Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-013No description of principal activityfalse4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10704000 2023-05-01 2024-04-30 10704000 2022-05-01 2023-04-30 10704000 2024-04-30 10704000 2023-04-30 10704000 c:Director1 2023-05-01 2024-04-30 10704000 d:PlantMachinery 2023-05-01 2024-04-30 10704000 d:PlantMachinery 2024-04-30 10704000 d:PlantMachinery 2023-04-30 10704000 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10704000 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10704000 d:MotorVehicles 2023-05-01 2024-04-30 10704000 d:MotorVehicles 2024-04-30 10704000 d:MotorVehicles 2023-04-30 10704000 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10704000 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10704000 d:ComputerEquipment 2023-05-01 2024-04-30 10704000 d:ComputerEquipment 2024-04-30 10704000 d:ComputerEquipment 2023-04-30 10704000 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10704000 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10704000 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10704000 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10704000 d:Goodwill 2024-04-30 10704000 d:Goodwill 2023-04-30 10704000 d:CurrentFinancialInstruments 2024-04-30 10704000 d:CurrentFinancialInstruments 2023-04-30 10704000 d:Non-currentFinancialInstruments 2024-04-30 10704000 d:Non-currentFinancialInstruments 2023-04-30 10704000 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10704000 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10704000 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10704000 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10704000 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 10704000 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10704000 d:ShareCapital 2024-04-30 10704000 d:ShareCapital 2023-04-30 10704000 d:RetainedEarningsAccumulatedLosses 2024-04-30 10704000 d:RetainedEarningsAccumulatedLosses 2023-04-30 10704000 c:FRS102 2023-05-01 2024-04-30 10704000 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10704000 c:FullAccounts 2023-05-01 2024-04-30 10704000 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10704000 2 2023-05-01 2024-04-30 10704000 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 10704000 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10704000 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 10704000 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 10704000 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 10704000 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 10704000









WINTER'S BREWING COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
WINTER'S BREWING COMPANY LIMITED
REGISTERED NUMBER: 10704000

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,226
5,494

Tangible assets
 5 
51,450
41,543

  
55,676
47,037

Current assets
  

Stocks
  
23,341
22,354

Debtors: amounts falling due within one year
 6 
25,888
32,463

Cash at bank and in hand
  
61,194
62,765

  
110,423
117,582

Creditors: amounts falling due within one year
 7 
(91,691)
(99,953)

Net current assets
  
 
 
18,732
 
 
17,629

Total assets less current liabilities
  
74,408
64,666

Creditors: amounts falling due after more than one year
 8 
(15,578)
(15,814)

Provisions for liabilities
  

Deferred tax
 10 
(12,863)
(10,386)

  
 
 
(12,863)
 
 
(10,386)

Net assets
  
45,967
38,466


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
45,867
38,366

  
45,967
38,466

Page 1

 
WINTER'S BREWING COMPANY LIMITED
REGISTERED NUMBER: 10704000

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.




M Winter
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
WINTER'S BREWING COMPANY LIMITED
 

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

1.


General information

Winter's Brewing Company Limited is a private company limited by shares, incoporated in England and Wales, with company number 10704000. The registered address of the Company is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WINTER'S BREWING COMPANY LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
WINTER'S BREWING COMPANY LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and Loss Account over its useful economic life.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
WINTER'S BREWING COMPANY LIMITED
 

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

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
12,678



At 30 April 2024

12,678



Amortisation


At 1 May 2023
7,184


Charge for the year on owned assets
1,268



At 30 April 2024

8,452



Net book value



At 30 April 2024
4,226



At 30 April 2023
5,494



Page 6

 
WINTER'S BREWING COMPANY LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
43,474
43,319
899
87,692


Additions
500
25,695
780
26,975


Disposals
(355)
-
-
(355)



At 30 April 2024

43,619
69,014
1,679
114,312



Depreciation


At 1 May 2023
17,044
28,425
680
46,149


Charge for the year on owned assets
6,639
3,724
207
10,570


Charge for the year on financed assets
-
6,424
-
6,424


Disposals
-
(281)
-
(281)



At 30 April 2024

23,683
38,292
887
62,862



Net book value



At 30 April 2024
19,936
30,722
792
51,450



At 30 April 2023
26,430
14,894
219
41,543

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
25,695
-

Page 7

 
WINTER'S BREWING COMPANY LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
21,558
28,625

Prepayments and accrued income
4,330
3,838

25,888
32,463



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,000
7,000

Trade creditors
1,916
2,158

Corporation tax
8,545
13,503

Other taxation and social security
15,981
16,193

Obligations under finance lease and hire purchase contracts
5,286
-

Other creditors
42,308
49,739

Accruals and deferred income
10,655
11,360

91,691
99,953



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,813
15,814

Net obligations under finance leases and hire purchase contracts
6,765
-

15,578
15,814


Secured creditors
The total amount of creditors for which security has been given amounted to £12,050 (2023 - £NIL).  Hire Purchase contracts are secured on assets owned by the company.

Page 8

 
WINTER'S BREWING COMPANY LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,000
7,000


Amounts falling due 2-5 years

Bank loans
8,813
15,814


15,813
22,814



10.


Deferred taxation




2024


£






At beginning of year
(10,386)


Charged to profit or loss
(2,477)



At end of year
(12,863)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,863)
(10,386)

(12,863)
(10,386)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £11,955 (2023 - £2,527). Contributions totalling £249 (2023 - £222) were payable to the fund at the balance sheet date and are included in creditors.


Page 9