Unicorn Craft Brewing Co Limited - Accounts to registrar (filleted) - small 23.1.2
Unicorn Craft Brewing Co Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unicorn Craft Brewing Co Limited |
| Unaudited Financial Statements for the Year Ended 30 November 2022 |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Unicorn Craft Brewing Co Limited |
| Company Information |
| for the Year Ended 30 November 2022 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 5 Queen Street |
| Great Yarmouth |
| Norfolk |
| NR30 2QP |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Statement of Financial Position |
| 30 November 2022 |
| 30/11/22 | 30/11/21 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Statement of Financial Position - continued |
| 30 November 2022 |
| 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 |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2022 |
| 1. | Statutory information |
| Unicorn Craft Brewing Co Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| 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. |
| Tangible fixed assets |
| Leasehold Improvements | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Government grants |
| Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within the profit and loss in the same period as the related expenditure. This includes Coronavirus local authority grants. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2022 |
| 2. | Accounting policies - continued |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Development |
| Goodwill | costs | Totals |
| £ | £ | £ |
| Cost |
| At 1 December 2021 |
| and 30 November 2022 |
| Amortisation |
| At 1 December 2021 |
| Amortisation for year |
| At 30 November 2022 |
| Net book value |
| At 30 November 2022 |
| At 30 November 2021 |
| Unicorn Craft Brewing Co Limited (Registered number: 11080676) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2022 |
| 5. | Tangible fixed assets |
| Fixtures |
| Leasehold | Plant and | and | Motor |
| Improvements | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 December 2021 |
| Additions |
| At 30 November 2022 |
| Depreciation |
| At 1 December 2021 |
| Charge for year |
| At 30 November 2022 |
| Net book value |
| At 30 November 2022 |
| At 30 November 2021 |
| 6. | Debtors: amounts falling due within one year |
| 30/11/22 | 30/11/21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 30/11/22 | 30/11/21 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to associates | 60,000 | 85,000 |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 30/11/22 | 30/11/21 |
| £ | £ |
| Bank loans |
| 9. | Related party disclosures |
| At the year end a director is owed £50456 (2021 - £50456) relating to an interest free loan with no set repayment terms. |