Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07315434 Mr Toby McKenzie Mrs Caroline McKenzie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07315434 2022-12-31 07315434 2023-12-31 07315434 2023-01-01 2023-12-31 07315434 frs-core:CurrentFinancialInstruments 2023-12-31 07315434 frs-core:Non-currentFinancialInstruments 2023-12-31 07315434 frs-core:ComputerEquipment 2023-12-31 07315434 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07315434 frs-core:ComputerEquipment 2022-12-31 07315434 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07315434 frs-core:FurnitureFittings 2023-12-31 07315434 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07315434 frs-core:FurnitureFittings 2022-12-31 07315434 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07315434 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07315434 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 07315434 frs-core:MotorVehicles 2023-12-31 07315434 frs-core:MotorVehicles 2023-01-01 2023-12-31 07315434 frs-core:MotorVehicles 2022-12-31 07315434 frs-core:OtherResidualIntangibleAssets 2023-12-31 07315434 frs-core:OtherResidualIntangibleAssets 2022-12-31 07315434 frs-core:PlantMachinery 2023-12-31 07315434 frs-core:PlantMachinery 2023-01-01 2023-12-31 07315434 frs-core:PlantMachinery 2022-12-31 07315434 frs-core:ShareCapital 2023-12-31 07315434 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07315434 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07315434 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07315434 frs-bus:SmallEntities 2023-01-01 2023-12-31 07315434 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07315434 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07315434 frs-bus:Director1 2023-01-01 2023-12-31 07315434 frs-bus:Director2 2023-01-01 2023-12-31 07315434 frs-countries:EnglandWales 2023-01-01 2023-12-31 07315434 2021-12-31 07315434 2022-12-31 07315434 2022-01-01 2022-12-31 07315434 frs-core:CurrentFinancialInstruments 2022-12-31 07315434 frs-core:Non-currentFinancialInstruments 2022-12-31 07315434 frs-core:ShareCapital 2022-12-31 07315434 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07315434
RedWillow Brewery Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Axis Accounting
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07315434
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 276,390 320,954
276,390 320,954
CURRENT ASSETS
Stocks 6 97,313 86,870
Debtors 7 63,892 131,989
Cash at bank and in hand 94,806 71,986
256,011 290,845
Creditors: Amounts Falling Due Within One Year 8 (200,439 ) (257,138 )
NET CURRENT ASSETS (LIABILITIES) 55,572 33,707
TOTAL ASSETS LESS CURRENT LIABILITIES 331,962 354,661
Creditors: Amounts Falling Due After More Than One Year 9 (173,445 ) (206,910 )
NET ASSETS 158,517 147,751
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 158,515 147,749
SHAREHOLDERS' FUNDS 158,517 147,751
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Toby McKenzie
Director
15/03/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
RedWillow Brewery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07315434 . The registered office is The Lodge, Byrons Lane, Macclesfield, Cheshire, SK11 7JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are for website costs. They are amortised to profit and loss account by 10% of the net book value per year. The value in the accounts has been written down to nil in the accounting period to 31st December 2021 and has no net book value.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% - Straight line
Plant & Machinery 20% - Reducing Balance
Motor Vehicles 25% - Reducing Balance
Fixtures & Fittings 25% - Reducing Balance
Computer Equipment 33% - Reducing Balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 10)
14 10
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 2,250
As at 31 December 2023 2,250
Amortisation
As at 1 January 2023 2,250
As at 31 December 2023 2,250
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 12,793 602,989 44,235 27,162
Additions 9,653 804 - -
As at 31 December 2023 22,446 603,793 44,235 27,162
Depreciation
As at 1 January 2023 1,255 325,329 18,361 23,254
Provided during the period 2,245 44,680 6,468 977
As at 31 December 2023 3,500 370,009 24,829 24,231
Net Book Value
As at 31 December 2023 18,946 233,784 19,406 2,931
As at 1 January 2023 11,538 277,660 25,874 3,908
Computer Equipment Total
£ £
Cost
As at 1 January 2023 18,427 705,606
Additions - 10,457
As at 31 December 2023 18,427 716,063
Depreciation
As at 1 January 2023 16,453 384,652
Provided during the period 651 55,021
As at 31 December 2023 17,104 439,673
Net Book Value
As at 31 December 2023 1,323 276,390
As at 1 January 2023 1,974 320,954
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6. Stocks
2023 2022
£ £
Stock 97,313 86,870
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 35,333 47,758
Prepayments and accrued income 4,646 5,108
Other debtors 4,397 -
Corporation tax recoverable assets 5,236 9,290
Amounts owed by related parties 14,280 69,833
63,892 131,989
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,380 41,176
Bank loans and overdrafts 48,246 53,548
Other taxes and social security 17,341 14,889
VAT 44,345 45,742
Net wages and pension creditor 817 946
Accruals and deferred income 13,954 4,649
Directors' loan accounts 56,356 96,188
200,439 257,138
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 173,445 206,910
173,445 206,910
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £817 were due to the fund (2022: £946). The balance is included in net wages creditor.
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12. Related Party Transactions
The Last Responsible Moment LtdA company which Mr T McKenzie and Mrs C McKenzie are directors.At the balance sheet date the amount owing from The Last Responsible Moment Ltd to Redwillow Brewery Ltd was £1,856 (2022 £1,856).

The Last Responsible Moment Ltd

A company which Mr T McKenzie and Mrs C McKenzie are directors.

At the balance sheet date the amount owing from The Last Responsible Moment Ltd to Redwillow Brewery Ltd was £1,856 (2022 £1,856).

Redwillow Bars LtdA company which Mr T McKenzie and Mrs C McKenzie are directors.During the year Redwillow Brewery Ltd issued sales of £130,417 (2022 £140,044), management charges of £0 (2022 £48,333) but issued a credit note of £17,500 with regards to last years management charges and wages of £9,100 (2022 £9,035) to Redwillow Bars Ltd. At the balance sheet date the amount owing from Redwillow Bars Ltd to Redwillow Brewery Ltd was £12,424 (2022 £67,977).

Redwillow Bars Ltd

A company which Mr T McKenzie and Mrs C McKenzie are directors.

During the year Redwillow Brewery Ltd issued sales of £130,417 (2022 £140,044), management charges of £0 (2022 £48,333) but issued a credit note of £17,500 with regards to last years management charges and wages of £9,100 (2022 £9,035) to Redwillow Bars Ltd. At the balance sheet date the amount owing from Redwillow Bars Ltd to Redwillow Brewery Ltd was £12,424 (2022 £67,977).

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