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Company No: 14274985 (England and Wales)

BRASLOU BIERE LTD

Unaudited Financial Statements
For the financial period ended 31 August 2024
Pages for filing with the registrar

BRASLOU BIERE LTD

Unaudited Financial Statements

For the financial period ended 31 August 2024

Contents

BRASLOU BIERE LTD

BALANCE SHEET

As at 31 August 2024
BRASLOU BIERE LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.2024 31.08.2023
£ £
Fixed assets
Tangible assets 3 30,879 32,869
30,879 32,869
Current assets
Stocks 2,200 3,610
Debtors 4 3,309 1,667
5,509 5,277
Creditors: amounts falling due within one year 5 ( 58,764) ( 35,213)
Net current liabilities (53,255) (29,936)
Total assets less current liabilities (22,376) 2,933
Creditors: amounts falling due after more than one year 6 ( 11) ( 11)
Net (liabilities)/assets ( 22,387) 2,922
Capital and reserves
Called-up share capital 7 105 105
Share premium account 20,985 20,985
Profit and loss account ( 43,477 ) ( 18,168 )
Total shareholders' (deficit)/funds ( 22,387) 2,922

For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Braslou Biere Ltd (registered number: 14274985) were approved and authorised for issue by the Director on 25 May 2025. They were signed on its behalf by:

T Barnes
Director
BRASLOU BIERE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 August 2024
BRASLOU BIERE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Braslou Biere Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Church Street, Padstow, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £22,387. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The previous reporting period was 13 months. This is due to the company incorporating on 3 August 2022.

Turnover

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
31.08.2024
Period from
03.08.2022 to
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 0

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 September 2023 13,384 22,015 35,399
Additions 0 4,751 4,751
At 31 August 2024 13,384 26,766 40,150
Accumulated depreciation
At 01 September 2023 1,107 1,423 2,530
Charge for the financial period 2,677 4,064 6,741
At 31 August 2024 3,784 5,487 9,271
Net book value
At 31 August 2024 9,600 21,279 30,879
At 31 August 2023 12,277 20,592 32,869

4. Debtors

31.08.2024 31.08.2023
£ £
Trade debtors 2,209 567
Other debtors 1,100 1,100
3,309 1,667

5. Creditors: amounts falling due within one year

31.08.2024 31.08.2023
£ £
Bank overdrafts 9,705 3,112
Trade creditors 3,047 0
Other creditors 46,012 32,101
58,764 35,213

6. Creditors: amounts falling due after more than one year

31.08.2024 31.08.2023
£ £
Other creditors 11 11

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

31.08.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
104,738 Oridnary ordinary shares of £ 0.001 each 105 105

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.08.2024 31.08.2023
£ £
within one year 13,350 11,180
between one and five years 33,375 39,130
46,725 50,310