10 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-22 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC783484 2023-09-22 2024-09-30 SC783484 2024-09-30 SC783484 2023-09-21 SC783484 core:PlantMachinery 2023-09-22 2024-09-30 SC783484 core:FurnitureFittings 2023-09-22 2024-09-30 SC783484 bus:Director1 2023-09-22 2024-09-30 SC783484 core:WithinOneYear 2024-09-30 SC783484 core:ShareCapital 2024-09-30 SC783484 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC783484 bus:Director1 2024-09-30 SC783484 bus:SmallEntities 2023-09-22 2024-09-30 SC783484 bus:AuditExemptWithAccountantsReport 2023-09-22 2024-09-30 SC783484 bus:SmallCompaniesRegimeForAccounts 2023-09-22 2024-09-30 SC783484 bus:PrivateLimitedCompanyLtd 2023-09-22 2024-09-30 SC783484 bus:AbridgedAccounts 2023-09-22 2024-09-30
COMPANY REGISTRATION NUMBER: SC783484
The Brew Barn (Strathaven) Limited
Filleted Unaudited Abridged Financial Statements
For the period ended
30 September 2024
The Brew Barn (Strathaven) Limited
Abridged Financial Statements
Period from 22 September 2023 to 30 September 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
The Brew Barn (Strathaven) Limited
Abridged Statement of Financial Position
30 September 2024
30 Sep 24
Note
£
Fixed assets
Tangible assets
5
5,781
Current assets
Stocks
2,500
Debtors
7,973
Cash at bank and in hand
3,015
--------
13,488
Creditors: amounts falling due within one year
18,316
--------
Net current liabilities
4,828
-------
Total assets less current liabilities
953
----
Net assets
953
----
Capital and reserves
Called up share capital
104
Profit and loss account
849
----
Shareholder funds
953
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the Period ending 30 September 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 member has not required the company to obtain an audit of its abridged financial statements for the Period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
The Brew Barn (Strathaven) Limited
Abridged Statement of Financial Position (continued)
30 September 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 21 June 2025 , and are signed on behalf of the board by:
Mr M Shields
Director
Company registration number: SC783484
The Brew Barn (Strathaven) Limited
Notes to the Abridged Financial Statements
Period from 22 September 2023 to 30 September 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Mechanics Workshop, New Lanark, Lanark, ML11 9DB, Scotland.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the company's ability to continue. The director has taken steps to ensure there are sufficient funds to meet the company's working capital requirement for the foreseeable future, and still consider the going concern approach to be appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Investments are measured at cost less impairment. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the Period amounted to 10 .
5. Tangible assets
£
Cost
At 22 September 2023
Additions
6,374
-------
At 30 September 2024
6,374
-------
Depreciation
At 22 September 2023
Charge for the period
593
-------
At 30 September 2024
593
-------
Carrying amount
At 30 September 2024
5,781
-------
6. Pension commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The amount of unpaid contributions at the balance sheet date amounted to £275 and are included in other creditors.
7. Director's advances, credits and guarantees
During the Period the director entered into the following advances and credits with the company:
30 Sep 24
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr M Shields
3,394
( 723)
2,671
----
-------
----
-------
The loan is repayable on demand and no interest is chargeable on the balance.