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REGISTERED NUMBER: 05745662 (England and Wales)















YOUNG'S HOME BREW LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2024






YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

YOUNG'S HOME BREW LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: K R Scott
J M H Rzym
M P Young
R J Young





SECRETARY: Mrs S Wall





REGISTERED OFFICE: Unit A
Cross Street
Bradley
Bilston
West Midlands
WV14 8DL





REGISTERED NUMBER: 05745662 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,160 21,160
Tangible assets 5 877,397 943,510
897,557 964,670

CURRENT ASSETS
Stocks 442,144 464,856
Debtors 6 153,627 153,399
Cash at bank and in hand 691,653 1,012,329
1,287,424 1,630,584
CREDITORS
Amounts falling due within one year 7 395,238 469,296
NET CURRENT ASSETS 892,186 1,161,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,789,743

2,125,958

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Share premium 90,000 90,000
Retained earnings 1,689,743 2,025,958
SHAREHOLDERS' FUNDS 1,789,743 2,125,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Balance Sheet - continued
31 July 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 10 April 2025 and were signed on its behalf by:





K R Scott - Director


YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Young's Home Brew Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Young's Home Brew Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost
Motor vehicles - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.


YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023 160,000 21,160 181,160
Disposals - (1,000 ) (1,000 )
At 31 July 2024 160,000 20,160 180,160
AMORTISATION
At 1 August 2023
and 31 July 2024 160,000 - 160,000
NET BOOK VALUE
At 31 July 2024 - 20,160 20,160
At 31 July 2023 - 21,160 21,160

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 911,762 163,518 139,116 184,580 1,398,976
Additions - - 666 - 666
At 31 July 2024 911,762 163,518 139,782 184,580 1,399,642
DEPRECIATION
At 1 August 2023 106,372 162,482 111,153 75,459 455,466
Charge for year 18,235 565 8,303 39,676 66,779
At 31 July 2024 124,607 163,047 119,456 115,135 522,245
NET BOOK VALUE
At 31 July 2024 787,155 471 20,326 69,445 877,397
At 31 July 2023 805,390 1,036 27,963 109,121 943,510

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 104,323 115,565
Other debtors 49,304 37,834
153,627 153,399

YOUNG'S HOME BREW LIMITED (REGISTERED NUMBER: 05745662)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 216,826 269,551
Amounts owed to group undertakings 100,000 100,000
Taxation and social security 55,998 77,687
Other creditors 22,414 22,058
395,238 469,296

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year - 15,820

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
70,000 Ordinary 0.1 7,000 7,000
30,000 Class A 0.1 3,000 3,000
10,000 10,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Young's Home Brew Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Young's Home Brew Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Young's Home Brew Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Young's Home Brew Limited and state those matters that we have agreed to state to the Board of Directors of Young's Home Brew Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Young's Home Brew Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Young's Home Brew Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Young's Home Brew Limited. You consider that Young's Home Brew Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Young's Home Brew Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


10 April 2025