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REGISTERED NUMBER: 11305014 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ATTIC BREW CO. LTD

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATTIC BREW CO. LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Back
O J Hurlow





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 11305014 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468,497 364,217
Investments 5 10 10
468,507 364,227

CURRENT ASSETS
Stocks 135,770 87,678
Debtors 6 303,051 159,423
Cash at bank 179,907 129,690
618,728 376,791
CREDITORS
Amounts falling due within one year 7 425,961 262,721
NET CURRENT ASSETS 192,767 114,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,274

478,297

CREDITORS
Amounts falling due after more than
one year

8

(168,561

)

(143,067

)

PROVISIONS FOR LIABILITIES (117,347 ) (56,209 )
NET ASSETS 375,366 279,021

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 11
Share premium 39,999 39,999
Capital redemption reserve 1 -
Retained earnings 335,356 239,011
SHAREHOLDERS' FUNDS 375,366 279,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 4 December 2024 and were signed on its behalf by:





S J Back - Director


ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Attic Brew Co. Ltd 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.

On 2 May 2024, the Company changed registered office address from 34 High Street, Aldridge, Walsall, West Midlands, WS9 8LZ to 29B Mary Vale Road, Stirchley, Birmingham, B30 2DA.

On 2 Sep 2024, the Company changed registered office address from 29B Mary Vale Road, Stirchley, Birmingham, B30 2DA to the address shown 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.

The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 37,078 512,052 37,426 8,620 595,176
Additions 5,959 196,449 550 2,681 205,639
Disposals - (23,732 ) - - (23,732 )
At 30 April 2024 43,037 684,769 37,976 11,301 777,083
DEPRECIATION
At 1 May 2023 4,441 210,927 12,652 2,939 230,959
Charge for year 1,546 86,829 3,716 2,265 94,356
Eliminated on disposal - (16,729 ) - - (16,729 )
At 30 April 2024 5,987 281,027 16,368 5,204 308,586
NET BOOK VALUE
At 30 April 2024 37,050 403,742 21,608 6,097 468,497
At 30 April 2023 32,637 301,125 24,774 5,681 364,217

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 10
NET BOOK VALUE
At 30 April 2024 10
At 30 April 2023 10

Shares in subsidiaries represent the company's 100% interest in the ordinary share capital of Attic Barrel Store JQ Limited.

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 164,069 90,881
Amounts owed by group undertakings 120,062 50,215
Other debtors 18,920 18,327
303,051 159,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,364 36,363
Hire purchase contracts (see note 9)
35,380

13,202
Trade creditors 117,590 78,480
Taxation and social security 89,839 69,006
Other creditors 146,788 65,670
425,961 262,721

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 69,697 107,495
Hire purchase contracts (see note 9)
98,864

35,572
168,561 143,067

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 35,380 13,202
Between one and five years 98,864 35,572
134,244 48,774

ATTIC BREW CO. LTD (REGISTERED NUMBER: 11305014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 73,876 68,021
Between one and five years 218,218 346,936
292,094 414,957

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 106,061 143,858
Hire purchase contracts 134,244 48,774
240,305 192,632

The hire purchase creditors are secured against the assets to which they relate.

The bank loan is secured via a fixed and floating charge over the undertaking and assets of the Company.

11. PURCHASE COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 159,901 177,472

12. SHARE CAPITAL

During the year, a purchase of own shares transaction was conducted. The Company purchased 56 B Ordinary shares for a consideration of £20,000.