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Company Registration No. 04855899 (England and Wales)
Cask Limited Unaudited accounts for the year ended 31 August 2024
Cask Limited Unaudited accounts Contents
Page
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Cask Limited Company Information for the year ended 31 August 2024
Directors
Stephen Paul Hughes Wendy Christine Hughes
Company Number
04855899 (England and Wales)
Registered Office
Sebastopol Inn Church Lane Minting Horncastle Lincolnshire LN9 5RS England
Accountants
S & N D Rawlins Badgers Holt Friesthorpe Road Buslingthorpe Lincolnshire LN3 5AQ
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Cask Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,985 
2,547 
Current assets
Inventories
2,000 
1,200 
Cash at bank and in hand
1,962 
2,371 
3,962 
3,571 
Creditors: amounts falling due within one year
(4,561)
(3,846)
Net current liabilities
(599)
(275)
Total assets less current liabilities
1,386 
2,272 
Provisions for liabilities
Deferred tax
(316)
(484)
Net assets
1,070 
1,788 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,068 
1,786 
Shareholders' funds
1,070 
1,788 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Stephen Paul Hughes Director Company Registration No. 04855899
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Cask Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Cask Limited is a private company, limited by shares, registered in England and Wales, registration number 04855899. The registered office is Sebastopol Inn, Church Lane Minting, Horncastle, Lincolnshire, LN9 5RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Cask Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
14,725 
At 31 August 2024
14,725 
Depreciation
At 1 September 2023
12,178 
Charge for the year
562 
At 31 August 2024
12,740 
Net book value
At 31 August 2024
1,985 
At 31 August 2023
2,547 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
179 
1,813 
Taxes and social security
- 
20 
Loans from directors
3,792 
1,438 
Accruals
590 
575 
4,561 
3,846 
6
Transactions with related parties
The company is controlled by Mr S P Hughes and Mrs W C Hughes who own 100% of its issued share capital.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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