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Registration number: 08337335

Shindigger Craft Beer Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 September 2024

 

Shindigger Craft Beer Ltd

(Registration number: 08337335)
Balance Sheet as at 28 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

166,687

204,717

Current assets

 

Stocks

6

142,036

135,491

Debtors

7

209,022

207,912

Cash at bank and in hand

 

5,995

8,230

 

357,053

351,633

Creditors: Amounts falling due within one year

8

(324,003)

(314,037)

Net current assets

 

33,050

37,596

Total assets less current liabilities

 

199,737

242,313

Creditors: Amounts falling due after more than one year

8

(99,532)

(97,333)

Provisions for liabilities

(25,800)

-

Net assets

 

74,405

144,980

Capital and reserves

 

Called up share capital

9

15

15

Share premium reserve

227,496

227,496

Retained earnings

(153,106)

(82,531)

Shareholders' funds

 

74,405

144,980

For the financial year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr James Philip Roberts
Director

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
92 Temperance Street
Manchester
Greater Manchester
M12 6HU

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold

25% Straight Line

Plant & Machinery

10% / 25% / 33% Straight Line

Motor Vehicles

25% Straight Line

Fixtures & Fittings

10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

4

Intangible assets

Website
 £

Total
£

Cost or valuation

At 29 September 2023

15,600

15,600

Disposals

(15,600)

(15,600)

At 28 September 2024

-

-

Amortisation

At 29 September 2023

15,600

15,600

Amortisation eliminated on disposals

(15,600)

(15,600)

At 28 September 2024

-

-

Carrying amount

At 28 September 2024

-

-

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

5

Tangible assets

Leasehold Improvements
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Fixtures & Fittings
£

Total
£

Cost or valuation

At 29 September 2023

17,417

255,430

8,239

95,797

376,883

Additions

-

1,125

-

-

1,125

Disposals

(4,634)

(20,611)

-

-

(25,245)

At 28 September 2024

12,783

235,944

8,239

95,797

352,763

Depreciation

At 29 September 2023

7,214

129,180

7,662

28,110

172,166

Charge for the year

3,150

27,046

566

8,505

39,267

Eliminated on disposal

(4,626)

(20,731)

-

-

(25,357)

At 28 September 2024

5,738

135,495

8,228

36,615

186,076

Carrying amount

At 28 September 2024

7,045

100,449

11

59,182

166,687

At 28 September 2023

10,203

67,687

577

126,250

204,717

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

6

Stocks

2024
£

2023
£

Other inventories

142,036

135,491

7

Debtors

Current

2024
£

2023
£

Trade debtors

183,667

177,667

Prepayments

3,448

10,390

Other debtors

21,907

19,855

 

209,022

207,912

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

153,145

170,027

Trade creditors

 

89,933

74,897

Taxation and social security

 

68,310

61,077

Accruals and deferred income

 

5,823

2,300

Other creditors

 

6,792

5,736

 

324,003

314,037

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

99,532

97,333

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

1,265

13

1,265

13

A Ordinary of £1 each

2

2

2

2

1,267

15

1,267

15

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

62,667

97,333

Hire purchase contracts

36,865

-

99,532

97,333

Current loans and borrowings

 

Shindigger Craft Beer Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 September 2024

2024
£

2023
£

Bank borrowings

34,667

34,667

Hire purchase contracts

4,572

46,010

Other borrowings

113,906

89,350

153,145

170,027