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REGISTERED NUMBER: SC340119 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Scottish Borders Brewery Limited

Scottish Borders Brewery Limited (Registered number: SC340119)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Scottish Borders Brewery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J R O Henderson





REGISTERED OFFICE: Chesters
Ancrum
Jedburgh
TD8 6UL





REGISTERED NUMBER: SC340119 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Scottish Borders Brewery Limited (Registered number: SC340119)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,056,576 1,097,883

CURRENT ASSETS
Inventories 5 10,000 39,807
Debtors 6 31,952 26,325
Cash at bank and in hand 1,452 2,882
43,404 69,014
CREDITORS
Amounts falling due within one year 7 2,794,199 2,488,431
NET CURRENT LIABILITIES (2,750,795 ) (2,419,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,694,219

)

(1,321,534

)

CREDITORS
Amounts falling due after more than one
year

8

32,793

39,892
NET LIABILITIES (1,727,012 ) (1,361,426 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,727,013 ) (1,361,427 )
SHAREHOLDERS' FUNDS (1,727,012 ) (1,361,426 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Scottish Borders Brewery Limited (Registered number: SC340119)

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 17 November 2023 and were signed by:





J R O Henderson - Director


Scottish Borders Brewery Limited (Registered number: SC340119)

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

1. STATUTORY INFORMATION

Scottish Borders Brewery Limited is a private company, limited by shares , registered in Scotland. 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 represents the value, net of value added tax and discounts, of goods provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Going concern
The company has incurred losses in the year and therefore has negative reserves.

The company meets its day to day working capital requirements through the support of the Director by way of loan finance. This support shall continue for the following years.

On this basis, the Director considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - NIL ) .

Scottish Borders Brewery Limited (Registered number: SC340119)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
Property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 893,288 565,081 100,948 57,509 1,616,826
Additions - 3,802 - - 3,802
At 31 March 2023 893,288 568,883 100,948 57,509 1,620,628
DEPRECIATION
At 1 April 2022 - 387,493 76,031 55,419 518,943
Charge for year - 38,356 6,230 523 45,109
At 31 March 2023 - 425,849 82,261 55,942 564,052
NET BOOK VALUE
At 31 March 2023 893,288 143,034 18,687 1,567 1,056,576
At 31 March 2022 893,288 177,588 24,917 2,090 1,097,883

5. INVENTORIES
31/3/23 31/3/22
£    £   
Stocks 10,000 39,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 24,425 24,675
Other debtors 1,650 1,650
Accruals 5,877 -
31,952 26,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 41,258 28,177
Other Creditors 1,464,771 1,268,441
Social security and other taxes 79,158 25,136
VAT 4,759 3,437
Directors' current accounts 1,192,810 1,151,907
Accruals and deferred income 3,110 3,000
2,794,199 2,488,431

Scottish Borders Brewery Limited (Registered number: SC340119)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans - 1-2 years 8,333 8,333
Bank loans - 2-5 years 24,460 25,000
Bank loans more 5 yr by instal - 6,559
32,793 39,892

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,559