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REGISTERED NUMBER: 10712012 (England and Wales)















WE ARE BEER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE BEER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D J Sylvester
G Wells





REGISTERED OFFICE: LG01
24 Highbury Grove
Highbury
London
N5 2EF





REGISTERED NUMBER: 10712012 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,941 69,226

CURRENT ASSETS
Stocks 1,090 1,176
Debtors 5 194,636 109,558
Investments 6 880 880
Cash at bank 17,102 7,893
213,708 119,507
CREDITORS
Amounts falling due within one year 7 (210,853 ) (233,394 )
NET CURRENT ASSETS/(LIABILITIES) 2,855 (113,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,796

(44,661

)

CREDITORS
Amounts falling due after more than one
year

8

(2,197

)

(3,743

)
NET ASSETS/(LIABILITIES) 52,599 (48,404 )

CAPITAL AND RESERVES
Called up share capital 9 125 125
Share premium 185,475 185,475
Retained earnings (133,001 ) (234,004 )
SHAREHOLDERS' FUNDS 52,599 (48,404 )

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

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

WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





D J Sylvester - Director


WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

We Are Beer 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.

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.

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 Statement of Income and Retained Earnings, 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.

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 7 (2022 - 8 ) .

WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 92,597
Additions 3,678
At 31 October 2023 96,275
DEPRECIATION
At 1 November 2022 23,371
Charge for year 20,963
At 31 October 2023 44,334
NET BOOK VALUE
At 31 October 2023 51,941
At 31 October 2022 69,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,800 7,350
Amounts owed by group undertakings 86,066 71,428
Other debtors 72,770 30,780
194,636 109,558

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 880 880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,834 35,972
Trade creditors 68,672 22,264
Amounts owed to group undertakings 75,151 38,050
Taxation and social security 4,927 14,665
Other creditors 51,269 122,443
210,853 233,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,197 3,743

WE ARE BEER LIMITED (REGISTERED NUMBER: 10712012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
9,447 Ordinary B Shares 0.001 20 20
14,621 Growth C Shares .001 5 5
125 125