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REGISTERED NUMBER: 05165299 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Stroud Brewery Limited

The Stroud Brewery Limited (Registered number: 05165299)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stroud Brewery Limited

Company Information
for the Year Ended 31 March 2024







Directors: B J Morris
D P Morris
G M Pilley
A J Starkey
J Bashford





Secretary: G M Pilley





Registered office: Kingfisher Business Park
Stroud
Gloucestershire
GL5 2BY





Registered number: 05165299 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

The Stroud Brewery Limited (Registered number: 05165299)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,386 3,966
Tangible assets 5 142,853 190,136
149,239 194,102

CURRENT ASSETS
Stocks 162,478 148,563
Debtors 6 121,627 92,280
Cash at bank 153,257 89,243
437,362 330,086
CREDITORS
Amounts falling due within one year 7 601,399 569,434
NET CURRENT LIABILITIES (164,037 ) (239,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,798

)

(45,246

)

PROVISIONS FOR LIABILITIES 33,516 47,534
NET LIABILITIES (48,314 ) (92,780 )

CAPITAL AND RESERVES
Called up share capital 8 13,334 13,334
Retained earnings (61,648 ) (106,114 )
SHAREHOLDERS' FUNDS (48,314 ) (92,780 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Stroud Brewery Limited (Registered number: 05165299)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





G M Pilley - Director


The Stroud Brewery Limited (Registered number: 05165299)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Stroud Brewery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
Although there is a balance sheet deficit, the shareholders will continue to support the company. The directors have assessed the balance sheet and likely future cash flows at the date of approving these financial statements and have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when the goods are delivered to the customer.

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.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Depreciation is provided on all tangible fixed assets at rates which are calculated to write off the cost, less estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Improvements to property - 25% reducing balance

The Stroud Brewery Limited (Registered number: 05165299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Stroud Brewery Limited (Registered number: 05165299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Grants
Grants are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 April 2023 7,635
Additions 3,850
Disposals (1,330 )
At 31 March 2024 10,155
Amortisation
At 1 April 2023 3,669
Charge for year 1,231
Eliminated on disposal (1,131 )
At 31 March 2024 3,769
Net book value
At 31 March 2024 6,386
At 31 March 2023 3,966

The Stroud Brewery Limited (Registered number: 05165299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023 609,312
Additions 18,158
Disposals (173,439 )
At 31 March 2024 454,031
Depreciation
At 1 April 2023 419,176
Charge for year 59,967
Eliminated on disposal (167,965 )
At 31 March 2024 311,178
Net book value
At 31 March 2024 142,853
At 31 March 2023 190,136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,729 79,299
Other debtors 20,898 12,981
121,627 92,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 189,477 163,485
Taxation and social security 74,448 58,826
Other creditors 337,474 347,123
601,399 569,434

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,750 Ordinary A 1 3,750 3,750
9,584 Ordinary B 1 9,584 9,584
13,334 13,334

The Stroud Brewery Limited (Registered number: 05165299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LEASE OBLIGATIONS TO RELATED PARTY

The company operates from business premises owned by a company of which three directors are also directors of The Stroud Brewery Limited. The remaining lease is for 20 years at an annual rent of £99,600. The financial commitment not reflected in the balance sheet is therefore £1,992,000 (2023: £2,091,600).