Company registration number 11133165 (England and Wales)
BREWSKI MANCHESTER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
BREWSKI MANCHESTER LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BREWSKI MANCHESTER LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
385,837
43,693
Current assets
Stocks
7,500
7,500
Debtors
5
336,475
241,615
Cash at bank and in hand
54,651
55,521
398,626
304,636
Creditors: amounts falling due within one year
6
(460,053)
(273,094)
Net current (liabilities)/assets
(61,427)
31,542
Total assets less current liabilities
324,410
75,235
Creditors: amounts falling due after more than one year
7
(292,111)
(17,500)
Net assets
32,299
57,735
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
32,199
57,635
Total equity
32,299
57,735
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BREWSKI MANCHESTER LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 June 2025
J Daly
Director
Company Registration No. 11133165
BREWSKI MANCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information
Brewski Manchester Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39 Booth Street, Manchester, M2 4AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The 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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
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.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
Over the lease term
Fixtures and fittings
Over 5 years
Business set up costs
Over the lease term
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
BREWSKI MANCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
BREWSKI MANCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Leases
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 leases asset are consumed.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
25
18
BREWSKI MANCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Business set up costs
Total
£
£
£
£
Cost
At 1 February 2024
35,550
13,057
49,500
98,107
Additions
343,166
45,741
388,907
Disposals
(35,550)
(6,784)
(42,334)
At 31 January 2025
343,166
52,014
49,500
444,680
Depreciation and impairment
At 1 February 2024
19,545
5,169
29,700
54,414
Depreciation charged in the year
17,839
6,845
4,950
29,634
Eliminated in respect of disposals
(22,211)
(2,994)
(25,205)
At 31 January 2025
15,173
9,020
34,650
58,843
Carrying amount
At 31 January 2025
327,993
42,994
14,850
385,837
At 31 January 2024
16,005
7,888
19,800
43,693
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
336,475
241,615
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
33,153
10,000
Trade creditors
90,593
44,747
Corporation tax
465
34,022
Other taxation and social security
113,454
73,250
Other creditors
222,388
111,075
460,053
273,094
BREWSKI MANCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
194,079
17,500
Other creditors
98,032
292,111
17,500
Included in other creditors are hire purchase loans of £153,294 of which £55,263 is due in less than a year and £98,031 due in more than a year. Liabilities are secured over the assets to which they relate.
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
1,068,750
369,000
9
Related party transactions
At the balance sheet date, a loan of £88,854 (2024 - £88,854) was owed to Michael Stockton who is a shareholder in the business. This loan bears a nil interest rate and is repayable on demand.
At the balance sheet date, a loan of £153,732 (2024 - £118,569) was owed by SJ Leisure (NW) Ltd, a company under common ownership. The loan bears a nil interest rate and is repayable on demand.
At the balance sheet date, a loan of £81,403 (2024 - £98,081) was owed by Brewski Chester Ltd, a company under common ownership. The loan bears a nil interest rate and is repayable on demand.
At the balance sheet date, a loan of £46,964 (2024 - £nil) was owed by Foldies MCR Ltd, a company under common ownership. The loan bears a nil interest rate and is repayable on demand.
At the balance sheet date, a loan of £1,390 (2024 - £nil) was owed to Brewski South Yorkshire Ltd, a company under common ownership. The loan bears a nil interest rate and is repayable on demand.