Brewing Collective Ltd 07636512 false 2023-05-31 2024-09-30 2024-09-30 The principal activity of the company is of a Brewery. Digita Accounts Production Advanced 6.30.9574.0 true false true 07636512 2023-05-31 2024-09-30 07636512 2024-09-30 07636512 bus:OrdinaryShareClass1 2024-09-30 07636512 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 07636512 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 07636512 core:CurrentFinancialInstruments 2024-09-30 07636512 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 07636512 core:Non-currentFinancialInstruments 2024-09-30 07636512 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 07636512 core:AdditionsToInvestments 2024-09-30 07636512 core:FurnitureFittingsToolsEquipment 2024-09-30 07636512 core:LandBuildings 2024-09-30 07636512 core:MotorVehicles 2024-09-30 07636512 core:OtherPropertyPlantEquipment 2024-09-30 07636512 bus:SmallEntities 2023-05-31 2024-09-30 07636512 bus:AuditExemptWithAccountantsReport 2023-05-31 2024-09-30 07636512 bus:FilletedAccounts 2023-05-31 2024-09-30 07636512 bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-09-30 07636512 bus:RegisteredOffice 2023-05-31 2024-09-30 07636512 bus:Director1 2023-05-31 2024-09-30 07636512 bus:OrdinaryShareClass1 2023-05-31 2024-09-30 07636512 bus:PrivateLimitedCompanyLtd 2023-05-31 2024-09-30 07636512 core:FurnitureFittings 2023-05-31 2024-09-30 07636512 core:FurnitureFittingsToolsEquipment 2023-05-31 2024-09-30 07636512 core:LandBuildings 2023-05-31 2024-09-30 07636512 core:LeaseholdImprovements 2023-05-31 2024-09-30 07636512 core:MotorVehicles 2023-05-31 2024-09-30 07636512 core:OtherPropertyPlantEquipment 2023-05-31 2024-09-30 07636512 core:PlantMachinery 2023-05-31 2024-09-30 07636512 core:Subsidiary1 2023-05-31 2024-09-30 07636512 core:Subsidiary1 1 2023-05-31 2024-09-30 07636512 core:Subsidiary1 countries:England 2023-05-31 2024-09-30 07636512 countries:England 2023-05-31 2024-09-30 07636512 2023-05-30 07636512 core:FurnitureFittingsToolsEquipment 2023-05-30 07636512 core:LandBuildings 2023-05-30 07636512 core:MotorVehicles 2023-05-30 07636512 core:OtherPropertyPlantEquipment 2023-05-30 07636512 2022-05-31 2023-05-30 07636512 2023-05-30 07636512 bus:OrdinaryShareClass1 2023-05-30 07636512 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-05-30 07636512 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-05-30 07636512 core:CurrentFinancialInstruments 2023-05-30 07636512 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-30 07636512 core:Non-currentFinancialInstruments 2023-05-30 07636512 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-30 07636512 core:FurnitureFittingsToolsEquipment 2023-05-30 07636512 core:LandBuildings 2023-05-30 07636512 core:MotorVehicles 2023-05-30 07636512 core:OtherPropertyPlantEquipment 2023-05-30 07636512 bus:OrdinaryShareClass1 2022-05-31 2023-05-30 07636512 core:Subsidiary1 1 2022-05-31 2023-05-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07636512

Brewing Collective Ltd

Unaudited Filleted Financial Statements

for the Period from 31 May 2023 to 30 September 2024

 

Brewing Collective Ltd

(Registration number: 07636512)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

541,534

352,397

Investments

5

577,713

-

 

1,119,247

352,397

Current assets

 

Stocks

6

83,055

42,559

Debtors

7

149,279

237,170

Cash at bank and in hand

 

2,885

7,073

 

235,219

286,802

Creditors: Amounts falling due within one year

8

(1,218,238)

(540,174)

Net current liabilities

 

(983,019)

(253,372)

Total assets less current liabilities

 

136,228

99,025

Creditors: Amounts falling due after more than one year

8

(237,373)

(157,834)

Net liabilities

 

(101,145)

(58,809)

Capital and reserves

 

Called up share capital

9

131

100

Share premium reserve

109,253

-

Retained earnings

(210,529)

(58,909)

Shareholders' deficit

 

(101,145)

(58,809)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 director on 30 June 2025
 

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

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

1

General information

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

The company was formerly known as The Mobberley Brewhouse Limited.

The address of its registered office is:
Meadowside Barn
Hulme Lane
Lower Peover
Knutsford
WA16 9QH

These financial statements were authorised for issue by the director on 30 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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 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.

The depreciation rate for plant & machinery has been reduced to 10% Reducing balance from 25% in line with the expected useful life of the assets.

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

Plant & Machinery

10% Reducing Balance

Improvemnet to Leasehold Property

10% Straight Line

Fixtures & fitiings

25% Reducing Balance

Motor Vehicles

33% Reducing Balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

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

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.

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

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 the director) during the period, was 13 (2023 - 13).

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

4

Tangible assets

Improvements to leasehold property
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 May 2023

99,478

26,346

35,685

470,268

631,777

Additions

11,910

159

11,500

230,309

253,878

Disposals

-

-

(8,500)

-

(8,500)

At 30 September 2024

111,388

26,505

38,685

700,577

877,155

Depreciation

At 31 May 2023

9,947

22,550

19,513

227,370

279,380

Charge for the period

15,052

1,618

5,931

39,450

62,051

Eliminated on disposal

-

-

(5,810)

-

(5,810)

At 30 September 2024

24,999

24,168

19,634

266,820

335,621

Carrying amount

At 30 September 2024

86,389

2,337

19,051

433,757

541,534

At 30 May 2023

89,531

3,796

16,172

242,898

352,397

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

577,713

-

Subsidiaries

£

Cost or valuation

Additions

577,713

Provision

Carrying amount

At 30 September 2024

577,713

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Shindigger Craft Beer LImited

92 Temperance Street, Manchester

England

Ordinary shares

100%

0%

Subsidiary undertakings

Shindigger Craft Beer LImited

The principal activity of Shindigger Craft Beer LImited is of a Brewery.

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

83,055

42,559

7

Debtors

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

Current

2024
£

2023
£

Trade debtors

149,279

187,189

Prepayments

-

1,315

Other debtors

-

48,666

 

149,279

237,170

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

162,215

153,356

Trade creditors

 

119,636

52,792

Taxation and social security

 

66,188

67,401

Accruals and deferred income

 

3,000

3,000

Other creditors

 

867,199

263,625

 

1,218,238

540,174

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

237,373

157,834

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 (2023 - £1) each

13,072

131

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

41,493

82,377

Hire purchase contracts

145,718

24,313

Other borrowings

50,162

51,144

237,373

157,834

Current loans and borrowings

 

Brewing Collective Ltd

Notes to the Unaudited Financial Statements for the Period from 31 May 2023 to 30 September 2024

2024
£

2023
£

Bank borrowings

17,132

30,031

Hire purchase contracts

76,053

8,919

Other borrowings

69,030

114,406

162,215

153,356