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COMPANY REGISTRATION NUMBER: 14049033
BEERSTAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 April 2024
BEERSTAR LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
CONTENTS
PAGE
Officers and professional advisers
1
Directors' report
2
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of comprehensive income
4
Statement of financial position
5
Statement of changes in equity
6
Notes to the financial statements
7
BEERSTAR LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
THE BOARD OF DIRECTORS
K L Gascoigne
A J Gascoigne
REGISTERED OFFICE
20-22 Bridge End
Leeds
United Kingdom
LS1 4DJ
ACCOUNTANTS
Wine & Co
Chartered accountants
20-22 Bridge End
Leeds
LS1 4DJ
BEERSTAR LIMITED
DIRECTORS' REPORT
YEAR ENDED 30 APRIL 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2024 .
DIRECTORS
The directors who served the company during the year were as follows:
K L Gascoigne
A J Gascoigne
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 January 2025 and signed on behalf of the board by:
K L Gascoigne
Director
Registered office:
20-22 Bridge End
Leeds
United Kingdom
LS1 4DJ
BEERSTAR LIMITED
CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEERSTAR LIMITED
YEAR ENDED 30 APRIL 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beerstar Limited for the year ended 30 April 2024, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Beerstar Limited, as a body, in accordance with the terms of our engagement letter dated 3 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Beerstar Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beerstar Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Beerstar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beerstar Limited. You consider that Beerstar Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Beerstar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Wine & Co Chartered accountants
20-22 Bridge End Leeds LS1 4DJ
29 January 2025
BEERSTAR LIMITED
STATEMENT OF COMPREHENSIVE INCOME
YEAR ENDED 30 APRIL 2024
Period from
Year to
14 Apr 22 to
30 Apr 24
30 Apr 23
Note
£
£
TURNOVER
76,243
19,887
Cost of sales
( 44,283)
( 11,413)
--------
--------
GROSS PROFIT
31,960
8,474
Administrative expenses
( 15,499)
( 5,250)
--------
-------
OPERATING PROFIT
16,461
3,224
--------
-------
PROFIT BEFORE TAXATION
16,461
3,224
Tax on profit
( 3,127)
( 613)
--------
-------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
13,334
2,611
--------
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
BEERSTAR LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
3,341
Cash at bank and in hand
40,300
17,674
--------
--------
43,641
17,674
CREDITORS: amounts falling due within one year
6
( 27,596)
( 14,963)
--------
--------
NET CURRENT ASSETS
16,045
2,711
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,045
2,711
--------
-------
NET ASSETS
16,045
2,711
--------
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
15,945
2,611
--------
-------
SHAREHOLDERS FUNDS
16,045
2,711
--------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
K L Gascoigne
A J Gascoigne
Director
Director
Company registration number: 14049033
BEERSTAR LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 APRIL 2024
Called up share capital
Profit and loss account
Total
£
£
£
AT 14 APRIL 2022
Profit for the year
2,611
2,611
----
-------
-------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
2,611
2,611
Issue of shares
100
100
----
-------
-------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
100
100
AT 30 APRIL 2023
100
2,611
2,711
Profit for the year
13,334
13,334
----
--------
--------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
13,334
13,334
----
--------
--------
AT 30 APRIL 2024
100
15,945
16,045
----
--------
--------
BEERSTAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, United Kingdom, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2023: 1 ).
5. DEBTORS
2024
2023
£
£
Other debtors
3,341
-------
----
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,127
613
Other creditors
390
Other creditors
22,999
13,000
Other creditors
1,470
960
--------
--------
27,596
14,963
--------
--------