Company Registration No. 05755309 (England and Wales)
Tower Brewery Limited
Unaudited accounts
for the year ended 31 March 2024
Tower Brewery Limited
Unaudited accounts
Contents
Tower Brewery Limited
Company Information
for the year ended 31 March 2024
Directors
John Mills
Karen Mills
Company Number
05755309 (England and Wales)
Registered Office
Walsitch Maltings
Glensyl Way
Burton-on-Trent
Staffordshire
DE14 1PZ
United Kingdom
Tower Brewery Limited
Statement of financial position
as at 31 March 2024
Intangible assets
140,000
145,850
Tangible assets
30,338
36,649
Cash at bank and in hand
110,957
105,388
Creditors: amounts falling due within one year
(241,512)
(264,046)
Net current liabilities
(113,069)
(122,438)
Called up share capital
100
100
Profit and loss account
57,169
59,961
Shareholders' funds
57,269
60,061
For the year ending 31 March 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 31 December 2024 and were signed on its behalf by
John Mills
Director
Company Registration No. 05755309
Tower Brewery Limited
Notes to the Accounts
for the year ended 31 March 2024
Tower Brewery Limited is a private company, limited by shares, registered in England and Wales, registration number 05755309. The registered office is Walsitch Maltings, Glensyl Way, Burton-on-Trent, Staffordshire, DE14 1PZ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
15% of written down value
Motor vehicles
25% of written down value
Fixtures & fittings
20% of written down value
Intangible fixed assets are included at cost less accumulated amortisation.
Goodwill is written off over 30 years or anticipated life
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tower Brewery Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
140,631
86,682
227,313
At 31 March 2024
140,631
86,682
227,313
At 1 April 2023
112,122
78,542
190,664
Charge for the year
4,276
2,035
6,311
At 31 March 2024
116,398
80,577
196,975
At 31 March 2024
24,233
6,105
30,338
At 31 March 2023
28,509
8,140
36,649
Amounts falling due within one year
Accrued income and prepayments
2,400
2,510
Tower Brewery Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
17,365
18,713
Taxes and social security
671
4,557
Proposed dividends
1,010
1,025
Other creditors
1,211
7,372
Loans from directors
214,084
227,122
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).