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Company Registration No. 09383901 (England and Wales)
Steam Machine Brewing Company Ltd Unaudited accounts for the year ended 31 January 2024
Steam Machine Brewing Company Ltd Unaudited accounts Contents
Page
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Steam Machine Brewing Company Ltd Company Information for the year ended 31 January 2024
Directors
Nicholas Andrew Smith Gulen Ozmeral Smith
Company Number
09383901 (England and Wales)
Registered Office
26 Northfield Way Aycliffe Business ParK Newton Aycliffe County Durham DL5 6UF
Accountants
Wecount Ltd Business Central 2 Union Square Darlington County Durham DL1 1GL
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Steam Machine Brewing Company Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,200 
1,800 
Tangible assets
62,706 
75,426 
63,906 
77,226 
Current assets
Inventories
39,405 
36,731 
Debtors
14,076 
13,331 
Cash at bank and in hand
25,711 
9,768 
79,192 
59,830 
Creditors: amounts falling due within one year
(119,585)
(61,582)
Net current liabilities
(40,393)
(1,752)
Total assets less current liabilities
23,513 
75,474 
Creditors: amounts falling due after more than one year
(87,215)
(93,350)
Net liabilities
(63,702)
(17,876)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(63,802)
(17,976)
Shareholders' funds
(63,702)
(17,876)
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Nicholas Andrew Smith Director Company Registration No. 09383901
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Steam Machine Brewing Company Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Steam Machine Brewing Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 09383901. The registered office is 26 Northfield Way, Aycliffe Business ParK, Newton Aycliffe, County Durham, DL5 6UF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
A: 50% Straight Line, B: 33% Straight Line, C: 20% Straight Line, D: 10% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The Directors have a reasonable expectation at the time of approving the financial statements that the company has adequate resources to continue to trade for the foreseeable future. The Directors have provided a loan to the company and have pledged their ongoing support for the foreseeable future. The Directors, therefore, consider it appropriate to prepare the accounts on the going concern basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Steam Machine Brewing Company Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
3,000 
At 31 January 2024
3,000 
Amortisation
At 1 February 2023
1,200 
Charge for the year
600 
At 31 January 2024
1,800 
Net book value
At 31 January 2024
1,200 
At 31 January 2023
1,800 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
128,456 
15,182 
143,638 
Additions
1,940 
- 
1,940 
At 31 January 2024
130,396 
15,182 
145,578 
Depreciation
At 1 February 2023
63,725 
4,487 
68,212 
Charge for the year
11,639 
3,021 
14,660 
At 31 January 2024
75,364 
7,508 
82,872 
Net book value
At 31 January 2024
55,032 
7,674 
62,706 
At 31 January 2023
64,731 
10,695 
75,426 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,677 
5,405 
Accrued income and prepayments
676 
1,552 
Other debtors
6,723 
6,374 
14,076 
13,331 
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Steam Machine Brewing Company Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
23,886 
10,793 
Trade creditors
11,428 
41,339 
Taxes and social security
8,060 
(69,852)
Other creditors
- 
2,361 
Loans from directors
76,211 
74,601 
Accruals
- 
2,340 
119,585 
61,582 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
53,125 
52,500 
Deferred income
34,090 
40,850 
87,215 
93,350 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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