Powderkeg Brewery Ltd - Filleted accounts

Registered number

08975741

Powderkeg Brewery Ltd

Unaudited Filleted Accounts

30 April 2026

Powderkeg Brewery Ltd
Registered number:		08975741
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		2,409			3,213
Tangible assets	4		291,022			322,579
			293,431			325,792

Current assets
Stocks		50,337			44,343
Debtors	5	74,084			80,768
Cash at bank and in hand		83,544			55,696
		207,965			180,807

Creditors: amounts falling due within one year	6	(79,820)			(84,042)

Net current assets			128,145			96,765

Total assets less current liabilities			421,576			422,557

Creditors: amounts falling due after more than one year	7		(168,612)			(120,941)



Net assets			252,964			301,616

Capital and reserves
Called up share capital			102,273			102,273
Share premium			420,745			420,745
Profit and loss account			(270,054)			(221,402)

Shareholders' funds			252,964			301,616

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr J Magill
Director
Approved by the board on 29 September 2026

Powderkeg Brewery Ltd
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over the term of the lease
	Plant and machinery			over 10 - 20 years
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Grants
	Grants are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Website costs

	Cost
	At 1 May 2025							4,016
	At 30 April 2026							4,016

	Amortisation
	At 1 May 2025							803
	Provided during the year							804
	At 30 April 2026							1,607

	Net book value
	At 30 April 2026							2,409
	At 30 April 2025							3,213

	Website costs are being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2025	22,250		523,735		24,127		570,112
	Additions	-		3,282		-		3,282
	At 30 April 2026	22,250		527,017		24,127		573,394

	Depreciation
	At 1 May 2025	17,171		213,108		17,254		247,533
	Charge for the year	1,724		31,397		1,718		34,839
	At 30 April 2026	18,895		244,505		18,972		282,372

	Net book value
	At 30 April 2026	3,355		282,512		5,155		291,022
	At 30 April 2025	5,079		310,627		6,873		322,579


5	Debtors					2026		2025
£							£

	Trade debtors					25,439		39,374
	Deferred tax asset					34,067		23,339
	Other debtors					14,578		18,055
						74,084		80,768


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					13,799		12,173
	Trade creditors					21,274		31,257
	Taxation and social security costs					10,590		12,088
	Other creditors					34,157		28,524
						79,820		84,042


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					59,319		2,358
	Other creditors					109,293		118,583
						168,612		120,941


8	Loans					2026		2025
£							£
	Creditors include:

	Secured bank loans					70,743		-

	Bank loans are secured via fixed and floating charges over the company's assets and investments.


9	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					102,665		122,559


10	Other information

	Powderkeg Brewery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	10 Hogsbrook Units
	Woodbury Salterton
	Devon
	EX5 1PY