0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-30 Sage Accounts Production Advanced 2023 - FRS102_2023 75,000 22,500 7,500 30,000 45,000 52,500 xbrli:pure xbrli:shares iso4217:GBP 08918377 2023-03-30 2024-03-28 08918377 2024-03-28 08918377 2023-03-29 08918377 2022-03-31 2023-03-29 08918377 2023-03-29 08918377 2022-03-30 08918377 core:NetGoodwill 2023-03-30 2024-03-28 08918377 core:LandBuildings 2023-03-30 2024-03-28 08918377 core:PlantMachinery 2023-03-30 2024-03-28 08918377 core:FurnitureFittings 2023-03-30 2024-03-28 08918377 core:MotorVehicles 2023-03-30 2024-03-28 08918377 bus:Director1 2023-03-30 2024-03-28 08918377 core:NetGoodwill 2023-03-29 08918377 core:NetGoodwill 2024-03-28 08918377 core:PlantMachinery 2023-03-29 08918377 core:FurnitureFittings 2023-03-29 08918377 core:MotorVehicles 2023-03-29 08918377 core:PlantMachinery 2024-03-28 08918377 core:FurnitureFittings 2024-03-28 08918377 core:MotorVehicles 2024-03-28 08918377 core:WithinOneYear 2024-03-28 08918377 core:WithinOneYear 2023-03-29 08918377 core:ShareCapital 2024-03-28 08918377 core:ShareCapital 2023-03-29 08918377 core:RetainedEarningsAccumulatedLosses 2024-03-28 08918377 core:RetainedEarningsAccumulatedLosses 2023-03-29 08918377 core:NetGoodwill 2023-03-29 08918377 core:PlantMachinery 2023-03-29 08918377 core:FurnitureFittings 2023-03-29 08918377 core:MotorVehicles 2023-03-29 08918377 bus:SmallEntities 2023-03-30 2024-03-28 08918377 bus:AuditExemptWithAccountantsReport 2023-03-30 2024-03-28 08918377 bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-28 08918377 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-28 08918377 bus:FullAccounts 2023-03-30 2024-03-28
COMPANY REGISTRATION NUMBER: 08918377
TYKE BREWERIES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 March 2024
TYKE BREWERIES LIMITED
STATEMENT OF FINANCIAL POSITION
28 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
4
45,000
52,500
Tangible assets
5
48,223
58,052
--------
---------
93,223
110,552
CURRENT ASSETS
Stocks
3,150
Debtors
6
53,596
7,513
Cash at bank and in hand
157,961
210,705
---------
---------
211,557
221,368
CREDITORS: amounts falling due within one year
7
( 108,009)
( 115,382)
---------
---------
NET CURRENT ASSETS
103,548
105,986
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
196,771
216,538
PROVISIONS
Taxation including deferred tax
( 9,162)
( 11,030)
---------
---------
NET ASSETS
187,609
205,508
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
187,509
205,408
---------
---------
SHAREHOLDERS FUNDS
187,609
205,508
---------
---------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 March 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 .
TYKE BREWERIES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 March 2024
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:
A Gascoigne
Director
Company registration number: 08918377
TYKE BREWERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 MARCH 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 98 Main Street, Haworth, Keighley, BD22 8DP.
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 during the period, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and Buildings
-
5% straight line
Equipment
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. INTANGIBLE ASSETS
Goodwill
£
Cost
At 30 March 2023 and 28 March 2024
75,000
--------
Amortisation
At 30 March 2023
22,500
Charge for the year
7,500
--------
At 28 March 2024
30,000
--------
Carrying amount
At 28 March 2024
45,000
--------
At 29 March 2023
52,500
--------
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 30 March 2023 and 28 March 2024
47,275
32,566
14,950
692
95,483
--------
--------
--------
----
--------
Depreciation
At 30 March 2023
18,911
14,090
3,738
692
37,431
Charge for the year
4,255
2,771
2,803
9,829
--------
--------
--------
----
--------
At 28 March 2024
23,166
16,861
6,541
692
47,260
--------
--------
--------
----
--------
Carrying amount
At 28 March 2024
24,109
15,705
8,409
48,223
--------
--------
--------
----
--------
At 29 March 2023
28,364
18,476
11,212
58,052
--------
--------
--------
----
--------
6. DEBTORS
2024
2023
£
£
Other debtors
53,596
7,513
--------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,133
Trade creditors
1,894
3,518
Corporation tax
1,868
6,293
Other creditors
82,047
77,187
Other creditors
22,200
24,251
---------
---------
108,009
115,382
---------
---------