Company No:
Contents
DIRECTOR | T Barnes |
REGISTERED OFFICE | 19 Church Street |
Padstow | |
United Kingdom |
COMPANY NUMBER | 14274985 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
Note | 31.08.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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32,869 | ||
Current assets | ||
Stocks | 4 |
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Debtors | 5 |
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5,277 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (29,936) | |
Total assets less current liabilities | 2,933 | |
Creditors: amounts falling due after more than one year | 7 | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 8 |
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Share premium account |
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Profit and loss account | (
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Braslou Biere Ltd (registered number:
T Barnes
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Braslou Biere Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Church Street, Padstow, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £2,922. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The reporting period is 13 months. This is due to the company incorporating on 3 August 2022.
Leasehold improvements | not depreciated |
Plant and machinery |
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Fixtures and fittings |
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Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 03.08.2022 to 31.08.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including the director |
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Leasehold improve- ments |
Plant and machinery | Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 03 August 2022 |
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Additions |
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At 31 August 2023 |
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Accumulated depreciation | |||||||
At 03 August 2022 |
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Charge for the financial period |
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At 31 August 2023 |
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Net book value | |||||||
At 31 August 2023 |
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31.08.2023 | |
£ | |
Stocks |
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31.08.2023 | |
£ | |
Trade debtors |
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Other debtors |
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31.08.2023 | |
£ | |
Bank overdrafts |
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Other creditors |
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31.08.2023 | |
£ | |
Other creditors |
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31.08.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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In the financial period 2023 Ordinary shares were allotted with an aggregate nominal value of £104.638 and consideration of £20,090 was received.
Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
31.08.2023 | |
£ | |
within one year |
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between one and five years |
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