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REGISTERED NUMBER: 06974167 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BRADFIELD BREWERY LIMITED

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADFIELD BREWERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Susan Gill
Richard William Gill
John Richard Gill
Lisa Ellen Moat





REGISTERED OFFICE: Watt House Farm
High Bradfield
Sheffield
S6 6LG





REGISTERED NUMBER: 06974167 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 105,000
Tangible assets 5 2,694,499 2,549,008
2,784,499 2,654,008

CURRENT ASSETS
Stocks 334,237 339,702
Debtors 6 832,193 730,952
Investments 7 364,074 352,796
Cash at bank and in hand 305,935 449,818
1,836,439 1,873,268
CREDITORS
Amounts falling due within one year 8 1,685,783 1,698,549
NET CURRENT ASSETS 150,656 174,719
TOTAL ASSETS LESS CURRENT LIABILITIES 2,935,155 2,828,727

CREDITORS
Amounts falling due after more than one
year

9

(32,208

)

-

PROVISIONS FOR LIABILITIES (164,044 ) (162,829 )
NET ASSETS 2,738,903 2,665,898

CAPITAL AND RESERVES
Called up share capital 1,014 1,014
Revaluation reserve 10 65,574 54,296
Retained earnings 2,672,315 2,610,588
2,738,903 2,665,898

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

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

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




John Richard Gill - Director Susan Gill - Director




Lisa Ellen Moat - Director Richard William Gill - Director


BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Bradfield Brewery 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.

GOODWILL
Goodwill has been amortised evenly over its estimated useful life of 10 years.

INTANGIBLE ASSETS
Trademarks have been amortised evenly over their estimated useful life of 10 years.

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% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and Loss Account, 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.

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Trademarks Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 450,000 3,158 453,158
AMORTISATION
At 1 June 2023 345,000 3,158 348,158
Amortisation for year 15,000 - 15,000
At 31 May 2024 360,000 3,158 363,158
NET BOOK VALUE
At 31 May 2024 90,000 - 90,000
At 31 May 2023 105,000 - 105,000

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 2,107,058 1,253,253 180,279 571,988 4,112,578
Additions 186,865 149,234 4,677 10,250 351,026
Disposals - - - (16,495 ) (16,495 )
At 31 May 2024 2,293,923 1,402,487 184,956 565,743 4,447,109
DEPRECIATION
At 1 June 2023 196,797 877,406 172,728 316,639 1,563,570
Charge for year 46,497 78,612 7,069 64,080 196,258
Eliminated on disposal - - - (7,218 ) (7,218 )
At 31 May 2024 243,294 956,018 179,797 373,501 1,752,610
NET BOOK VALUE
At 31 May 2024 2,050,629 446,469 5,159 192,242 2,694,499
At 31 May 2023 1,910,261 375,847 7,551 255,349 2,549,008

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,597 440,705
Amounts owed by related party 431,394 266,894
Other debtors 68,202 23,353
832,193 730,952

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 364,074 352,796

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,598 -
Trade creditors 294,222 390,973
Taxation and social security 225,677 222,721
Other creditors 1,158,286 1,084,855
1,685,783 1,698,549

BRADFIELD BREWERY LIMITED (REGISTERED NUMBER: 06974167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 32,208 -

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023 54,296
Gain in the year 11,278

At 31 May 2024 65,574

11. SECURED DEBT

National Westminster Bank Plc have a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost
represents contributions payable by the company to the fund and amounted to £16,835 (2023: £18,471).
Contributions totalling £nil (2023: £nil) were payable to the fund at the year end and are included
in creditors.

13. RELATED PARTY

As at 31st May 2024 debtors includes the following related party balance:
Gritstone Properties Limited £431,394 (2023: £266,894).