IRIS Accounts Production v24.2.0.383 10028595 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100285952023-02-28100285952024-02-29100285952023-03-012024-02-29100285952022-02-28100285952022-03-012023-02-28100285952023-02-2810028595ns15:EnglandWales2023-03-012024-02-2910028595ns14:PoundSterling2023-03-012024-02-2910028595ns10:Director12023-03-012024-02-2910028595ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910028595ns10:SmallEntities2023-03-012024-02-2910028595ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910028595ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910028595ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910028595ns10:FullAccounts2023-03-012024-02-2910028595ns10:Director22023-03-012024-02-2910028595ns10:RegisteredOffice2023-03-012024-02-2910028595ns5:CurrentFinancialInstruments2024-02-2910028595ns5:CurrentFinancialInstruments2023-02-2810028595ns5:Non-currentFinancialInstruments2024-02-2910028595ns5:Non-currentFinancialInstruments2023-02-2810028595ns5:ShareCapital2024-02-2910028595ns5:ShareCapital2023-02-2810028595ns5:RetainedEarningsAccumulatedLosses2024-02-2910028595ns5:RetainedEarningsAccumulatedLosses2023-02-2810028595ns5:PlantMachinery2023-03-012024-02-2910028595ns5:FurnitureFittings2023-03-012024-02-2910028595ns5:MotorVehicles2023-03-012024-02-2910028595ns5:ComputerEquipment2023-03-012024-02-2910028595ns5:LeaseholdImprovements2023-02-2810028595ns5:PlantMachinery2023-02-2810028595ns5:FurnitureFittings2023-02-2810028595ns5:LeaseholdImprovements2023-03-012024-02-2910028595ns5:LeaseholdImprovements2024-02-2910028595ns5:PlantMachinery2024-02-2910028595ns5:FurnitureFittings2024-02-2910028595ns5:LeaseholdImprovements2023-02-2810028595ns5:PlantMachinery2023-02-2810028595ns5:FurnitureFittings2023-02-2810028595ns5:MotorVehicles2023-02-2810028595ns5:ComputerEquipment2023-02-2810028595ns5:MotorVehicles2024-02-2910028595ns5:ComputerEquipment2024-02-2910028595ns5:MotorVehicles2023-02-2810028595ns5:ComputerEquipment2023-02-2810028595ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910028595ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 10028595 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Elmesthorpe Brewery Co Limited

Elmesthorpe Brewery Co Limited (Registered number: 10028595)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elmesthorpe Brewery Co Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs P Solanki
N V Solanki





REGISTERED OFFICE: Unit 7, Salisbury House
Wheatfield Way
Hinckley
LEICESTER
LE10 1YG





REGISTERED NUMBER: 10028595 (England and Wales)





ACCOUNTANTS: MulliganWilliams
Unit 7, Salisbury House
Wheatfield Way
Hinckley
LEICESTER
LE10 1YG

Elmesthorpe Brewery Co Limited (Registered number: 10028595)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,816,170 865,272

CURRENT ASSETS
Stocks 200,000 200,000
Debtors 5 898,049 496,706
Cash at bank and in hand 69,538 68,699
1,167,587 765,405
CREDITORS
Amounts falling due within one year 6 3,089,758 805,850
NET CURRENT LIABILITIES (1,922,171 ) (40,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,999

824,827

CREDITORS
Amounts falling due after more than one
year

7

(103,861

)

(146,176

)

PROVISIONS FOR LIABILITIES (102,823 ) (46,218 )
NET ASSETS 687,315 632,433

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 687,313 632,431
687,315 632,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Elmesthorpe Brewery Co Limited (Registered number: 10028595)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





N V Solanki - Director


Elmesthorpe Brewery Co Limited (Registered number: 10028595)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Elmesthorpe Brewery 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 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 Income Statement, 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.

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.

Elmesthorpe Brewery Co Limited (Registered number: 10028595)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 - 118,534 1,069,256
Additions 1,929,450 24,617 228,844
At 29 February 2024 1,929,450 143,151 1,298,100
DEPRECIATION
At 1 March 2023 - 53,376 391,313
Charge for year 57,884 13,466 136,068
At 29 February 2024 57,884 66,842 527,381
NET BOOK VALUE
At 29 February 2024 1,871,566 76,309 770,719
At 28 February 2023 - 65,158 677,943

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 72,950 110,564 1,371,304
Additions - 372 2,183,283
At 29 February 2024 72,950 110,936 3,554,587
DEPRECIATION
At 1 March 2023 16,259 45,084 506,032
Charge for year 8,504 16,463 232,385
At 29 February 2024 24,763 61,547 738,417
NET BOOK VALUE
At 29 February 2024 48,187 49,389 2,816,170
At 28 February 2023 56,691 65,480 865,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 278,030 199,067
Other debtors 620,019 297,639
898,049 496,706

Elmesthorpe Brewery Co Limited (Registered number: 10028595)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 74,995 72,998
Trade creditors 297,737 87,747
Taxation and social security 2,184 43,148
Other creditors 2,714,842 601,957
3,089,758 805,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 103,861 146,176

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors advanced net capital of £1,787,678 to the business, leaving the directors loan account balance in hand by £2,090,109, which is included in Other Creditors.