Biercraft Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08244509

Biercraft Limited

Filleted Unaudited Accounts

31 December 2024

Biercraft Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		112,845	136,307

Current assets

Stocks		212,768	135,715
Debtors	6	615,681	699,872
Cash at bank and in hand		123,062	32,115
		---------	---------
		951,511	867,702

Creditors: amounts falling due within one year	7	( 907,014)		( 762,432)
		---------		---------
Net current assets			44,497	105,270
			---------	---------
Total assets less current liabilities			157,342	241,577

Creditors: amounts falling due after more than one year	8	( 630,829)	( 732,066)
		---------	---------
Net liabilities		( 473,487)	( 490,489)
		---------	---------

Capital and reserves

Called up share capital	9	172	86
Share premium account		299,914	–
Capital redemption reserve		15	15
Profit and loss account		( 773,588)	( 490,590)
		---------	---------
Shareholders deficit		( 473,487)	( 490,489)
		---------	---------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

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 ;

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

Biercraft Limited

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

N J Trower

Director

Company registration number: 08244509

Biercraft Limited

Notes to the Accounts

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 53 Coopersale Road, Hackney, E9 6AU.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the director the company is a going concern, despite the reported trading loss for the year, as it has sufficient financial resources from which to meet its ongoing obligations and the accounts are therefore prepared on the going concern basis. The company continues to invest in its plan for growth and development and the director expects to report an improvement in results over the next couple of years.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Warehouse fixtures and equipment	-	Straight line over the lease term (10 years)
Motor vehicles	-	20% straight line
Office equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2023: 14 ).

5. Tangible assets

	Warehouse fixtures and equipment	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	91,638	52,378	34,706	178,722
Additions	405	–	–	405
	--------	--------	--------	---------
At 31 December 2024	92,043	52,378	34,706	179,127
	--------	--------	--------	---------
Depreciation
At 1 January 2024	13,382	4,956	24,077	42,415
Charge for the year	9,178	10,475	4,214	23,867
	--------	--------	--------	---------
At 31 December 2024	22,560	15,431	28,291	66,282
	--------	--------	--------	---------
Carrying amount
At 31 December 2024	69,483	36,947	6,415	112,845
	--------	--------	--------	---------
At 31 December 2023	78,256	47,422	10,629	136,307
	--------	--------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Warehouse fixtures and equipment	Motor vehicles	Total
	£	£	£
At 31 December 2024	13,562	36,947	50,509
	--------	--------	--------
At 31 December 2023	15,257	47,423	62,680
	--------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	515,997	587,433
Other debtors	99,684	112,439
	---------	---------
	615,681	699,872
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	819,738	669,076
Corporation tax	4,548	6,087
Social security and other taxes	10,407	18,516
Other creditors	62,321	58,753
	---------	---------
	907,014	762,432
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,167	14,167
Loan from third party	598,184	675,000
Other creditors	28,478	42,899
	---------	---------
	630,829	732,066
	---------	---------

The company is indebted to HSBC plc in respect of a CBILS bank loan with annual interest charged at 2.5% and repayable by instalments that commenced in July 2021. The company is also indebted to a third party lender in respect of an advance of £598,184 (2023: £675,000). There are no existing repayment terms although it is not expected that the debt will be required to be repaid within one year from the balance sheet date.

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary A shares of £ 1 each	–	–	1	1
Ordinary B shares of £ 1 each	–	–	85	85
Ordinary shares of £ 0.10 each	1,720	172	–	–
	-------	----	----	----
	1,720	172	86	86
	-------	----	----	----

On 12 March 2024 the 86 Ordinary £1 A and B shares in issue were re-classified and re-designated as 860 Ordinary £0.10 shares. At the same time a new issue of 860 Ordinary £0.10 shares was completed for a total value of £300,000 including a premium of £299,914.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	160,000	160,000
Later than 1 year and not later than 5 years	200,000	360,000
	---------	---------
	360,000	520,000
	---------	---------

11. Directors' advances, credits and guarantees

Throughout the year the company continued to provide the director with a short term advance with a balance recoverable at year-end of £31,512 (2023: £18,037). This advance is subject to annual interest charged at a market rate, is considered recoverable on demand and is presented within other debtors.

12. Related party transactions

The company was under the control of Mr N J Trower until the new issue of shares in March 2024 where control then moved to being jointly held by Mr N J Trower and BB10 Holdings Ltd. No related party transactions or balances were noted for disclosure under the requirements of FRS 102 Section 1A.