Company registration number SC335515 (Scotland)
NOAH BEERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
NOAH BEERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NOAH BEERS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,282
3,022
Tangible assets
4
864,667
1,014,101
866,949
1,017,123
Current assets
Stocks
283,935
245,424
Debtors
5
952,745
903,349
Cash at bank and in hand
685,780
554,188
1,922,460
1,702,961
Creditors: amounts falling due within one year
6
(771,224)
(683,069)
Net current assets
1,151,236
1,019,892
Total assets less current liabilities
2,018,185
2,037,015
Creditors: amounts falling due after more than one year
7
(163,658)
(298,751)
Provisions for liabilities
(110,498)
(151,797)
Net assets
1,744,029
1,586,467
Capital and reserves
Called up share capital
9
200
200
Share premium account
49,970
49,970
Revaluation reserve
50,000
50,000
Profit and loss reserves
1,643,859
1,486,297
Total equity
1,744,029
1,586,467
NOAH BEERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
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 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her 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.
The financial statements were approved and signed by the director and authorised for issue on 15 July 2025
Ms P M Wetzel
Director
Company Registration No. SC335515
NOAH BEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Noah Beers Limited is a private company limited by shares incorporated in Scotland. The registered office is West Brewery, Templeton Building, Binnie Place, Glasgow, United Kingdom, G40 1AW.
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
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.
The amortisation treatment of the 2010 goodwill is a departure from FRS 102 Section 1A which limits the period of goodwill amortisation to a maximum of ten years. The directors consider it appropriate to depart from the treatment in order to show a true and fair view, as they review the carrying value of goodwill each year for impairment based on their knowledge of the business sector in which the company operates.
1.4
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
2% on cost
Plant and equipment
10% and 20% on cost
Fixtures and fittings
20% on cost
Computers
20% on cost
Motor vehicles
20% on cost
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.
1.5
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.
NOAH BEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
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.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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.
NOAH BEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
53
56
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
14,805
Amortisation and impairment
At 1 January 2024
11,783
Amortisation charged for the year
740
At 31 December 2024
12,523
Carrying amount
At 31 December 2024
2,282
At 31 December 2023
3,022
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
12,676
1,982,782
463,171
90,883
175,266
2,724,778
Additions
1,498
1,498
At 31 December 2024
12,676
1,982,782
463,171
92,381
175,266
2,726,276
Depreciation and impairment
At 1 January 2024
2,535
1,156,929
428,591
71,373
51,249
1,710,677
Depreciation charged in the year
2,535
91,999
18,263
7,206
30,929
150,932
At 31 December 2024
5,070
1,248,928
446,854
78,579
82,178
1,861,609
Carrying amount
At 31 December 2024
7,606
733,854
16,317
13,802
93,088
864,667
At 31 December 2023
10,141
825,853
34,580
19,510
124,017
1,014,101
NOAH BEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
265,737
241,775
Amounts owed by group undertakings
598,319
599,696
Other debtors
10,519
25,392
Prepayments and accrued income
78,170
36,486
952,745
903,349
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
120,000
120,000
Obligations under finance leases
13,935
23,895
Trade creditors
112,307
118,757
Corporation tax
93,976
72,240
Other taxation and social security
164,200
153,500
Other creditors
43,021
40,702
Accruals and deferred income
223,785
153,975
771,224
683,069
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
120,000
240,000
Obligations under finance leases
43,658
58,751
163,658
298,751
8
Security
Royal Bank of Scotland PLC holds a floating charge over all assets of the company in respect of amounts advanced now or in the future to the company.
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
20,000
20,000
200
200
NOAH BEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
10
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
2,911,528
3,056,501
11
Related party transactions
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Amounts due from associated companies
598,969
599,696