Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07456234 Jason Duncan-Anderson Gregory Blesson Red Squirrel Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07456234 2023-06-30 07456234 2024-06-30 07456234 2023-07-01 2024-06-30 07456234 frs-core:CurrentFinancialInstruments 2024-06-30 07456234 frs-core:Non-currentFinancialInstruments 2024-06-30 07456234 frs-core:BetweenOneFiveYears 2024-06-30 07456234 frs-core:FurnitureFittings 2024-06-30 07456234 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07456234 frs-core:FurnitureFittings 2023-06-30 07456234 frs-core:NetGoodwill 2024-06-30 07456234 frs-core:NetGoodwill 2023-07-01 2024-06-30 07456234 frs-core:NetGoodwill 2023-06-30 07456234 frs-core:PlantMachinery 2024-06-30 07456234 frs-core:PlantMachinery 2023-07-01 2024-06-30 07456234 frs-core:PlantMachinery 2023-06-30 07456234 frs-core:WithinOneYear 2024-06-30 07456234 frs-core:ShareCapital 2024-06-30 07456234 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07456234 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07456234 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07456234 frs-bus:SmallEntities 2023-07-01 2024-06-30 07456234 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07456234 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07456234 1 2023-07-01 2024-06-30 07456234 frs-bus:Director1 2023-07-01 2024-06-30 07456234 frs-bus:Director2 2023-07-01 2024-06-30 07456234 frs-countries:EnglandWales 2023-07-01 2024-06-30 07456234 2022-06-30 07456234 2023-06-30 07456234 2022-07-01 2023-06-30 07456234 frs-core:CurrentFinancialInstruments 2023-06-30 07456234 frs-core:Non-currentFinancialInstruments 2023-06-30 07456234 frs-core:BetweenOneFiveYears 2023-06-30 07456234 frs-core:WithinOneYear 2023-06-30 07456234 frs-core:ShareCapital 2023-06-30 07456234 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07456234
Red Squirrel Brewery Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Jason Duncan-Anderson
Gregory Blesson
Company Number 07456234
Registered Office Unit 18 Boxted Farm
Berkhamsted Road
Hemel Hempstead
Herts
HP1 2SG
Accountants HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
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Balance Sheet
Registered number: 07456234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,790 6,755
Tangible Assets 5 574,810 530,134
580,600 536,889
CURRENT ASSETS
Stocks 6 203,010 158,447
Debtors 7 496,998 480,526
Cash at bank and in hand 74,422 77,577
774,430 716,550
Creditors: Amounts Falling Due Within One Year 8 (1,755,396 ) (1,662,250 )
NET CURRENT ASSETS (LIABILITIES) (980,966 ) (945,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (400,366 ) (408,811 )
Creditors: Amounts Falling Due After More Than One Year 9 (581,655 ) (441,470 )
NET LIABILITIES (982,021 ) (850,281 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account (983,021 ) (851,281 )
SHAREHOLDERS' FUNDS (982,021) (850,281)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Jason Duncan-Anderson
Director
20 September 2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Red Squirrel Brewery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07456234 . The registered office is Unit 18 Boxted Farm, Berkhamsted Road, Hemel Hempstead, Herts, HP1 2SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in GBP.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
The directors have no reason to believe that the company will not be able to meet its obligations as they fall due.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 25% reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 26)
25 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 19,300
As at 30 June 2024 19,300
Amortisation
As at 1 July 2023 12,545
Provided during the period 965
As at 30 June 2024 13,510
Net Book Value
As at 30 June 2024 5,790
As at 1 July 2023 6,755
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 1,039,766 16,717 1,056,483
Additions 142,203 4,899 147,102
As at 30 June 2024 1,181,969 21,616 1,203,585
Depreciation
As at 1 July 2023 513,137 13,212 526,349
Provided during the period 100,325 2,101 102,426
As at 30 June 2024 613,462 15,313 628,775
Net Book Value
As at 30 June 2024 568,507 6,303 574,810
As at 1 July 2023 526,629 3,505 530,134
6. Stocks
2024 2023
£ £
Finished goods 203,010 158,447
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 258,394 295,667
Prepayments and accrued income 28,042 12,783
Other debtors 306 -
Amounts owed by group undertakings 210,256 172,076
496,998 480,526
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 317,451 211,609
Bank loans and overdrafts 285,751 110,751
Finance lease and HP contracts 45,592 45,592
Other taxes and social security 75,269 60,505
VAT 94,419 126,060
Other creditors 3,288 6,720
Accruals 10,861 23,924
Amounts owed to group undertakings 922,765 1,077,089
1,755,396 1,662,250
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 483,579 297,802
Finance lease and HP contracts > 1 year 98,076 143,668
581,655 441,470
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 32,848 102,653
Later than one year and not later than five years 371,342 269,708
404,190 372,361
12. Related Party Transactions
At the end of the year the company owed its parent company, Red Squirrel Group Limited, £922,765 (2023 - £1,077,089).
During the year the company paid for services to the value of £2,137 (2023 - £1,991) from Red Squirrel Group Limited.
At the end of the year the company was owed £151,966 (2023 - £125,497) by an associated company, The Brewery Shop Limited.
At the end of the year the company was also owed £58,290 (2023 - £46,580) by an associated company, Mad Squirrel Tap Watford Ltd.
During the year the company sold goods to the value of £367,070 (2023 - £365,657) to The Brewery Shop Limited, and £78,341 (2023 - £nil) to Mad Squirrel Tap Watford Ltd.
The company has taken advantage of the exemption in FRS 102 paragraph 1AC.35 from disclosing transactions with members of the Red Squirrel Group Limited, on the grounds that it is a wholly-owned member of the group.
13. Ultimate Controlling Party
The company's ultimate controlling party is Red Squirrel Group Limited by virtue of his ownership of 100% of the issued share capital in the company.
Red Squirrel Brewery Limited is a subsidiary of Red Squirrel Group Limited, a company incorporated in England.
Red Squirrel Group Ltd has the same address as its subsidiary.
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