Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity108trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04489678 2023-01-01 2023-12-31 04489678 2022-01-01 2022-12-31 04489678 2023-12-31 04489678 2022-12-31 04489678 2022-01-01 04489678 c:Director1 2023-01-01 2023-12-31 04489678 c:Director2 2023-01-01 2023-12-31 04489678 d:PlantMachinery 2023-01-01 2023-12-31 04489678 d:PlantMachinery 2023-12-31 04489678 d:PlantMachinery 2022-12-31 04489678 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04489678 d:MotorVehicles 2023-01-01 2023-12-31 04489678 d:MotorVehicles 2023-12-31 04489678 d:MotorVehicles 2022-12-31 04489678 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04489678 d:FurnitureFittings 2023-01-01 2023-12-31 04489678 d:FurnitureFittings 2023-12-31 04489678 d:FurnitureFittings 2022-12-31 04489678 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04489678 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04489678 d:Goodwill 2023-12-31 04489678 d:Goodwill 2022-12-31 04489678 d:CurrentFinancialInstruments 2023-12-31 04489678 d:CurrentFinancialInstruments 2022-12-31 04489678 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04489678 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04489678 d:ShareCapital 2023-12-31 04489678 d:ShareCapital 2022-12-31 04489678 d:RetainedEarningsAccumulatedLosses 2023-12-31 04489678 d:RetainedEarningsAccumulatedLosses 2022-12-31 04489678 c:FRS102 2023-01-01 2023-12-31 04489678 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04489678 c:FullAccounts 2023-01-01 2023-12-31 04489678 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04489678 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04489678 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04489678 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 04489678 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 04489678 d:RetirementBenefitObligationsDeferredTax 2023-12-31 04489678 d:RetirementBenefitObligationsDeferredTax 2022-12-31 04489678 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04489678










BURTON BRIDGE BREWERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BURTON BRIDGE BREWERY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BURTON BRIDGE BREWERY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burton Bridge Brewery Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Burton Bridge Brewery Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Burton Bridge Brewery Limited and state those matters that we have agreed to state to the Board of Directors of Burton Bridge Brewery Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burton Bridge Brewery Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Burton Bridge Brewery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burton Bridge Brewery Limited. You consider that Burton Bridge Brewery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Burton Bridge Brewery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Shorts
 
Chartered Accountants
  
2 Ashgate Road
Chesterfield
S40 4AA
9 April 2024
Page 1

 
BURTON BRIDGE BREWERY LIMITED
REGISTERED NUMBER: 04489678

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
35,899
39,787

  
35,899
39,787

Current assets
  

Stocks
  
18,949
19,094

Debtors: amounts falling due within one year
 6 
239,114
127,032

Cash at bank and in hand
  
224,424
286,999

  
482,487
433,125

Creditors: amounts falling due within one year
 7 
(81,622)
(64,903)

Net current assets
  
 
 
400,865
 
 
368,222

Total assets less current liabilities
  
436,764
408,009

  

Net assets
  
436,764
408,009


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
436,762
408,007

  
436,764
408,009


Page 2

 
BURTON BRIDGE BREWERY LIMITED
REGISTERED NUMBER: 04489678
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.





J B Wilkinson
G C Mumford
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Burton Bridge Brewery Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04489678). Its registered office is Burton Bridge Brewery, 24 Bridge Street, Burton-on-Trent, Staffordshire, DE14 1SY. The principal activity of the Company throughout the year continued to be that of brewing and beer sales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.
The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings. 

Page 5

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 8).

Page 6

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
525,000



At 31 December 2023

525,000



Amortisation


At 1 January 2023
525,000



At 31 December 2023

525,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 7

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
106,215
79,230
22,444
207,889


Additions
1,625
-
-
1,625



At 31 December 2023

107,840
79,230
22,444
209,514



Depreciation


At 1 January 2023
76,906
70,467
20,729
168,102


Charge for the year on owned assets
3,068
2,188
257
5,513



At 31 December 2023

79,974
72,655
20,986
173,615



Net book value



At 31 December 2023
27,866
6,575
1,458
35,899



At 31 December 2022
29,309
8,763
1,715
39,787


6.


Debtors

2023
2022
£
£


Trade debtors
218,605
55,161

Other debtors
19,149
55,089

Deferred taxation
1,360
16,782

239,114
127,032


Page 8

 
BURTON BRIDGE BREWERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
34,393
14,564

Other taxation and social security
27,782
24,604

Other creditors
19,447
25,735

81,622
64,903



8.


Deferred taxation




2023
2022


£

£






At beginning of year
16,782
11,191


Charged to profit or loss
(15,422)
5,591



At end of year
1,360
16,782

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,942)
(6,530)

Tax losses carried forward
7,263
23,259

Pension surplus
39
53

1,360
16,782


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to 122,540 (2022 - £82,683). Contributions totalling £205 (2022 - £278) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 9