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REGISTERED NUMBER: SC532477 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

A Northerly Brewing Ltd

A Northerly Brewing Ltd (Registered number: SC532477)






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


A Northerly Brewing Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D A Shaw
Mrs R H S Shaw





REGISTERED OFFICE: The Old Smiddy
Strathnaver Street
Helmsdale
Sutherland
KW8 6JH





REGISTERED NUMBER: SC532477 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

A Northerly Brewing Ltd (Registered number: SC532477)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,953 51,020
Investments 5 100 100
51,053 51,120

CURRENT ASSETS
Debtors 6 16,179 15,263
Cash at bank 9,688 1,992
25,867 17,255
CREDITORS
Amounts falling due within one year 7 (71,189 ) (63,800 )
NET CURRENT LIABILITIES (45,322 ) (46,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,731

4,575

CREDITORS
Amounts falling due after more than one year 8 - (4,177 )

PROVISIONS FOR LIABILITIES (1,064 ) (1,456 )
NET ASSETS/(LIABILITIES) 4,667 (1,058 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,567 (1,158 )
4,667 (1,058 )

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.

A Northerly Brewing Ltd (Registered number: SC532477)

Balance Sheet - continued
30 April 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 31 January 2025 and were signed on its behalf by:





D A Shaw - Director


A Northerly Brewing Ltd (Registered number: SC532477)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A Northerly Brewing Ltd is a private company, limited by shares , registered in Scotland. 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 etc - 15% reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

A Northerly Brewing Ltd (Registered number: SC532477)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 46,760 8,488 55,248
Additions - 1,435 1,435
At 30 April 2024 46,760 9,923 56,683
DEPRECIATION
At 1 May 2023 936 3,292 4,228
Charge for year 468 1,034 1,502
At 30 April 2024 1,404 4,326 5,730
NET BOOK VALUE
At 30 April 2024 45,356 5,597 50,953
At 30 April 2023 45,824 5,196 51,020

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 916 -
Other debtors 15,263 15,263
16,179 15,263

A Northerly Brewing Ltd (Registered number: SC532477)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 142 144
Taxation and social security 1,078 427
Other creditors 69,969 63,229
71,189 63,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 4,177

9. GOING CONCERN

The directors are aware that the company is technically insolvent but with their ongoing financial commitment it will continue to be a going concern.