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REGISTERED NUMBER: 02531835 (England and Wales)






















Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 January 2023

for

Small Beer Limited

Small Beer Limited (Registered number: 02531835)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 6

Other Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


Small Beer Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R W Eastwood
Mrs K L Eastwood
Mrs J A Eastwood



REGISTERED OFFICE: Unit 1, Churchill Business Park Sleaford
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2FF



REGISTERED NUMBER: 02531835 (England and Wales)



SENIOR STATUTORY AUDITOR: James Sewell BA (Hons) FCA CTA



AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Small Beer Limited (Registered number: 02531835)

Strategic Report
for the Year Ended 31 January 2023

The directors present their strategic report for the year ended 31 January 2023.

The principal activity of the company in the year under review was that of wholesale supply and distribution of alcoholic and other drinks.

REVIEW OF BUSINESS
The results for the year and the financial position of the company at 31 January 2023 are as shown in the annexed financial statements.

Given the non-complex nature of the company and its business, this review is considered to be balanced and comprehensive, having regard to the size of the company. The review also considers any risks or uncertainties faced by the company.

The directors are satisfied with the results for the year. Turnover for the year increased to £21.8 million from £14.1 million in the previous year.

The key financial performance indicators are as follows:
- The gross profit percentage is 20.8% (2022 : 18.1%)
- The net profit percentage is 4.2% (2022: 3.0%)

PRINCIPAL RISKS AND UNCERTAINTIES
There is risk of the loss of key customer accounts. The company, however, has an excellent reputation and service with its customers, which helps to minimise the particular risk.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The company uses various financial instruments including cash, bank current account, hire purchase agreements and items such as trade debtors and trade creditors. The main purpose of these instruments is to finance the operations of the company.

Trade debtors are managed for credit and cash flow risk by policies in place to determine credit limits offered to the customers and a daily monitoring of amounts outstanding for age and limits. The company aims to minimise the risk of doubtful debts through the use of trade references and general experience of the industry.

Trade creditors liquidity risk is managed by ensuring there are sufficient funds available to meet amounts falling due.

ON BEHALF OF THE BOARD:





R W Eastwood - Director


16 October 2023

Small Beer Limited (Registered number: 02531835)

Report of the Directors
for the Year Ended 31 January 2023

The directors present their report with the financial statements of the company for the year ended 31 January 2023.

DIVIDENDS
The total distribution of dividends for the year ended 31 January 2023 will be £ 728,230 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2022 to the date of this report.

R W Eastwood
Mrs K L Eastwood
Mrs J A Eastwood

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R W Eastwood - Director


16 October 2023

Report of the Independent Auditors to the Members of
Small Beer Limited

Opinion
We have audited the financial statements of Small Beer Limited (the 'company') for the year ended 31 January 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Small Beer Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- We plan our work to gain an understanding of the significant laws and regulations that are of significance to the
entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its
legal and regulatory framework.
- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by
making inquiries to the management and people charged with governance.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Substantive procedures performed in accordance with the ISAs (UK).
- Challenging assumptions and judgments made by management in its significant accounting estimates.
- Identifying and testing journal entries, in particular material journal entries and an assessment of year end
journals.
- Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

16 October 2023

Small Beer Limited (Registered number: 02531835)

Income Statement
for the Year Ended 31 January 2023

2023 2022
Notes £    £    £    £   

TURNOVER 21,809,846 14,146,435

Cost of sales 17,267,828 11,584,786
GROSS PROFIT 4,542,018 2,561,649

Distribution costs 25,962 14,406
Administrative expenses 3,356,725 2,340,055
3,382,687 2,354,461
1,159,331 207,188

Other operating income - 334,147
OPERATING PROFIT 4 1,159,331 541,335

Income from fixed asset investments - 931
Interest receivable and similar income 4,820 37
4,820 968
1,164,151 542,303

Interest payable and similar expenses 5 19,655 1,741
PROFIT BEFORE TAXATION 1,144,496 540,562

Tax on profit 6 238,715 111,325
PROFIT FOR THE FINANCIAL YEAR 905,781 429,237

Small Beer Limited (Registered number: 02531835)

Other Comprehensive Income
for the Year Ended 31 January 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 905,781 429,237


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

905,781

429,237

Small Beer Limited (Registered number: 02531835)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 33,756 45,006
Tangible assets 9 309,360 279,505
Investments 10 10,460 10,460
353,576 334,971

CURRENT ASSETS
Stocks 11 1,029,215 794,425
Debtors 12 1,384,440 872,554
Cash at bank 724,264 840,747
3,137,919 2,507,726
CREDITORS
Amounts falling due within one year 13 2,317,536 1,760,604
NET CURRENT ASSETS 820,383 747,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,959

