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REGISTERED NUMBER: 02945477 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WIGAN BEER COMPANY LIMITED

WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIGAN BEER COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: Mr H Jones
Mr A C Jones
Mrs A Jones
Mr K Jones





Secretary: Mrs A Jones





Registered office: Unit 22/23
Hawkley BrookTrading Estate
Worthington Way
Wigan
Lancashire
WN3 6XE





Registered number: 02945477 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,850 6,840
Tangible assets 5 457,459 563,633
Investments 6 14,521 1
476,830 570,474

CURRENT ASSETS
Stocks 1,591,532 1,210,194
Debtors 7 2,036,182 1,471,530
Cash at bank and in hand 2,021,116 1,353,371
5,648,830 4,035,095
CREDITORS
Amounts falling due within one year 8 3,135,518 2,435,415
NET CURRENT ASSETS 2,513,312 1,599,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,990,142

2,170,154

PROVISIONS FOR LIABILITIES 9 30,186 39,075
NET ASSETS 2,959,956 2,131,079

CAPITAL AND RESERVES
Called up share capital 10 500 500
Capital redemption reserve 500 500
Retained earnings 2,958,956 2,130,079
SHAREHOLDERS' FUNDS 2,959,956 2,131,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)

BALANCE SHEET - continued
30 APRIL 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 9 August 2024 and were signed on its behalf by:





Mr H Jones - Director


WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Wigan Beer Company 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" 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 is recognised at the fair value of the consideration received or receivable for good and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of the consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts.The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually in dispatch of the goods), the amount of revenue can be measured reliably

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.

Development costs are being amortised evenly over their estimated useful life of four years.

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% straight line
Fixtures and fittings - 20% on cost
Motor vehicles - 25% straight line

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 Statement of Income and Retained Earnings, 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.

WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 May 2023
and 30 April 2024 7,962
AMORTISATION
At 1 May 2023 1,122
Amortisation for year 1,990
At 30 April 2024 3,112
NET BOOK VALUE
At 30 April 2024 4,850
At 30 April 2023 6,840

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 30,509 103,771 687,862 822,142
Additions - 19,748 1,500 21,248
Disposals (5,000 ) (12,170 ) (47,369 ) (64,539 )
At 30 April 2024 25,509 111,349 641,993 778,851
DEPRECIATION
At 1 May 2023 12,950 64,071 181,488 258,509
Charge for year 4,181 14,439 94,566 113,186
Eliminated on disposal - (12,170 ) (38,133 ) (50,303 )
At 30 April 2024 17,131 66,340 237,921 321,392
NET BOOK VALUE
At 30 April 2024 8,378 45,009 404,072 457,459
At 30 April 2023 17,559 39,700 506,374 563,633

WIGAN BEER COMPANY LIMITED (REGISTERED NUMBER: 02945477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 1
Additions 14,520
At 30 April 2024 14,521
NET BOOK VALUE
At 30 April 2024 14,521
At 30 April 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,828,018 1,346,077
Other debtors 208,164 125,453
2,036,182 1,471,530

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 10,417
Trade creditors 1,950,267 1,826,443
Taxation and social security 578,870 238,265
Other creditors 606,381 360,290
3,135,518 2,435,415

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 30,186 39,075

Deferred
tax
£   
Balance at 1 May 2023 39,075
Provided during year (8,889 )
Balance at 30 April 2024 30,186

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
350 Ordinary A £1 350 450
25 Ordinary B £1 25 25
125 Ordinary C £1 125 25
(30.4.23 - 25 )
500 500