32 27 The Beer Warehouse (Maidenhead) Limited 04256351 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the wholesale supply of alcoholic and non-alcoholic drinks to the hospitality sector. Digita Accounts Production Advanced 6.30.9574.0 true 04256351 2024-01-01 2024-12-31 04256351 2024-12-31 04256351 core:CurrentFinancialInstruments 2024-12-31 04256351 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04256351 core:Non-currentFinancialInstruments 2024-12-31 04256351 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04256351 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04256351 core:FurnitureFittingsToolsEquipment 2024-12-31 04256351 core:LandBuildings 2024-12-31 04256351 core:MotorVehicles 2024-12-31 04256351 1 2024-12-31 04256351 bus:SmallEntities 2024-01-01 2024-12-31 04256351 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04256351 bus:FilletedAccounts 2024-01-01 2024-12-31 04256351 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04256351 bus:RegisteredOffice 2024-01-01 2024-12-31 04256351 bus:CompanySecretary1 2024-01-01 2024-12-31 04256351 bus:Director2 2024-01-01 2024-12-31 04256351 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04256351 bus:Agent1 2024-01-01 2024-12-31 04256351 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04256351 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 04256351 core:ComputerEquipment 2024-01-01 2024-12-31 04256351 core:FurnitureFittings 2024-01-01 2024-12-31 04256351 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 04256351 core:LandBuildings 2024-01-01 2024-12-31 04256351 core:MotorVehicles 2024-01-01 2024-12-31 04256351 core:PlantMachinery 2024-01-01 2024-12-31 04256351 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 04256351 countries:EnglandWales 2024-01-01 2024-12-31 04256351 1 2024-01-01 2024-12-31 04256351 2023-12-31 04256351 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04256351 core:FurnitureFittingsToolsEquipment 2023-12-31 04256351 core:LandBuildings 2023-12-31 04256351 core:MotorVehicles 2023-12-31 04256351 1 2023-12-31 04256351 2023-01-01 2023-12-31 04256351 2023-12-31 04256351 core:CurrentFinancialInstruments 2023-12-31 04256351 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04256351 core:Non-currentFinancialInstruments 2023-12-31 04256351 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04256351 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04256351 core:FurnitureFittingsToolsEquipment 2023-12-31 04256351 core:LandBuildings 2023-12-31 04256351 core:MotorVehicles 2023-12-31 04256351 1 2023-12-31 04256351 1 2023-01-01 2023-12-31 04256351 1 2022-12-31 xbrli:pure iso4217:GBP

Registration number: 04256351

The Beer Warehouse (Maidenhead) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

The Beer Warehouse (Maidenhead) Limited

Contents
for the Year Ended 31 December 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

The Beer Warehouse (Maidenhead) Limited

Company Information
for the Year Ended 31 December 2024

Director

C McNulty

Company secretary

Windsor Accountancy Limited

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

04256351 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified AccountantsSt. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

The Beer Warehouse (Maidenhead) Limited

(Registration number: 04256351)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

33,673

21,276

Tangible assets

5

427,249

366,565

 

460,922

387,841

Current assets

 

Stocks

6

699,133

553,096

Debtors

7

1,224,789

1,050,419

Cash at bank and in hand

 

322,677

392,416

 

2,246,599

1,995,931

Creditors: Amounts falling due within one year

8

(1,435,357)

(1,322,286)

Net current assets

 

811,242

673,645

Total assets less current liabilities

 

1,272,164

1,061,486

Creditors: Amounts falling due after more than one year

8

(100,133)

(89,656)

Provisions for liabilities

(53,165)

(84,486)

Net assets

 

1,118,866

887,344

Capital and reserves

 

Called up share capital

101

101

Retained earnings

1,118,765

887,243

Shareholders' funds

 

1,118,866

887,344

For the financial year ending 31 December 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 year 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

The Beer Warehouse (Maidenhead) Limited

(Registration number: 04256351)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 29 August 2025
 

.........................................
C McNulty
Director

 

The Beer Warehouse (Maidenhead) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 29 August 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

The Beer Warehouse (Maidenhead) Limited

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

Tax

The tax expense for the period comprises current and 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.

