16,573 7,167 292,086

5. STOCKS
2024 2023
£    £   
Stocks 194,523 174,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 233,083 208,661
Other debtors 327 996
Directors' current accounts 145 10,171
Prepayments and accrued income 34,256 12,015
267,811 231,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 6,856 -
Trade creditors 128,700 89,052
Tax 33,185 9,335
Social security and other taxes 6,193 19,434
VAT 70,272 66,562
Other creditors 65,041 64,300
Credit card liability 1,460 4,670
Directors' current accounts 25,000 45,000
Accrued expenses 21,652 53,887
368,359 362,240

LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 11,667 22,500
Hire purchase contracts 21,140 -
32,807 22,500

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 12,500

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 50,100 36,312

Deferred
tax
£   
Balance at 1 May 2023 36,312
Provided during year 13,788
Balance at 30 April 2024 50,100

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 399,414 20,000 419,414
Profit for the year 167,084 167,084
Dividends (170,727 ) (170,727 )
At 30 April 2024 395,771 20,000 415,771

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £123,815 (2023 - £115,845) were paid to the directors .

LONG MAN BREWERY LIMITED (REGISTERED NUMBER: 07653948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. RELATED PARTY DISCLOSURES - continued

At the balance sheet date, the Company was owed £175 by D Ellis (2023 : £10,171) and £25,000 (2023: £45,000) was owed to S C Lees, both of whom are directors and shareholders of the Company.

These balances are interest free and repayable on demand.