2022-01-012022-12-312022-12-31false08841393CLOUDWATER BREW CO LTD2023-09-2911050iso4217:GBPxbrli:pure088413932022-01-01088413932022-12-31088413932022-01-012022-12-31088413932021-01-01088413932021-12-31088413932021-01-012021-12-3108841393bus:SmallEntities2022-01-012022-12-3108841393bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3108841393bus:FullAccounts2022-01-012022-12-3108841393bus:PrivateLimitedCompanyLtd2022-01-012022-12-3108841393core:WithinOneYear2022-12-3108841393core:AfterOneYear2022-12-3108841393core:WithinOneYear2021-12-3108841393core:AfterOneYear2021-12-3108841393core:ShareCapital2022-12-3108841393core:SharePremium2022-12-3108841393core:RevaluationReserve2022-12-3108841393core:OtherReservesSubtotal2022-12-3108841393core:RetainedEarningsAccumulatedLosses2022-12-3108841393core:ShareCapital2021-12-3108841393core:SharePremium2021-12-3108841393core:RevaluationReserve2021-12-3108841393core:OtherReservesSubtotal2021-12-3108841393core:RetainedEarningsAccumulatedLosses2021-12-3108841393core:LandBuildings2022-12-3108841393core:PlantMachinery2022-12-3108841393core:Vehicles2022-12-3108841393core:FurnitureFittings2022-12-3108841393core:OfficeEquipment2022-12-3108841393core:NetGoodwill2022-12-3108841393core:IntangibleAssetsOtherThanGoodwill2022-12-3108841393core:ListedExchangeTraded2022-12-3108841393core:UnlistedNon-exchangeTraded2022-12-3108841393core:LandBuildings2021-12-3108841393core:PlantMachinery2021-12-3108841393core:Vehicles2021-12-3108841393core:FurnitureFittings2021-12-3108841393core:OfficeEquipment2021-12-3108841393core:NetGoodwill2021-12-3108841393core:IntangibleAssetsOtherThanGoodwill2021-12-3108841393core:ListedExchangeTraded2021-12-3108841393core:UnlistedNon-exchangeTraded2021-12-3108841393core:LandBuildings2022-01-012022-12-3108841393core:PlantMachinery2022-01-012022-12-3108841393core:Vehicles2022-01-012022-12-3108841393core:FurnitureFittings2022-01-012022-12-3108841393core:OfficeEquipment2022-01-012022-12-3108841393core:NetGoodwill2022-01-012022-12-3108841393core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108841393core:ListedExchangeTraded2022-01-012022-12-3108841393core:UnlistedNon-exchangeTraded2022-01-012022-12-3108841393core:MoreThanFiveYears2022-01-012022-12-3108841393core:Non-currentFinancialInstruments2022-12-3108841393core:Non-currentFinancialInstruments2021-12-3108841393dpl:CostSales2022-01-012022-12-3108841393dpl:DistributionCosts2022-01-012022-12-3108841393dpl:AdministrativeExpenses2022-01-012022-12-3108841393core:LandBuildings2022-01-012022-12-3108841393core:PlantMachinery2022-01-012022-12-3108841393core:Vehicles2022-01-012022-12-3108841393core:FurnitureFittings2022-01-012022-12-3108841393core:OfficeEquipment2022-01-012022-12-3108841393core:NetGoodwill2022-01-012022-12-3108841393core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108841393dpl:GroupUndertakings2022-01-012022-12-3108841393dpl:ParticipatingInterests2022-01-012022-12-3108841393dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3108841393core:ListedExchangeTraded2022-01-012022-12-3108841393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3108841393core:UnlistedNon-exchangeTraded2022-01-012022-12-3108841393dpl:CostSales2021-01-012021-12-3108841393dpl:DistributionCosts2021-01-012021-12-3108841393dpl:AdministrativeExpenses2021-01-012021-12-3108841393core:LandBuildings2021-01-012021-12-3108841393core:PlantMachinery2021-01-012021-12-3108841393core:Vehicles2021-01-012021-12-3108841393core:FurnitureFittings2021-01-012021-12-3108841393core:OfficeEquipment2021-01-012021-12-3108841393core:NetGoodwill2021-01-012021-12-3108841393core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3108841393dpl:GroupUndertakings2021-01-012021-12-3108841393dpl:ParticipatingInterests2021-01-012021-12-3108841393dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3108841393core:ListedExchangeTraded2021-01-012021-12-3108841393dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3108841393core:UnlistedNon-exchangeTraded2021-01-012021-12-3108841393core:NetGoodwill2022-12-3108841393core:IntangibleAssetsOtherThanGoodwill2022-12-3108841393core:LandBuildings2022-12-3108841393core:PlantMachinery2022-12-3108841393core:Vehicles2022-12-3108841393core:FurnitureFittings2022-12-3108841393core:OfficeEquipment2022-12-3108841393core:AfterOneYear2022-12-3108841393core:WithinOneYear2022-12-3108841393core:ListedExchangeTraded2022-12-3108841393core:UnlistedNon-exchangeTraded2022-12-3108841393core:ShareCapital2022-12-3108841393core:SharePremium2022-12-3108841393core:RevaluationReserve2022-12-3108841393core:OtherReservesSubtotal2022-12-3108841393core:RetainedEarningsAccumulatedLosses2022-12-3108841393core:NetGoodwill2021-12-3108841393core:IntangibleAssetsOtherThanGoodwill2021-12-3108841393core:LandBuildings2021-12-3108841393core:PlantMachinery2021-12-3108841393core:Vehicles2021-12-3108841393core:FurnitureFittings2021-12-3108841393core:OfficeEquipment2021-12-3108841393core:AfterOneYear2021-12-3108841393core:WithinOneYear2021-12-3108841393core:ListedExc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CLOUDWATER BREW CO LTD

