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Registration number: 02980202

Dorset Brewing Company Limited

Annual Report and Unaudited Financial Statements

Year Ended 31 October 2024

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Chartered Accountants

 

Dorset Brewing Company Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Dorset Brewing Company Limited

Company Information

Directors

Mr Giles Smeath

Mr Michael Thornton

Mrs Susan Valerie Thornton

Company secretary

Mr Giles Smeath

Registered office

Unit 7 Hybris Business Park
Warmwell Road
Crossways
Dorchester
Dorset
DT2 8BF

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dorset Brewing Company Limitedfor the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dorset Brewing Company Limited for the year ended 31 October 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Dorset Brewing Company Limited, as a body, in accordance with the terms of our engagement letter dated 10 January 2013. Our work has been undertaken solely to prepare for your approval the accounts of Dorset Brewing Company Limited and state those matters that we have agreed to state to the Board of Directors of Dorset Brewing Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dorset Brewing Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dorset Brewing Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dorset Brewing Company Limited. You consider that Dorset Brewing Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Dorset Brewing Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

22 July 2025

 

Dorset Brewing Company Limited

(Registration number: 02980202)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Intangible assets

4

 

1,170

 

1,170

Tangible assets

5

 

300,175

 

308,383

   

301,345

 

309,553

Current assets

   

 

Stocks

6

35,000

 

34,725

 

Debtors

7

55,902

 

39,449

 

Cash at bank and in hand

 

76,672

 

75,134

 

 

167,574

 

149,308

 

Creditors: Amounts falling due within one year

8

(215,783)

 

(233,833)

 

Net current liabilities

   

(48,209)

 

(84,525)

Net assets

   

253,136

 

225,028

Capital and reserves

   

 

Called up share capital

9

110

 

110

 

Share premium reserve

28,991

 

28,991

 

Revaluation reserve

196,833

 

196,833

 

Profit and loss account

27,202

 

(906)

 

Shareholders' funds

   

253,136

 

225,028

For the financial year ending 31 October 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 22 July 2025 and signed on its behalf by:
 



Mr Giles Smeath
Company secretary and director

 

Dorset Brewing Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Unit 7 Hybris Business Park
Warmwell Road
Crossways
Dorchester
Dorset
DT2 8BF

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 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 current corporation 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The Plant and machinery cost was restated as at 31 october 2019 to reflect the valuation of the assets as at that date.

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

 

Dorset Brewing Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

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

2% reducing balance

Fixtures & fittings

20% reducing balance

Motor Vehicles

20% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

Nil

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. 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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Dorset Brewing Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 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 directors) during the year, was 8 (2023 - 8).

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 November 2023

1,170

1,170

At 31 October 2024

1,170

1,170

Amortisation

Carrying amount

At 31 October 2024

1,170

1,170

At 31 October 2023

1,170

1,170

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 November 2023

27,091

8,750

571,373

607,214

At 31 October 2024

27,091

8,750

571,373

607,214

Depreciation

At 1 November 2023

24,141

2,188

272,502

298,831

Charge for the year

590

1,641

5,977

8,208

At 31 October 2024

24,731

3,829

278,479

307,039

Carrying amount

At 31 October 2024

2,360

4,921

292,894

300,175

At 31 October 2023

2,950

6,562

298,871

308,383

6

Stocks

2024
£

2023
£

Other inventories

35,000

34,725

 

Dorset Brewing Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

49,630

34,809

Prepayments

4,010

4,640

Other debtors

2,262

-

 

55,902

39,449

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

22,240

28,711

Taxation and social security

22,750

23,527

Accruals and deferred income

31,484

38,795

Other creditors

139,309

142,800

215,783

233,833

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

10

10

10

10

110

110

110

110