Company Registration No. 09926808 (England and Wales)
TOAST ALE LTD
Unaudited accounts
for the year ended 31 December 2022
TOAST ALE LTD
Unaudited accounts
Contents
TOAST ALE LTD
Company Information
for the year ended 31 December 2022
Directors
T Stuart
S Kremer
P Lindley
H Jones
R Wilson
L Ziane
M Gillane
C Brown
Company Number
09926808 (England and Wales)
Registered Office
4-7 Fulwood Place
London
WC1V 6HG
Accountants
CBBS Ltd
131 Railway Road
Rhoose
Barry
Vale of Glamorgan
CF62 3FE
TOAST ALE LTD
Statement of financial position
as at 31 December 2022
Intangible assets
5,153
6,146
Investments
365,448
365,448
Inventories
276,948
286,109
Cash at bank and in hand
1,836,520
75,405
Creditors: amounts falling due within one year
(111,903)
(206,120)
Net current assets
2,102,647
288,648
Total assets less current liabilities
2,474,653
660,242
Creditors: amounts falling due after more than one year
(280,856)
(525,076)
Net assets
2,193,797
135,166
Called up share capital
189
147
Share premium
3,635,581
1,371,179
Profit and loss account
(1,441,973)
(1,236,160)
Shareholders' funds
2,193,797
135,166
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2023 and were signed on its behalf by
R Wilson
Director
Company Registration No. 09926808
TOAST ALE LTD
Notes to the Accounts
for the year ended 31 December 2022
TOAST ALE LTD is a private company, limited by shares, registered in England and Wales, registration number 09926808. The registered office is 4-7 Fulwood Place, London, WC1V 6HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Trademark costs are being written off in equal annual instalments over their estimated economic life of 10 years.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value and the Directors have therefore written these down in value as shown in the year under review.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
TOAST ALE LTD
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
365,448
Valuation at 31 December 2022
365,448
Toast Ale Ltd holds a 90.1% investment in its subsidiary Toast Ale LLC a US based company. As allowed under the small companies regime Toast Ale UK has not prepared consolidated accounts.
Amounts falling due within one year
Trade debtors
98,094
120,169
Accrued income and prepayments
-
11,685
TOAST ALE LTD
Notes to the Accounts
for the year ended 31 December 2022
8
Creditors: amounts falling due within one year
2022
2021
Trade creditors
91,187
178,639
Taxes and social security
8,332
5,012
Other creditors
2,461
2,441
9
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
245,205
245,205
10
Transactions with related parties
There is a loan of £245,205 owed to a company director, no interest was charged on this during the year under review.
11
Average number of employees
During the year the average number of employees was 5 (2021: 4).