Company registration number 03478588 (England and Wales)
SALOPIAN BREWING COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
SALOPIAN BREWING COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SALOPIAN BREWING COMPANY LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
264,926
333,054
Current assets
Stocks
171,500
161,989
Debtors
4
1,636,667
1,696,780
Cash at bank and in hand
441,835
353,140
2,250,002
2,211,909
Creditors: amounts falling due within one year
5
(625,139)
(649,555)
Net current assets
1,624,863
1,562,354
Total assets less current liabilities
1,889,789
1,895,408
Creditors: amounts falling due after more than one year
6
(210,443)
(293,471)
Provisions for liabilities
(63,536)
(80,209)
Net assets
1,615,810
1,521,728
Capital and reserves
Called up share capital
22,224
22,224
Share premium account
5,805
5,805
Profit and loss reserves
1,587,781
1,493,699
Total equity
1,615,810
1,521,728

The directors of the company have 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 directors acknowledge their 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.

SALOPIAN BREWING COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 June 2025 and are signed on its behalf by:
Mark Hill
Director
Company Registration No. 03478588
SALOPIAN BREWING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Salopian Brewing Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Old Station Yard, Station Road, Hadnall, SY4 3DD.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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 land and buildings
No depreciation
Plant and equipment
10% straight line
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

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

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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.

SALOPIAN BREWING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

 

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings/Profit and Loss Account.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
16
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2024
4,232
1,587,409
1,591,641
Additions
-
0
31,895
31,895
At 31 January 2025
4,232
1,619,304
1,623,536
Depreciation and impairment
At 1 February 2024
-
0
1,258,586
1,258,586
Depreciation charged in the year
-
0
100,024
100,024
At 31 January 2025
-
0
1,358,610
1,358,610
Carrying amount
At 31 January 2025
4,232
260,694
264,926
At 31 January 2024
4,232
328,822
333,054
SALOPIAN BREWING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
3
Tangible fixed assets
(Continued)
- 5 -
Last year c/fwd cost
4,232
1,587,408
Differs from this year b/fwd by
-
1
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
220,693
210,472
Other debtors
1,415,974
1,486,308
1,636,667
1,696,780
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
83,333
83,333
Trade creditors
116,732
88,050
Corporation tax
48,768
70,820
Other taxation and social security
163,345
171,451
Other creditors
212,961
235,901
625,139
649,555
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
173,611
256,945
Other creditors
36,832
36,526
210,443
293,471
7
Secured liabilities

There is a first fixed and floating charge in favour of Arbuthnot Commercial Asset Based Lending Limited in respect of long term loans provided.

 

There is a second fixed and floating charge in favour of W Nelson and V Anderson.

8
Related party transactions
Transactions with related parties

At the year end Salopian Brewing Company Limited owed £124,397 (2024 - £148,498) to Station Yard Holdings (Hadnall) Limited.

 

Salopian Brewing Company Holdings Limited are the parent company for both Salopian Brewing Company Limited and Station Yard Holdings (Hadnall) Limited.

SALOPIAN BREWING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
9
Parent company

Details of the company's associates at 31 January 2025 are as follows:

The ultimate parent company is Salopian Brewing Company Holdings Limited, a company registered in England and Wales.

 

On 24th March 2022, the entire equity share capital of Salopian Brewing Company Limited was acquired by Salopian Brewing Company Holdings Limited.

 

At the balance sheet date an amount of £1,366,310 (2024 - £1,438,531) was owed by Salopian Brewing Company Holdings Limited.

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