The Beer Company Direct Ltd 09063326 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Provision of Craft Beers to Public Houses Digita Accounts Production Advanced 6.30.9574.0 true true 09063326 2023-04-01 2024-03-31 09063326 2024-03-31 09063326 core:CurrentFinancialInstruments 2024-03-31 09063326 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09063326 core:Non-currentFinancialInstruments 2024-03-31 09063326 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09063326 core:OtherResidualIntangibleAssets 2024-03-31 09063326 core:FurnitureFittingsToolsEquipment 2024-03-31 09063326 core:OtherPropertyPlantEquipment 2024-03-31 09063326 bus:SmallEntities 2023-04-01 2024-03-31 09063326 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09063326 bus:FullAccounts 2023-04-01 2024-03-31 09063326 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09063326 bus:RegisteredOffice 2023-04-01 2024-03-31 09063326 bus:Director1 2023-04-01 2024-03-31 09063326 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09063326 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 09063326 core:PlantMachinery 2023-04-01 2024-03-31 09063326 countries:AllCountries 2023-04-01 2024-03-31 09063326 2023-03-31 09063326 core:OtherResidualIntangibleAssets 2023-03-31 09063326 core:FurnitureFittingsToolsEquipment 2023-03-31 09063326 core:OtherPropertyPlantEquipment 2023-03-31 09063326 2022-04-01 2023-03-31 09063326 2023-03-31 09063326 core:CurrentFinancialInstruments 2023-03-31 09063326 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09063326 core:Non-currentFinancialInstruments 2023-03-31 09063326 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09063326 core:OtherResidualIntangibleAssets 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09063326

The Beer Company Direct Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Beer Company Direct Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Beer Company Direct Ltd

Company Information

Director

Miss Joanne Taylor

Registered office

Unit 14, Halifax Court
Fernwood Business Park
Cross Lane
Newark
Notts
NG24 3JP

Accountants

AIMS Accountants
Fernwood Business Centre
Newark
Notts
NG24 3JP

 

The Beer Company Direct Ltd

(Registration number: 09063326)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

1,113

Current assets

 

Debtors

6

751,761

694,375

Cash at bank and in hand

 

639,965

743,235

 

1,391,726

1,437,610

Creditors: Amounts falling due within one year

7

(1,240,588)

(1,286,214)

Net current assets

 

151,138

151,396

Total assets less current liabilities

 

151,138

152,509

Creditors: Amounts falling due after more than one year

7

(98,603)

(144,112)

Net assets

 

52,535

8,397

Capital and reserves

 

Called up share capital

100

100

Retained earnings

52,435

8,297

Shareholders' funds

 

52,535

8,397

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 September 2024
 

.........................................
Miss Joanne Taylor
Director

 

The Beer Company Direct Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 14, Halifax Court
Fernwood Business Park
Cross Lane
Newark
Notts
NG24 3JP

These financial statements were authorised for issue by the director on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Beer Company Direct Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

33% and 10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

The Beer Company Direct Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.



Change of Name
The Beer Company Direct Limited changed its name from The Beer Company Consolidations Limited on the 1st April 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

The Beer Company Direct Ltd

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

11,060

11,060

At 31 March 2024

11,060

11,060

Amortisation

At 1 April 2023

9,947

9,947

Amortisation charge

1,113

1,113

At 31 March 2024

11,060

11,060

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

1,113

1,113

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

35,805

5,800

41,605

At 31 March 2024

35,805

5,800

41,605

Depreciation

At 1 April 2023

35,805

5,800

41,605

At 31 March 2024

35,805

5,800

41,605

Carrying amount

At 31 March 2024

-

-

-

6

Debtors

Current

2024
£

2023
£

Trade debtors

735,732

691,040

Other debtors

16,029

3,335

 

751,761

694,375

 

The Beer Company Direct Ltd

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,247,742

1,260,289

Taxation and social security

13,763

24,351

Accruals and deferred income

(20,917)

1,574

1,240,588

1,286,214

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

98,603

144,112

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

98,603

144,112

9

Dividends

Final dividends paid

   

2024
£

 

2023
£

Final dividend of Nil per each NewRow_0

 

-

 

-

         

10

Related party transactions

The Beer Company Direct Limited is a wholly owned subsidiary of the Beer Company Limited. The inter-company loan account balance at 31st March 2024 was £5,878 owed to The Beer Company Direct Limited.


The ultimate controlling party is the company director Miss J Taylor, who holds 100% of the issued share capital of The Beer Company Limited, which in turn holds 100% of the issued share capital of this company.