The Fightback Brewing Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11706476 (England and Wales)

Financial Statements

for the Year Ended 30 November 2021

for

THE FIGHTBACK BREWING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Thomas

R J M Smith

G Prosser

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

11706476 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

154

176

CURRENT ASSETS

Debtors

5

-

3,399

Cash at bank

2,322

-

2,322

3,399

CREDITORS

Amounts falling due within one year

6

(19,186

)

(11,947

)

NET CURRENT LIABILITIES

(16,864

)

(8,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,710

)

(8,372

)

CREDITORS

Amounts falling due after more than one year

7

(1,800

)

(2,000

)

NET LIABILITIES

(18,510

)

(10,372

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

(18,513

)

(10,375

)

SHAREHOLDERS' FUNDS

(18,510

)

(10,372

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:

D P Thomas - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Government grants

Government grants are calculated and disclosed using the performance model. The amounts received are as follows:-

Bounceback loan interest : £25 (2020 : £25)

There are no unfulfilled conditions attaching to these grants.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2020

and 30 November 2021

220

AMORTISATION

At 1 December 2020

44

Charge for year

22

At 30 November 2021

66

NET BOOK VALUE

At 30 November 2021

154

At 30 November 2020

176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

-

953

Other debtors

-

2,446

-

3,399

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

-

1,542

Trade creditors

5,431

1,860

Taxation and social security

851

-

Other creditors

12,904

8,545

19,186

11,947

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans

1,800

2,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

3

Ordinary

£1

3

3

9.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.