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REGISTERED NUMBER: 04795699 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Saltaire Brewery Limited

Saltaire Brewery Limited (Registered number: 04795699)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saltaire Brewery Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr E J Gordon
Mr N J Helliwell
Mr D H J Spampinato
Mr S Sharma
Mr P J Taylor





REGISTERED OFFICE: Unit 7, County Works
Dockfield Road
Shipley
West Yorkshire
BD17 7AR





REGISTERED NUMBER: 04795699 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Saltaire Brewery Limited (Registered number: 04795699)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,000,000 3,554
Tangible assets 5 1,546,303 1,742,120
2,546,303 1,745,674

CURRENT ASSETS
Stocks 6 416,214 454,252
Debtors 7 528,001 619,981
Cash at bank and in hand 37,640 56,241
981,855 1,130,474
CREDITORS
Amounts falling due within one year 8 1,565,623 3,917,976
NET CURRENT LIABILITIES (583,768 ) (2,787,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,962,535

(1,041,828

)

CREDITORS
Amounts falling due after more than one
year

9

2,464,673

282,701
NET LIABILITIES (502,138 ) (1,324,529 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 11 1,022,635 39,072
Retained earnings (1,534,773 ) (1,373,601 )
SHAREHOLDERS' FUNDS (502,138 ) (1,324,529 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Saltaire Brewery Limited (Registered number: 04795699)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr S Sharma - Director


Saltaire Brewery Limited (Registered number: 04795699)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Saltaire 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 12 years
Plant and machinery - Straight line over 12 years
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

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 Income Statement, 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.

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.

Saltaire Brewery Limited (Registered number: 04795699)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual Website
property costs Totals
£ £ £
COST OR VALUATION
At 1 January 2023 - 14,219 14,219
Revaluations 1,000,000 - 1,000,000
At 31 December 2023 1,000,000 14,219 1,014,219
AMORTISATION
At 1 January 2023 - 10,665 10,665
Amortisation for year - 3,554 3,554
At 31 December 2023 - 14,219 14,219
NET BOOK VALUE
At 31 December 2023 1,000,000 - 1,000,000
At 31 December 2022 - 3,554 3,554

Cost or valuation at 31 December 2023 is represented by:

Intellectual Website
property costs Totals
£ £ £
Valuation in 2023 1,000,000 14,219 1,014,219

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 January 2023 954,488 2,571,310 97,796
Additions 12,069 52,582 309
Disposals - (19,789 ) -
At 31 December 2023 966,557 2,604,103 98,105
DEPRECIATION
At 1 January 2023 713,360 1,184,676 91,548
Charge for year 46,903 174,956 1,765
Eliminated on disposal - (10,032 ) -
At 31 December 2023 760,263 1,349,600 93,313
NET BOOK VALUE
At 31 December 2023 206,294 1,254,503 4,792
At 31 December 2022 241,128 1,386,634 6,248

Saltaire Brewery Limited (Registered number: 04795699)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2023 107,479 103,232 3,834,305
Additions - - 64,960
Disposals - - (19,789 )
At 31 December 2023 107,479 103,232 3,879,476
DEPRECIATION
At 1 January 2023 5,378 97,223 2,092,185
Charge for year 25,525 1,871 251,020
Eliminated on disposal - - (10,032 )
At 31 December 2023 30,903 99,094 2,333,173
NET BOOK VALUE
At 31 December 2023 76,576 4,138 1,546,303
At 31 December 2022 102,101 6,009 1,742,120

6. STOCKS
31.12.23 31.12.22
£ £
Stocks 416,214 454,252

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 493,722 503,213
Other debtors 34,279 116,768
528,001 619,981

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts (see note 10) 108,284 118,456
Hire purchase contracts 125,205 163,297
Trade creditors 270,878 322,055
Taxation and social security 767,035 641,977
Other creditors 294,221 2,672,191
1,565,623 3,917,976

Saltaire Brewery Limited (Registered number: 04795699)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans (see note 10) 18,753 31,667
Hire purchase contracts 60,491 51,034
Other creditors 2,385,429 200,000
2,464,673 282,701

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£ £
Amounts falling due within one year or on demand:
Bank loans 108,284 118,456

Amounts falling due between one and two years:
Bank loans - 1-2 years 18,753 31,667
Preference shares 200,000 200,000
218,753 231,667

11. RESERVES
Revaluation
reserve
£
At 1 January 2023 39,072
Revaluation of intangible 1,000,000
Transfer between reserves (16,437 )

At 31 December 2023 1,022,635

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due to the director's of £2,185,429 (2022: £2,213,736). The loans are interest free with no fixed date for repayment.

13. POST BALANCE SHEET EVENTS

Following the sale of the shares on the 8 July 2024, it was agreed to write off the total value of the directors loan account at that date.