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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
Page
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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
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Tower Brewery Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
140,000 
145,850 
Tangible assets
30,338 
36,649 
170,338 
182,499 
Current assets
Inventories
14,832 
20,432 
Debtors
2,654 
15,788 
Cash at bank and in hand
110,957 
105,388 
128,443 
141,608 
Creditors: amounts falling due within one year
(241,512)
(264,046)
Net current liabilities
(113,069)
(122,438)
Net assets
57,269 
60,061 
Capital and reserves
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
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Tower Brewery Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Intangible fixed assets are included at cost less accumulated amortisation. Goodwill is written off over 30 years or anticipated life
Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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Tower Brewery Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
211,200 
At 31 March 2024
211,200 
Amortisation
At 1 April 2023
65,350 
Charge for the year
5,850 
At 31 March 2024
71,200 
Net book value
At 31 March 2024
140,000 
At 31 March 2023
145,850 
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 
Depreciation
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 
Net book value
At 31 March 2024
24,233 
6,105 
30,338 
At 31 March 2023
28,509 
8,140 
36,649 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
254 
13,278 
Accrued income and prepayments
2,400 
2,510 
2,654 
15,788 
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Tower Brewery Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,671 
5,257 
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 
Accruals
5,500 
- 
241,512 
264,046 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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