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Registered number: 07545867
The Balterley Beer Company Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07545867
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,317 10,634
Tangible Assets 5 44,975 56,781
50,292 67,415
CURRENT ASSETS
Stocks 6 66,000 59,463
Debtors 7 71,239 89,189
Cash at bank and in hand 33,848 30,951
171,087 179,603
Creditors: Amounts Falling Due Within One Year 8 (165,805 ) (210,561 )
NET CURRENT ASSETS (LIABILITIES) 5,282 (30,958 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,574 36,457
Creditors: Amounts Falling Due After More Than One Year 9 (27,849 ) (31,462 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (182 )
NET ASSETS 27,725 4,813
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 27,525 4,613
SHAREHOLDERS' FUNDS 27,725 4,813
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For the year ending 30 April 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
Mrs Gillian Sherwin
Director
Mr William Sherwin
Director
14 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Balterley Beer Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07545867 . The registered office is Unit 4c Aspect Court, Silverdale Enterprise Park, Newcastle Under Lyme, ST5 6SS.
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.
2.2. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. They are amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Leasehold 20% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
2.5. 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.
2.6. 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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2.7. 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 year 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 asset reflects 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 37,225
As at 30 April 2024 37,225
Amortisation
As at 1 May 2023 26,591
Provided during the period 5,317
As at 30 April 2024 31,908
Net Book Value
As at 30 April 2024 5,317
As at 1 May 2023 10,634
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 17,405 110 58,245 10,585 86,345
Additions - 845 - 915 1,760
As at 30 April 2024 17,405 955 58,245 11,500 88,105
Depreciation
As at 1 May 2023 7,315 72 15,873 6,304 29,564
Provided during the period 2,018 176 10,593 779 13,566
As at 30 April 2024 9,333 248 26,466 7,083 43,130
Net Book Value
As at 30 April 2024 8,072 707 31,779 4,417 44,975
As at 1 May 2023 10,090 38 42,372 4,281 56,781
6. Stocks
2024 2023
£ £
Materials 66,000 59,463
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,718 76,678
Prepayments and accrued income 7,353 5,531
Other debtors 2,698 1,561
Deferred tax current asset 1,928 -
VAT 2,542 5,419
71,239 89,189
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,614 3,269
Trade creditors 87,843 134,083
Corporation tax 21,863 27,212
Other taxes and social security 6,260 1,969
Other creditors 1,729 2,171
Accruals and deferred income 38,513 41,490
Directors' loan accounts 5,983 367
165,805 210,561
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,849 31,462
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,463 34,731
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,170 4,170
Later than one year and not later than five years 3,475 7,646
7,645 11,816
13. Directors Advances, Credits and Guarantees
Dividends paid to directors in the year were £Nil (2023: £7,952).
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