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REGISTERED NUMBER: 09458897 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DEYA BREWING COMPANY LIMITED

DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DEYA BREWING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 February 2024







DIRECTORS: Mr T R S Freyne
Mrs R P Freyne
Mr A P B Freyne





REGISTERED OFFICE: Unit 27
Lansdown Industrial Estate
Cheltenham
Gloucestershire
GL51 8PL





REGISTERED NUMBER: 09458897 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,320,224 3,336,804

CURRENT ASSETS
Stocks 704,212 828,141
Debtors 5 660,901 907,066
Cash at bank and in hand 442,455 223,583
1,807,568 1,958,790
CREDITORS
Amounts falling due within one year 6 986,550 1,191,321
NET CURRENT ASSETS 821,018 767,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,141,242

4,104,273

CREDITORS
Amounts falling due after more than one year 7 (567,687 ) (786,181 )

PROVISIONS FOR LIABILITIES (838,681 ) (631,481 )
NET ASSETS 2,734,874 2,686,611

CAPITAL AND RESERVES
Called up share capital 282 282
Share premium 1,598,485 1,597,886
Retained earnings 1,136,107 1,088,443
SHAREHOLDERS' FUNDS 2,734,874 2,686,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)

BALANCE SHEET - continued
29 February 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr A P B Freyne - Director


DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024

1. STATUTORY INFORMATION

Deya Brewing 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease of the term, whichever is shorter.

Computer Equipment - 25%
Fixtures and Fittings - 10%
Motor Vehicles - 10%
Plant & Machinery - 7.5%
Property Improvements - 10% (over the period of the lease)
Right of Use Assets (Plant & Machinery) - 7.5%, less any residual value.

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. This includes the tax that would be due on assets on which capital allowances have been claimed, should they be sold. It is not the company's intention at the date of signing of the Financial Statements to sell any assets of material value in the foreseeable future.

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.

DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 467,980 3,340,863 19,675 48,135 3,876,653
Additions 64,426 178,215 - 17,031 259,672
At 29 February 2024 532,406 3,519,078 19,675 65,166 4,136,325
DEPRECIATION
At 1 March 2023 161,984 344,678 10,115 23,072 539,849
Charge for year 47,606 214,153 1,968 12,525 276,252
At 29 February 2024 209,590 558,831 12,083 35,597 816,101
NET BOOK VALUE
At 29 February 2024 322,816 2,960,247 7,592 29,569 3,320,224
At 28 February 2023 305,996 2,996,185 9,560 25,063 3,336,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 511,306 446,648
Other debtors 17,417 34,290
Directors' current accounts 4,517 150,993
Tax 50,960 93,857
Prepayments 76,701 181,278
660,901 907,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,496 66,596
Hire purchase contracts 289,740 279,236
Trade creditors 170,284 286,025
Tax 1,412 51,359
Social security and other taxes 37,421 33,342
Pensions Payable 5,899 5,247
VAT 157,996 155,178
Other creditors 8,219 5,780
Directors' current accounts 467 51,560
Accrued expenses 246,616 256,998
986,550 1,191,321

DEYA BREWING COMPANY LIMITED (REGISTERED NUMBER: 09458897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 102,036 174,698
Hire purchase contracts 465,651 611,483
567,687 786,181

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 170,532 241,294

The loan balance is secured on the plant & machinery brewing equipment.

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £731,729 (2023 £875,575)

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr T R S Freyne
Balance outstanding at start of year (51,560 ) (317,392 )
Amounts advanced 56,077 265,832
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,517 (51,560 )

Mr A P B Freyne
Balance outstanding at start of year 150,993 (51,802 )
Amounts advanced 215,741 203,677
Amounts repaid (367,202 ) (882 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (468 ) 150,993

There are no fixed terms to the loans and they are repayable on demand. Interest has been charged at HMRC's official rate on overdrawn balances over £10,000.