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REGISTERED NUMBER: 05597546 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

Stuart Beer & Co Limited

Stuart Beer & Co Limited (Registered number: 05597546)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stuart Beer & Co Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Beer





REGISTERED OFFICE: 2 The Oaks
School Lane
Ufford
Woodbridge
Suffolk
IP13 6DX





REGISTERED NUMBER: 05597546 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Stuart Beer & Co Limited (Registered number: 05597546)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 440,797 449,322
440,797 449,322

CURRENT ASSETS
Stocks 149,078 125,232
Debtors 6 667,194 690,529
Cash at bank 239,922 272,021
1,056,194 1,087,782
CREDITORS
Amounts falling due within one year 7 607,506 657,633
NET CURRENT ASSETS 448,688 430,149
TOTAL ASSETS LESS CURRENT LIABILITIES 889,485 879,471

CREDITORS
Amounts falling due after more than one
year

8

(56,275

)

(194,927

)

PROVISIONS FOR LIABILITIES 12 (3,692 ) (4,513 )
NET ASSETS 829,518 680,031

CAPITAL AND RESERVES
Called up share capital 13 1,200 1,200
Retained earnings 828,318 678,831
SHAREHOLDERS' FUNDS 829,518 680,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stuart Beer & Co Limited (Registered number: 05597546)

Statement of Financial Position - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2024 and were signed by:





S Beer - Director


Stuart Beer & Co Limited (Registered number: 05597546)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Stuart Beer & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2% straight line on buildings
Improvements to leasehold property - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Freehold land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Stuart Beer & Co Limited (Registered number: 05597546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1,466,920
AMORTISATION
At 1 February 2023
and 31 January 2024 1,466,920
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Stuart Beer & Co Limited (Registered number: 05597546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
Freehold leasehold and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 446,380 16,676 119,100 4,494 586,650
Additions (295 ) - 3,349 - 3,054
Disposals - - (737 ) - (737 )
At 31 January 2024 446,085 16,676 121,712 4,494 588,967
DEPRECIATION
At 1 February 2023 19,408 556 113,343 4,021 137,328
Charge for year 4,160 1,668 5,110 334 11,272
Eliminated on disposal - - (430 ) - (430 )
At 31 January 2024 23,568 2,224 118,023 4,355 148,170
NET BOOK VALUE
At 31 January 2024 422,517 14,452 3,689 139 440,797
At 31 January 2023 426,972 16,120 5,757 473 449,322

Included in cost of land and buildings is freehold land of £ 95,500 (2023 - £ 95,500 ) which is not depreciated.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 150,310 145,111
Other debtors 515,951 541,741
666,261 686,852

Amounts falling due after more than one year:
Other debtors 933 3,677

Aggregate amounts 667,194 690,529

Included in other debtors is £494,000 (2023 - £515,000) owed by a company that has the same controlling party.

Stuart Beer & Co Limited (Registered number: 05597546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 69,107 128,471
Trade creditors 247,290 255,585
Taxation and social security 72,255 54,208
Other creditors 218,854 219,369
607,506 657,633

Other creditors include a CBILS loan (see note 12).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) - 74,138
Other creditors 56,275 120,789
56,275 194,927

Other creditors include a CBILS loan (see note 12).

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 69,107 128,471
CBILS loan 64,514 61,374
133,621 189,845

Amounts falling due between one and two years:
Bank loans - 74,138
CBILS loan 56,275 64,514
56,275 138,652

Amounts falling due between two and five years:
CBILS loan - 56,275

The CBILS loan is partially guaranteed by the government.

Stuart Beer & Co Limited (Registered number: 05597546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,000 10,000
Between one and five years 15,833 25,833
25,833 35,833

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 69,107 202,609

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,692 4,513

Deferred
tax
£   
Balance at 1 February 2023 4,513
Credit to Statement of Income and Retained Earnings during year (821 )
Balance at 31 January 2024 3,692

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000
200 Ordinary B £1 200 200
1,200 1,200

14. RELATED PARTY DISCLOSURES

During the year the company operated part of its business from a property owned by a company with the same controlling party. No rent was charged. At 31 January 2024 this company also owed Stuart Beer & Co Limited £494,000 (2023 - £515,000), with the facility being unsecured and interest free.