1,082,093

CREDITORS
Amounts falling due after more than one
year

14

(291,925

)

(400,000

)

PROVISIONS FOR LIABILITIES 17 (68,929 ) (46,539 )
NET ASSETS 813,105 635,554

CAPITAL AND RESERVES
Called up share capital 18 200 200
Retained earnings 19 812,905 635,354
SHAREHOLDERS' FUNDS 813,105 635,554

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





R W Eastwood - Director


Small Beer Limited (Registered number: 02531835)

Statement of Changes in Equity
for the Year Ended 31 January 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 February 2021 200 417,797 417,997

Changes in equity
Dividends - (211,680 ) (211,680 )
Total comprehensive income - 429,237 429,237
Balance at 31 January 2022 200 635,354 635,554

Changes in equity
Dividends - (728,230 ) (728,230 )
Total comprehensive income - 905,781 905,781
Balance at 31 January 2023 200 812,905 813,105

Small Beer Limited (Registered number: 02531835)

Cash Flow Statement
for the Year Ended 31 January 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 521,806 293,641
Interest paid (19,655 ) (1,741 )
Tax paid (116,539 ) 60,598
Net cash from operating activities 385,612 352,498

Cash flows from investing activities
Purchase of tangible fixed assets (121,019 ) (43,883 )
Sale of tangible fixed assets 400 -
Interest received 4,820 37
Dividends received - 931
Net cash from investing activities (115,799 ) (42,915 )

Cash flows from financing activities
Cash received from government - 334,147
Intercompany loan movements 429,465 -
Amount introduced by directors 35,085 -
Amount withdrawn by directors (22,616 ) (21,274 )
Loan repayments (100,000 ) (8,075 )
Equity dividends paid (728,230 ) (211,680 )
Net cash from financing activities (386,296 ) 93,118

(Decrease)/increase in cash and cash equivalents (116,483 ) 402,701
Cash and cash equivalents at beginning
of year

2

840,747

438,046

Cash and cash equivalents at end of year 2 724,264 840,747

Small Beer Limited (Registered number: 02531835)

Notes to the Cash Flow Statement
for the Year Ended 31 January 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 1,144,496 540,562
Depreciation charges 99,795 89,411
Loss on disposal of fixed assets 2,219 1,841
Government grants - (334,147 )
Finance costs 19,655 1,741
Finance income (4,820 ) (968 )
1,261,345 298,440
Increase in stocks (234,790 ) (481,175 )
Increase in trade and other debtors (524,355 ) (660,760 )
Increase in trade and other creditors 19,606 1,137,136
Cash generated from operations 521,806 293,641

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 724,264 840,747
Year ended 31 January 2022
31.1.22 1.2.21
£    £   
Cash and cash equivalents 840,747 438,046


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.22 Cash flow At 31.1.23
£    £    £   
Net cash
Cash at bank and in hand 840,747 (116,483 ) 724,264
840,747 (116,483 ) 724,264
Debt
Debts falling due within 1 year (91,925 ) (8,075 ) (100,000 )
Debts falling due after 1 year (400,000 ) 108,075 (291,925 )
(491,925 ) 100,000 (391,925 )
Total 348,822 (16,483 ) 332,339

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Small Beer 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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

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.

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.

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 1,963,566 1,442,536
Other pension costs 89,662 65,127
2,053,228 1,507,663

The average number of employees during the year was as follows:
2023 2022

Office 17 31
Warehouse 19 11
Drivers 53 42
89 84

2023 2022
£    £   
Directors' remuneration 18,115 17,668

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Other operating leases 147,337 133,555
Depreciation - owned assets 88,545 78,161
Loss on disposal of fixed assets 2,219 1,841
Goodwill amortisation 11,250 11,250
Auditors' remuneration 3,745 3,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 19,655 1,741

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 216,325 116,540

Deferred tax 22,390 (5,215 )
Tax on profit 238,715 111,325

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,144,496 540,562
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

217,454

102,707

Effects of:
Expenses not deductible for tax purposes 4,112 5,588
Franked investment income - (142 )
Temporary timing differences 5,847 (5,215 )
Deposit account interest - (35 )
Difference in rates of deferred tax used 16,543 -
Capital allowances in excess of depreciation (5,241 ) 8,422
Total tax charge 238,715 111,325

7. DIVIDENDS
2023 2022
£    £   
Ordinary A Shares shares of £1 each
Interim 68,000 36,000
Ordinary B Shares shares of £1 each
Interim 485,680 85,680
Ordinary C Shares shares of £1 each
Interim 20,000 -
Ordinary D Shares shares of £1 each
Interim 90,000 90,000
Ordinary E Shares shares of £1 each
Interim 64,550 -
728,230 211,680

