2023-06-012024-05-312024-05-31false11295473DYNAMITE VALLEY BREWERY 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DYNAMITE VALLEY BREWERY LIMITED

Registered Number
11295473
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

DYNAMITE VALLEY BREWERY LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

BAKER, Keith John

Registered Address

Unit 6 Viaduct Works
Frog Hill
Ponsanooth
TR3 7JW

Registered Number

11295473 (England and Wales)
DYNAMITE VALLEY BREWERY LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets49,61811,604
9,61811,604
Current assets
Stocks515,39318,199
Debtors612,00913,806
Cash at bank and on hand16,1117,594
43,51339,599
Creditors amounts falling due within one year7(49,226)(47,921)
Net current assets (liabilities)(5,713)(8,322)
Total assets less current liabilities3,9053,282
Creditors amounts falling due after one year8(9,849)(15,851)
Net assets(5,944)(12,569)
Capital and reserves
Called up share capital7070
Profit and loss account(6,014)(12,639)
Shareholders' funds(5,944)(12,569)
The financial statements were approved and authorised for issue by the Director on 20 August 2024, and are signed on its behalf by:
BAKER, Keith John
Director
Registered Company No. 11295473
DYNAMITE VALLEY BREWERY LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year12
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 23750750
At 31 May 24750750
Amortisation and impairment
At 01 June 23750750
At 31 May 24750750
Net book value
At 31 May 24--
At 31 May 23--
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 June 2328,98228,982
Additions1,2201,220
At 31 May 2430,20230,202
Depreciation and impairment
At 01 June 2317,37817,378
Charge for year3,2063,206
At 31 May 2420,58420,584
Net book value
At 31 May 249,6189,618
At 31 May 2311,60411,604
5.Stocks

2024

2023

££
Other stocks15,39318,199
Total15,39318,199
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,00913,806
Total12,00913,806
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,9203,058
Bank borrowings and overdrafts6,1526,152
Taxation and social security5,6806,611
Other creditors32,06831,696
Accrued liabilities and deferred income406404
Total49,22647,921
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,84915,851
Total9,84915,851