MAKERS PUB CO - THE PLOUGH INN LTD


Directors	S Robinson
	R Wilkins


Registered Address	The Plough Inn Bridgnorth Road
	Wollaston
	Stourbridge
	DY8 3PD


Registered Number	16370177 (England and Wales)

Notes to the Financial Statements
for the period ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

	Judgements and key sources of estimation uncertainty
	In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and  assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements,  estimates and assumptions are based on the best and most reliable evidence available at the time when the  decisions are made, and are based on historical experience and other factors that are considered to be  appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual  results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates  are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the  period of the revision and future periods, if the revision affects both current and future periods.

	Revenue from sale of goods
	Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Revenue from sale of goods

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value  added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

	Operating leases
	Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined contribution pension plan

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and  the company has no legal or constructive obligation to pay further contributions even if the fund does not hold  sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If  contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

	Current taxation
	The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Current taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change  attributable to an item of income or expense recognised as other comprehensive income is also recognised  directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or  substantively enacted by the reporting date in the countries where the company operates and generates  taxable income.

	Tangible fixed assets and depreciation
	Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tangible fixed assets and depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and  subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and  installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:


		Straight line (years)
	Plant and machinery	6.67
	Fixtures and fittings	5
	Office Equipment	6.67

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is  determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct  labour costs and those overheads that have been incurred in bringing the inventories to their present location  and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying  amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised  immediately in profit or loss.

	Trade and other debtors
	Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary  course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised  cost using the effective interest method, less provision for impairment. A provision for the impairment of trade  debtors is established when there is objective evidence that the company will not be able to collect all  amounts due according to the original terms of the receivables.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of  business from suppliers. Accounts payable are classified as current liabilities if the company does not have an  unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve  months after the reporting date. If there is an unconditional right to defer settlement for at least twelve  months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost  using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.	Average number of employees


		2026
	Average number of employees during the year	2

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
Additions	6,000	55,112	17,016	78,128
At 30 April 26	6,000	55,112	17,016	78,128
Depreciation and impairment
Charge for year	113	7,774	1,732	9,619
At 30 April 26	113	7,774	1,732	9,619
Net book value
At 30 April 26	5,887	47,338	15,284	68,509
At 06 April 25	-	-	-	-

4.	Stocks

		2026
		£
	Other stocks	30,382
	Total	30,382

5.	Debtors: amounts due within one year

		2026
		£
	Other debtors	34,577
	Prepayments and accrued income	3,891
	Total	38,468

6.	Creditors: amounts due within one year

		2026
		£
	Trade creditors / trade payables	45,000
	Amounts owed to related parties	78,664
	Taxation and social security	42,155
	Other creditors	2,421
	Total	168,240

7.	Share capital
	Allotted, called up and fully paid shares 2 Ordinary shares of £1 each

	Notes	2026
		£	£
Fixed assets
Tangible assets	3		68,509
			68,509
Current assets
Stocks	4	30,382
Debtors	5	38,468
Cash at bank and on hand		92,526
		161,376
Creditors amounts falling due within one year	6	(168,240)
Net current assets (liabilities)			(6,864)
Total assets less current liabilities			61,645
Net assets			61,645
Capital and reserves
Called up share capital			2
Profit and loss account			61,643
Shareholders' funds			61,645