1 September 2023 false No description of principal activity Taxfiler 2024.6 SC740165business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC7401652023-08-31 SC7401652023-09-012024-08-31 SC740165business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC740165business:AbridgedAccounts2023-09-012024-08-31 SC7401652024-08-31 SC740165business:Director12023-09-012024-08-31 SC740165business:Director22023-09-012024-08-31 SC740165business:Director32023-09-012024-08-31 SC740165business:Director42023-09-012024-08-31 SC740165business:RegisteredOffice2023-09-012024-08-31 SC7401652023-08-31 SC740165core:WithinOneYear2024-08-31 SC740165core:WithinOneYear2023-08-31 SC740165core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC740165core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC740165core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC740165core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC740165core:PreviouslyStatedAmount2024-08-31 SC740165core:PreviouslyStatedAmount2023-08-31 SC740165business:SmallEntities2023-09-012024-08-31 SC740165countries:Scotland2023-09-012024-08-31 SC740165core:LandBuildings2023-09-012024-08-31 SC740165core:PlantMachinery2023-09-012024-08-31 SC740165core:FurnitureFittings2023-09-012024-08-31 SC740165core:ComputerEquipment2023-09-012024-08-31 SC740165core:BetweenOneFiveYears2024-08-31 SC740165core:BetweenOneFiveYears2023-08-31 SC7401652022-08-032023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC740165 (Scotland)
Inverness Beer Ltd Unaudited accounts for the year ended 31 August 2024
Inverness Beer Ltd Unaudited accounts Contents
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Inverness Beer Ltd Company Information for the year ended 31 August 2024
Directors
M MacPherson K MacPherson D Ireland J Donaldson
Company Number
SC740165 (Scotland)
Registered Office
Unit 6 The Victorian Market Inverness IV1 1AN
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Inverness Beer Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,039 
13,399 
Current assets
Inventories
6,521 
6,117 
Debtors
60 
1,457 
Cash at bank and in hand
10,474 
11,607 
17,055 
19,181 
Creditors: amounts falling due within one year
(17,473)
(23,482)
Net current liabilities
(418)
(4,301)
Total assets less current liabilities
9,621 
9,098 
Provisions for liabilities
Deferred tax
(125)
(707)
Net assets
9,496 
8,391 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,396 
8,291 
Shareholders' funds
9,496 
8,391 
For the year ending 31 August 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 11 April 2025 and were signed on its behalf by
D Ireland Director Company Registration No. SC740165
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Inverness Beer Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Inverness Beer Ltd is a private company, limited by shares, registered in Scotland, registration number SC740165. The registered office is Unit 6, The Victorian Market, Inverness, IV1 1AN.
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.
Presentation currency
The accounts are presented in £ sterling.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% straight line (the length of the lease)
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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Inverness Beer Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2023
16,739 
At 31 August 2024
16,739 
Depreciation
At 1 September 2023
3,340 
Charge for the year
3,360 
At 31 August 2024
6,700 
Net book value
At 31 August 2024
10,039 
At 31 August 2023
13,399 
5
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
12,000 
16,000 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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