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.

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.

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

Plant and machinery

25% Reducing balance

Furniture and fittings

25% Reducing balance

Motor vehicles

25% Reducing balance

Computer equipment

33% Straight line

Intangible assets

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life. Amortisation expenses for the year and last year are included in administrative expenses.

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

Computer software

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.

 

The Beer Warehouse (Maidenhead) Limited

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

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. Amounts classified as receivable within one year are not amortised.

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. Amounts classified as payable within one year are not amortised.

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.

 

The Beer Warehouse (Maidenhead) Limited

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

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.

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 year was 32 (2023 - 27).

 

The Beer Warehouse (Maidenhead) Limited

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

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 January 2024

23,640

23,640

Additions acquired separately

15,675

15,675

At 31 December 2024

39,315

39,315

Amortisation

At 1 January 2024

2,364

2,364

Amortisation charge

3,278

3,278

At 31 December 2024

5,642

5,642

Carrying amount

At 31 December 2024

33,673

33,673

At 31 December 2023

21,276

21,276

 

The Beer Warehouse (Maidenhead) Limited

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

178,232

183,210

385,716

747,158

Additions

15,763

11,072

129,617

156,452

Disposals

-

(10,163)

(39,278)

(49,441)

At 31 December 2024

193,995

184,119

476,055

854,169

Depreciation

At 1 January 2024

-

149,498

231,095

380,593

Charge for the year

-

11,210

64,390

75,600

Eliminated on disposal

-

(10,163)

(19,110)

(29,273)

At 31 December 2024

-

150,545

276,375

426,920

Carrying amount

At 31 December 2024

193,995

33,574

199,680

427,249

At 31 December 2023

178,232

33,712

154,621

366,565

Included within the net book value of land and buildings above is £193,995 (2023 - £178,232) in respect of long leasehold land and buildings.

Included within the net book value above is a total of £163,447 (2023: £105,671) in respect of assets subject to finance leases and hire purchase contracts. The depreciation charge to the financial statements in the year in respect of such assets amount to £52,192 (2023: £22,315).

6

Stocks

2024
£

2023
£

Other inventories

699,133

553,096

 

The Beer Warehouse (Maidenhead) Limited

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

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

983,135

828,406

Amounts owed by related parties

9

164,065

164,243

Prepayments

 

19,030

18,388

Other debtors

 

58,559

39,382

   

1,224,789

1,050,419

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

71,550

86,397

Trade creditors

 

1,069,013

930,838

Taxation and social security

 

275,898

282,281

Accruals and deferred income

 

595

4,747

Other creditors

 

18,301

18,023

 

1,435,357

1,322,286

Current loans and borrowings

2024
£

2023
£

Bank borrowings

23,170

55,555

HP and finance lease liabilities

48,380

30,842

71,550

86,397

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

100,133

89,656

 

The Beer Warehouse (Maidenhead) Limited

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

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

23,170

HP and finance lease liabilities

100,133

66,486

100,133

89,656

9

Related party transactions

Transactions with the director

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Advances and credits

20,557

64,823

(97,964)

(12,583)

 

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Advances and credits

22,266

112,274

(113,982)

20,557

 

Other transactions with the director

The balance due to the director at the year end was free of interest and deemed repayable on demand.

Summary of transactions with entities with joint control or significant interest

At the year end date the company was owed £86,065 (2023: £86,243) from New Wharf Brewing Company Limited, a company under common control by the director.

At the year end date the company was owed £78,000 (2023: £78,000) from CMN Property Limited, a company under common control by the director.

10

Off-balance sheet arrangements

Secured Debts
Barclays Security Trustee Limited holds a fixed and floating charge over the property and undertaking of the company. The charge contains a negative pledge.