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Registered number: 12974077
Little Martha Brewing Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Pure Professionals
Chartered Accountants
12 Whiteladies Road
Bristol
BS8 1PD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12974077
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 284 162
Tangible Assets 5 70,958 28,981
71,242 29,143
CURRENT ASSETS
Stocks 6 2,100 3,600
Debtors 7 13,564 13,162
Cash at bank and in hand 62,445 81,727
78,109 98,489
Creditors: Amounts Falling Due Within One Year 8 (47,966 ) (59,154 )
NET CURRENT ASSETS (LIABILITIES) 30,143 39,335
TOTAL ASSETS LESS CURRENT LIABILITIES 101,385 68,478
NET ASSETS 101,385 68,478
CAPITAL AND RESERVES
Called up share capital 9 68 68
Capital redemption reserve 32 32
Profit and Loss Account 101,285 68,378
SHAREHOLDERS' FUNDS 101,385 68,478
Page 1
Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Pelin Morgan
Director
13/06/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Martha Brewing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12974077 . The registered office is Unit 23 Oxford Street, St Philips, Bristol, BS2 0QT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Straight Line
Computer Equipment 33% Straight Line
Page 3
Page 4
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 November 2023 270
Additions 220
As at 31 October 2024 490
Amortisation
As at 1 November 2023 108
Provided during the period 98
As at 31 October 2024 206
Net Book Value
As at 31 October 2024 284
As at 1 November 2023 162
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 4,560 30,350 - 2,572
Additions 5,993 37,652 9,209 2,295
Disposals - (2,250 ) - -
As at 31 October 2024 10,553 65,752 9,209 4,867
Depreciation
As at 1 November 2023 912 7,584 - 543
Provided during the period 1,055 8,630 2,302 731
Disposals - (624 ) - -
As at 31 October 2024 1,967 15,590 2,302 1,274
Net Book Value
As at 31 October 2024 8,586 50,162 6,907 3,593
As at 1 November 2023 3,648 22,766 - 2,029
Page 5
Page 6
Computer Equipment Total
£ £
Cost
As at 1 November 2023 1,019 38,501
Additions 2,015 57,164
Disposals - (2,250 )
As at 31 October 2024 3,034 93,415
Depreciation
As at 1 November 2023 481 9,520
Provided during the period 843 13,561
Disposals - (624 )
As at 31 October 2024 1,324 22,457
Net Book Value
As at 31 October 2024 1,710 70,958
As at 1 November 2023 538 28,981
6. Stocks
2024 2023
£ £
Stock 2,100 3,600
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 214 -
Other debtors 13,350 13,162
13,564 13,162
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,703 7,253
Other creditors 14,362 29,319
Taxation and social security 4,901 22,582
47,966 59,154
Page 6
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 68 68
Page 7