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REGISTERED NUMBER: 05072665 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Twickenham Fine Ales Limited

Twickenham Fine Ales Limited (Registered number: 05072665)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twickenham Fine Ales Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S J Brown
B J Norman





SECRETARY: G E Neat





REGISTERED OFFICE: Unit 6
18 Mereway Road
Twickenham
Middlesex
TW2 6RG





REGISTERED NUMBER: 05072665 (England and Wales)





ACCOUNTANTS: The Hughes Consultancy
1 Golden Court
Richmond
Surrey
TW9 1EU

Twickenham Fine Ales Limited (Registered number: 05072665)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 298,862 339,166

CURRENT ASSETS
Stocks 5 43,681 52,621
Debtors 6 150,449 186,278
Cash at bank and in hand 468,651 495,507
662,781 734,406
CREDITORS
Amounts falling due within one year 7 162,485 208,231
NET CURRENT ASSETS 500,296 526,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,158

865,341

PROVISIONS FOR LIABILITIES 50,521 57,588
NET ASSETS 748,637 807,753

CAPITAL AND RESERVES
Called up share capital 8 221,840 221,840
Share premium 9 54,766 54,766
Retained earnings 9 472,031 531,147
SHAREHOLDERS' FUNDS 748,637 807,753

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

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

Twickenham Fine Ales Limited (Registered number: 05072665)

Balance Sheet - continued
31 August 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 6 May 2025 and were signed on its behalf by:





S J Brown - Director


Twickenham Fine Ales Limited (Registered number: 05072665)

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

1. STATUTORY INFORMATION

Twickenham Fine Ales 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.

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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Twickenham Fine Ales Limited (Registered number: 05072665)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 585,102 15,413 46,235 646,750
Additions 10,326 - - 10,326
Disposals (16,581 ) (1,879 ) - (18,460 )
At 31 August 2024 578,847 13,534 46,235 638,616
DEPRECIATION
At 1 September 2023 272,663 11,629 23,292 307,584
Charge for year 35,218 759 6,648 42,625
Eliminated on disposal (9,401 ) (1,054 ) - (10,455 )
At 31 August 2024 298,480 11,334 29,940 339,754
NET BOOK VALUE
At 31 August 2024 280,367 2,200 16,295 298,862
At 31 August 2023 312,439 3,784 22,943 339,166

5. STOCKS
2024 2023
£    £   
Stocks 31,032 31,642
Work-in-progress 1,720 2,560
Finished Goods 10,929 18,419
43,681 52,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,571 118,663
Other debtors - TFA Pubs Ltd 14,722 14,722
Prepayments 11,156 12,790
Accrued Income - 40,103
150,449 186,278

Twickenham Fine Ales Limited (Registered number: 05072665)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,282 52,846
Tax 6,972 29,440
Social security and other taxes 11,076 12,373
VAT 88,374 82,845
Other creditors 20,365 25,096
Credit Card 3,666 1,831
Accrued expenses 2,750 3,800
162,485 208,231

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Share capital 1 1 196,055 196,055
100,000 Share capital 2 0.3 25,785 25,785
221,840 221,840

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 531,147 54,766 585,913
Profit for the year 134 134
Dividends (59,250 ) (59,250 )
At 31 August 2024 472,031 54,766 526,797