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REGISTERED NUMBER: 04444494 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THE MILLSTONE BREWERY LIMITED

THE MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MILLSTONE BREWERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Mr T Braithwaite





SECRETARY:





REGISTERED OFFICE: Unit 4 , Vale Mill
Micklehurst Road
Mossley
Ashton-Under-Lyne
Lancashire
OL5 9JL





REGISTERED NUMBER: 04444494 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

THE MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,823 25,555

CURRENT ASSETS
Stocks 27,290 19,298
Debtors 6 32,455 29,933
Cash at bank and in hand 169,953 122,060
229,698 171,291
CREDITORS
Amounts falling due within one year 7 48,885 46,184
NET CURRENT ASSETS 180,813 125,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,636

150,662

PROVISIONS FOR LIABILITIES 5,111 4,071
NET ASSETS 206,525 146,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,425 146,491
SHAREHOLDERS' FUNDS 206,525 146,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)

BALANCE SHEET - continued
31 May 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 25 February 2025 and were signed by:





Mr T Braithwaite - Director


THE MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Millstone 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 20% on reducing balance
Office Equipment - 20% 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.

THE MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property Machinery Equipment
£    £    £   
COST
At 1 June 2023 3,000 88,876 921
Additions - 12,813 -
At 31 May 2024 3,000 101,689 921
DEPRECIATION
At 1 June 2023 - 75,766 899
Charge for year - 5,185 4
At 31 May 2024 - 80,951 903
NET BOOK VALUE
At 31 May 2024 3,000 20,738 18
At 31 May 2023 3,000 13,110 22

Motor Computer
Vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 16,250 862 109,909
Additions - - 12,813
At 31 May 2024 16,250 862 122,722
DEPRECIATION
At 1 June 2023 7,110 579 84,354
Charge for year 2,285 71 7,545
At 31 May 2024 9,395 650 91,899
NET BOOK VALUE
At 31 May 2024 6,855 212 30,823
At 31 May 2023 9,140 283 25,555

THE MILLSTONE BREWERY LIMITED (REGISTERED NUMBER: 04444494)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 27,351 28,407
Other debtors 5,104 1,526
32,455 29,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 45,100 40,726
Other creditors 3,785 5,458
48,885 46,184

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,600 (2023 - £18,975) were paid to the directors .

There were no related party transactions requiring disclosure.