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Company Registration No. 10564120 (England and Wales)
STEAM TOWN BREWCO LIMITED Unaudited accounts for the year ended 30 June 2024
STEAM TOWN BREWCO LIMITED Unaudited accounts Contents
Page
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STEAM TOWN BREWCO LIMITED Company Information for the year ended 30 June 2024
Directors
David Mackie Rebecca Holdsworth
Secretary
Andrew Dyer
Company Number
10564120 (England and Wales)
Registered Office
1 BISHOPSTOKE ROAD EASTLEIGH SO50 6AD ENGLAND
Accountants
TBT Accountancy Ltd Kingfisher House Rownhams Lane North Baddesley Southampton Hampshire SO52 9LP
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STEAM TOWN BREWCO LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
300,597 
284,762 
Current assets
Inventories
53,422 
44,720 
Debtors
23,145 
19,574 
Cash at bank and in hand
174,183 
197,225 
250,750 
261,519 
Creditors: amounts falling due within one year
(178,825)
(174,950)
Net current assets
71,925 
86,569 
Total assets less current liabilities
372,522 
371,331 
Creditors: amounts falling due after more than one year
(28,535)
(68,538)
Provisions for liabilities
Deferred tax
(26,815)
(14,328)
Net assets
317,172 
288,465 
Capital and reserves
Called up share capital
198 
198 
Share premium
221,804 
221,804 
Capital redemption reserve
(2)
(2)
Profit and loss account
95,172 
66,465 
Shareholders' funds
317,172 
288,465 
For the year ending 30 June 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 27 March 2025 and were signed on its behalf by
David Mackie Director Company Registration No. 10564120
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STEAM TOWN BREWCO LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
STEAM TOWN BREWCO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10564120. The registered office is 1 BISHOPSTOKE ROAD, EASTLEIGH, SO50 6AD, ENGLAND.
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 in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. 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. These 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 £1. The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Inventories held for distribution at no or nominal consideration are measured at the lower of replacement cost and original cost, adjusted where applicable for any loss of service potential.
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:
Land & buildings
Straight line over 10 and 15 years
Plant & machinery
10 - 25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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STEAM TOWN BREWCO LIMITED Notes to the Accounts for the year ended 30 June 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease's asset are consumed.
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: 2024: £236,000 [2023: £265,500]
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STEAM TOWN BREWCO LIMITED Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
253,710 
203,275 
17,932 
46,510 
9,889 
531,316 
Additions
8,059 
62,966 
- 
2,308 
358 
73,691 
At 30 June 2024
261,769 
266,241 
17,932 
48,818 
10,247 
605,007 
Depreciation
At 1 July 2023
81,397 
108,485 
11,786 
37,684 
7,202 
246,554 
Charge for the year
20,907 
28,499 
1,537 
5,368 
1,545 
57,856 
At 30 June 2024
102,304 
136,984 
13,323 
43,052 
8,747 
304,410 
Net book value
At 30 June 2024
159,465 
129,257 
4,609 
5,766 
1,500 
300,597 
At 30 June 2023
172,313 
94,790 
6,146 
8,826 
2,687 
284,762 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,549 
14,490 
Accrued income and prepayments
2,994 
2,994 
Other debtors
2,602 
2,090 
23,145 
19,574 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
45,085 
48,676 
VAT
36,879 
36,438 
Trade creditors
47,134 
51,774 
Taxes and social security
16,596 
9,333 
Other creditors
20,398 
21,913 
Accruals
12,733 
6,816 
178,825 
174,950 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,535 
68,538 
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STEAM TOWN BREWCO LIMITED Notes to the Accounts for the year ended 30 June 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
David Mackie
Director's loan account
196 
2,196 
196 
2,196 
196 
2,196 
196 
2,196 
This loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 35 (2023: 34).
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