Registered Number
08841393
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

CLOUDWATER BREW CO LTD
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

P Jones

Registered Address

Unit 7 & 8 Piccadilly Trading Estate
Manchester
M1 2NP

Registered Number

08841393 (England and Wales)
CLOUDWATER BREW CO LTD
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets7616,423822,630
616,423822,630
Current assets
Stocks8482,906487,800
Debtors9763,250558,853
Cash at bank and on hand74,545278,310
1,320,7011,324,963
Creditors amounts falling due within one year10(1,003,327)(501,619)
Net current assets (liabilities)317,374823,344
Total assets less current liabilities933,7971,645,974
Creditors amounts falling due after one year11(2,407,917)(2,498,584)
Net assets(1,474,120)(852,610)
Capital and reserves
Called up share capital11
Profit and loss account(1,474,121)(852,611)
Shareholders' funds(1,474,120)(852,610)
The financial statements were approved and authorised for issue by the Director on 29 September 2023, and are signed on its behalf by:
P Jones
Director
Registered Company No. 08841393
CLOUDWATER BREW CO LTD
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Stocks policy
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Employee benefits policy
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
Going concern
The company meets day to day working capital requirements from director related entities or the director. The director has undertaken an assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of 12 months from the date of approval of the accounts. Funds to meet the cashflow requirements are in place and the director does not anticipate any material overspend. The director is therefore satisfied that the going concern assumption remains appropriate.
5.Critical estimates and judgements
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
6.Employee information

20222021
Average number of employees during the year5671
7.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 January 222,308,70585,5452,394,250
Additions7,756-7,756
Disposals(18,176)(19,995)(38,171)
At 31 December 222,298,28565,5502,363,835
Depreciation and impairment
At 01 January 221,526,50545,1151,571,620
Charge for year192,5529,218201,770
On disposals(9,541)(16,437)(25,978)
At 31 December 221,709,51637,8961,747,412
Net book value
At 31 December 22588,76927,654616,423
At 31 December 21782,20040,430822,630
8.Stocks

2022

2021

££
Raw materials and consumables482,906487,800
Total482,906487,800
9.Debtors

2022

2021

££
Trade debtors / trade receivables412,418225,155
Other debtors280,278171,282
Prepayments and accrued income70,554162,416
Total763,250558,853
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
10.Creditors within one year

2022

2021

££
Trade creditors / trade payables641,463208,554
Taxation and social security332,693184,688
Finance lease and HP contracts11,28033,840
Other creditors17,89174,537
Total1,003,327501,619
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
11.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts589,333680,000
Other creditors1,818,5841,818,584
Total2,407,9172,498,584
12.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.