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REGISTERED NUMBER: 10311471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2021

for

BIRMINGHAM BREWING COMPANY LTD

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Contents of the Financial Statements
for the Year Ended 31st August 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRMINGHAM BREWING COMPANY LTD

Company Information
for the Year Ended 31st August 2021







DIRECTORS: Mr P Harwood
Ms C Harwood





REGISTERED OFFICE: 17 Stirchley Trading Estate
Hazelwell Road
Birmingham
B30 2PF





REGISTERED NUMBER: 10311471 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Balance Sheet
31st August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,568 97,716

CURRENT ASSETS
Stocks 5 65,514 23,742
Debtors 6 54,003 32,604
Cash at bank 14,354 27,057
133,871 83,403
CREDITORS
Amounts falling due within one year 7 161,300 102,146
NET CURRENT LIABILITIES (27,429 ) (18,743 )
TOTAL ASSETS LESS CURRENT LIABILITIES 244,139 78,973

CREDITORS
Amounts falling due after more than one
year

8

(218,780

)

(97,385

)

PROVISIONS FOR LIABILITIES 10 (5,023 ) -
NET ASSETS/(LIABILITIES) 20,336 (18,412 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 20,334 (18,414 )
SHAREHOLDERS' FUNDS 20,336 (18,412 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Balance Sheet - continued
31st August 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2022 and were signed on its behalf by:





Mr P Harwood - Director


BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Notes to the Financial Statements
for the Year Ended 31st August 2021


1. STATUTORY INFORMATION

Birmingham Brewing Company Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2021


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2020 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st September 2020 105,131 10,549 2,848 118,528
Additions 205,429 1,926 1,449 208,804
At 31st August 2021 310,560 12,475 4,297 327,332
DEPRECIATION
At 1st September 2020 15,079 4,191 1,542 20,812
Charge for year 31,056 2,792 1,104 34,952
At 31st August 2021 46,135 6,983 2,646 55,764
NET BOOK VALUE
At 31st August 2021 264,425 5,492 1,651 271,568
At 31st August 2020 90,052 6,358 1,306 97,716

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2021


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st September 2020 7,700
Additions 197,729
At 31st August 2021 205,429
DEPRECIATION
At 1st September 2020 1,286
Charge for year 20,543
At 31st August 2021 21,829
NET BOOK VALUE
At 31st August 2021 183,600
At 31st August 2020 6,414

5. STOCKS
2021 2020
£    £   
Stocks 24,354 17,284
Work-in-progress 41,160 6,458
65,514 23,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 45,075 20,488
Other debtors 5,029 5,029
Deferred tax asset - 4,093
Prepayments 3,899 2,994
54,003 32,604

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 9) 120 1,103
Other loans (see note 9) 6,250 56,250
Hire purchase contracts 32,973 1,386
Trade creditors 73,262 17,613
Social security and other taxes 6,572 2,321
VAT 26,471 14,475
Other creditors 3,404 2,615
Pension Fund 166 86
Net wages 12,082 5,697
Accrued expenses - 600
161,300 102,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Other loans (see note 9) 5,208 11,458
Hire purchase contracts 126,529 3,350
Directors' loan accounts 87,043 82,577
218,780 97,385

9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 120 1,103
Other loans 6,250 56,250
6,370 57,353

Amounts falling due between one and two years:
Other loans - 1-2 years 5,208 6,250

Amounts falling due between two and five years:
Other loans - 2-5 years - 5,208

BIRMINGHAM BREWING COMPANY LTD (REGISTERED NUMBER: 10311471)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2021


10. PROVISIONS FOR LIABILITIES
2021
£   
Deferred tax
Accelerated capital allowances 51,598
Tax losses carried forward (46,575 )
5,023

Deferred
tax
£   
Balance at 1st September 2020 (4,093 )
Provided during year 9,116
Balance at 31st August 2021 5,023

11. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 1
2 2