Company Registration No. 08254982 (England and Wales)
Settle Brewing Company Limited
Unaudited accounts
for the year ended 31 October 2024
Settle Brewing Company Limited
Unaudited accounts
Contents
Settle Brewing Company Limited
Company Information
for the year ended 31 October 2024
Director
Ian Daniel Simkins
Company Number
08254982 (England and Wales)
Registered Office
UNIT 2B
THE SIDINGS INDUSTRIAL ESTATE
SETTLE
NORTH YORKSHIRE
BD24 9RP
Accountants
Unisolutions Ltd
6-4-3 Alston House
White Cross Industrial Estate
Lancaster
Lancashire
LA1 4XF
Settle Brewing Company Limited
Statement of financial position
as at 31 October 2024
Tangible assets
19,339
26,790
Cash at bank and in hand
26
246
Creditors: amounts falling due within one year
(96,841)
(61,029)
Net current liabilities
(55,653)
(27,714)
Total assets less current liabilities
(36,314)
(924)
Creditors: amounts falling due after more than one year
(83,354)
(86,086)
Net liabilities
(119,668)
(87,010)
Called up share capital
1,885
1,885
Share premium
62,115
62,115
Profit and loss account
(183,668)
(151,010)
Shareholders' funds
(119,668)
(87,010)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 11 March 2025 and were signed on its behalf by
Ian Daniel Simkins
Director
Company Registration No. 08254982
Settle Brewing Company Limited
Notes to the Accounts
for the year ended 31 October 2024
Settle Brewing Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08254982. The registered office is UNIT 2B, THE SIDINGS INDUSTRIAL ESTATE, SETTLE, NORTH YORKSHIRE, BD24 9RP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
9,136
30,950
100
551
40,737
At 31 October 2024
9,136
30,950
100
551
40,737
At 1 November 2023
7,263
6,190
100
394
13,947
Charge for the year
1,105
6,190
-
156
7,451
At 31 October 2024
8,368
12,380
100
550
21,398
At 31 October 2024
768
18,570
-
1
19,339
At 31 October 2023
1,873
24,760
-
157
26,790
Settle Brewing Company Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
34,037
26,133
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,328
11,346
Obligations under finance leases and hire purchase contracts
5,497
5,497
Trade creditors
14,478
10,949
Taxes and social security
16,704
24,539
Other creditors
47,834
8,698
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,368
17,865
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).