Tintagel Brewery Limited 31/10/2022 iXBRL
Tintagel Brewery Limited 31/10/2022 iXBRL
Company registration number:
05956212
TINTAGEL BREWERY LIMITED
STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Stocks |
|
|
|||||||
Debtors | 6 |
|
|
||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year | 7 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current assets |
|
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
|
|||||||
Creditors: amounts falling due | |||||||||
after more than one year | 8 |
(
|
(
|
||||||
Provisions for liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net assets |
|
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
_______ | _______ | ||||||||
Shareholders funds |
|
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 July 2023
, and are signed on behalf of the board by:
Director
Company registration number:
05956212
TINTAGEL BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Westcotts, 7C Cranmere Road, Okehampton, Devon, EX20 1UE.
Principal activity
The principal activity of the company is the running of a brewery with visitor centre.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
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.
Taxation
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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 | - |
|
|
|
Motor vehicles | - |
|
|
|
Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
Principal activity
The principal activity of the company is the running of a brewery with visitor centre.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2021:
8
).
5.
Tangible assets
Long leasehold property | Plant and machinery | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 November 2021 |
|
|
|
|
|
Additions | - |
|
|
|
|
_______ | _______ | _______ | _______ | ||
At 31 October 2022 |
|
|
|
|
|
_______ | _______ | _______ | _______ | ||
Depreciation | |||||
At 1 November 2021 | - |
|
|
|
|
Charge for the year | - |
|
|
|
|
_______ | _______ | _______ | _______ | ||
At 31 October 2022 | - |
|
|
|
|
_______ | _______ | _______ | _______ | ||
Carrying amount | |||||
At 31 October 2022 |
|
|
|
|
|
_______ | _______ | _______ | _______ | ||
At 31 October 2021 |
|
|
|
|
|
_______ | _______ | _______ | _______ | ||
6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
|
|
||
Other debtors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
|
- | ||
Trade creditors |
|
|
||
Accruals and deferred income |
|
|
||
Social security and other taxes | 53,465 | 59,179 | ||
Other creditors | 61,073 | 19,483 | ||
_______ | _______ | |||
211,776 | 131,931 | |||
_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Directors |
(
|
|
(
|
|
|
_______ | _______ | _______ | _______ | ||
2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Directors |
|
|
(
|
(
|
|
_______ | _______ | _______ | _______ | ||
Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.