Company registration number 07125104 (England and Wales)
THE BREWERS WHOLESALE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
THE BREWERS WHOLESALE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE BREWERS WHOLESALE LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
412,500
450,000
Tangible assets
4
4,500
-
0
417,000
450,000
Current assets
Stocks
72,017
69,243
Debtors
5
310,952
310,871
Cash at bank and in hand
27,088
1,259
410,057
381,373
Creditors: amounts falling due within one year
6
(592,743)
(619,857)
Net current liabilities
(182,686)
(238,484)
Total assets less current liabilities
234,314
211,516
Creditors: amounts falling due after more than one year
7
(31,426)
(41,121)
Net assets
202,888
170,395
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
202,788
170,295
Total equity
202,888
170,395

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THE BREWERS WHOLESALE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 10 October 2024
Mark Hill
Director
Company Registration No. 07125104
THE BREWERS WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

The Brewers Wholesale Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2b Gainsborough Trading Estate, Rufford Road, Stourbridge, West Midlands, DY9 7ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

1.6
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

THE BREWERS WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
9
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
750,000
Amortisation and impairment
At 1 June 2023
300,000
Amortisation charged for the year
37,500
At 31 May 2024
337,500
Carrying amount
At 31 May 2024
412,500
At 31 May 2023
450,000
THE BREWERS WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
-
0
Additions
6,000
At 31 May 2024
6,000
Depreciation and impairment
At 1 June 2023
-
0
Depreciation charged in the year
1,500
At 31 May 2024
1,500
Carrying amount
At 31 May 2024
4,500
At 31 May 2023
-
0
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
305,104
305,415
Other debtors
5,848
5,456
310,952
310,871
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
54,919
34,150
Trade creditors
359,630
382,899
Taxation and social security
57,249
77,888
Other creditors
120,945
124,920
592,743
619,857
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
31,426
41,121
THE BREWERS WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
29,688
29,169
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