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 225,000
AMORTISATION
At 1 February 2022 179,994
Amortisation for year 11,250
At 31 January 2023 191,244
NET BOOK VALUE
At 31 January 2023 33,756
At 31 January 2022 45,006

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2022 59,592 96,539 42,068
Additions - 21,643 5,587
Disposals - - -
At 31 January 2023 59,592 118,182 47,655
DEPRECIATION
At 1 February 2022 34,431 72,229 29,680
Charge for year 3,973 4,341 2,426
Eliminated on disposal - - -
At 31 January 2023 38,404 76,570 32,106
NET BOOK VALUE
At 31 January 2023 21,188 41,612 15,549
At 31 January 2022 25,161 24,310 12,388

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 549,368 105,472 853,039
Additions 90,750 3,039 121,019
Disposals (22,230 ) - (22,230 )
At 31 January 2023 617,888 108,511 951,828
DEPRECIATION
At 1 February 2022 342,722 94,472 573,534
Charge for year 72,609 5,196 88,545
Eliminated on disposal (19,611 ) - (19,611 )
At 31 January 2023 395,720 99,668 642,468
NET BOOK VALUE
At 31 January 2023 222,168 8,843 309,360
At 31 January 2022 206,646 11,000 279,505

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2022
and 31 January 2023 10,460
NET BOOK VALUE
At 31 January 2023 10,460
At 31 January 2022 10,460

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

10. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Unitas Wholesale Limited
Registered office: 3 Carolina Court, Wisconsin Drive, Doncaster, DN4 5RA
Nature of business: Wholesaler of food and beverages
%
Class of shares: holding
Ordinary 0.01
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 6,266,586 6,266,586
Profit for the year 231,144 231,144

The investment relates to 50 ordinary shares held by Small Beer Ltd in Unitas Wholesale Limited. The total issued share capital in Unitas Wholesale Ltd is 12750 ordinary shares.

11. STOCKS
2023 2022
£    £   
Stocks 1,029,215 794,425

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,091,145 737,112
Other debtors 56,774 63,766
Directors' current accounts - 12,469
Prepayments and accrued income 236,521 59,207
1,384,440 872,554

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 15) 100,000 91,925
Trade creditors 1,259,823 1,328,214
Amounts owed to group undertakings 429,465 -
Tax 216,326 116,540
Social security and other taxes 55,258 48,828
VAT 168,782 87,946
Other creditors 51,878 66,891
Accruals and deferred income 36,004 20,260
2,317,536 1,760,604

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 15) 291,925 400,000

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

15. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 100,000 91,925

Amounts falling due between one and two years:
Bank loans 200,000 200,000

Amounts falling due between two and five years:
Bank loans 91,925 200,000

16. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 391,925 491,925

17. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 68,929 46,539

Deferred
tax
£   
Balance at 1 February 2022 46,539
Provided during year 5,847
Change in deferred tax rates 16,543
Balance at 31 January 2023 68,929

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary A Shares £1 138 138
48 Ordinary B Shares £1 48 48
10 Ordinary C Shares £1 10 10
30 Ordinary D Shares £1 2 2
10 Ordinary E Shares £1 1 1
NIL Ordinary F Shares £1 1 1
200 200

Small Beer Limited (Registered number: 02531835)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

19. RESERVES
Retained
earnings
£   

At 1 February 2022 635,354
Profit for the year 905,781
Dividends (728,230 )
At 31 January 2023 812,905

20. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 155,000 -

21. RELATED PARTY DISCLOSURES

Unitas Wholesale Limited, a company in which R W Eastwood was appointed a director of on 24/11/2022, is a company from which Small Beer Ltd buys and to which it also sells, and Small Beer Ltd also holds an investment in.

R W Eastwood is also a director and shareholder of Small Beer Ltd.

There were sales to Unitas during the year of £38,259 (2022: £nil) and purchases from Unitas of £nil (2022: £nil).

There were amounts due to Unitas at the year end of £1,206 (2022: £nil).

All these transactions were at arms length in the normal course of trading.

Entities with control, joint control or significant influence over the entity
2023 2022
£    £   
Amount due to related party 429,465 -

Other related parties
2023 2022
£    £   
Sales 6,883 -
Purchases 17,189 -
Amount due from related party 2,974 1,327
Amount due to related party 11 -

22. ULTIMATE CONTROLLING PARTY

The company is a 100% owned subsidiary of Small Beer Holdings Limited.

Small Beer Holdings Limited's registered office is:

Unit 1
Churchill Business Park
Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2FF

Financial statements for the ultimate parent company are filed with the Registrar of Companies where copies may be obtained.

Small Beer Holdings Limited is ultimately controlled by Mrs J A Eastwood.