REGISTERED NUMBER: 05016707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

DERBY BREWING COMPANY LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Tangible assets

4

136,121

138,921

CURRENT ASSETS

Stocks

46,047

46,047

Debtors

5

39,644

58,527

Cash at bank and in hand

3,781

2,744

89,472

107,318

CREDITORS

Amounts falling due within one year

6

(183,851

)

(175,231

)

NET CURRENT LIABILITIES

(94,379

)

(67,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,742

71,008

CREDITORS

Amounts falling due after more than one year

7

(233,468

)

(197,692

)

NET LIABILITIES

(191,726

)

(126,684

)

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

(192,926

)

(127,884

)

(191,726

)

(126,684

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

L Harris - Director

1.	STATUTORY INFORMATION

DERBY BREWING COMPANY LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05016707

Registered office:

12 Masons Business Park

Nottingham Road

Derby

Derbyshire

DE21 6AQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

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.

(a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See debtors note for the net carrying amount of the debtors.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% reducing balance

Motor vehicles

-

25% reducing balance

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 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 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.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with 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 purpose 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 group of assets.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 29 September 2023

257,956

53,870

360

312,186

Additions

1,048

-

-

1,048

At 28 September 2024

259,004

53,870

360

313,234

DEPRECIATION

At 29 September 2023

128,615

44,578

72

173,265

Charge for year

1,467

2,323

58

3,848

At 28 September 2024

130,082

46,901

130

177,113

NET BOOK VALUE

At 28 September 2024

128,922

6,969

230

136,121

At 28 September 2023

129,341

9,292

288

138,921

The directors consider the plant & machinery to be stated at fair value as at 30 September 2024.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £157,956 (2023: £156,156), Aggregate depreciation £128,614 (2023: £127,070) and carrying value £29,342 (2023: £29,086).

5.

DEBTORS

28.9.24

28.9.23

£

£

Amounts falling due within one year:

Trade debtors

34,844

62,822

Provision for doubtful debts

(1,685

)

(10,861

)

Directors' loan accounts

6,112

6,111

Prepayments

207

455

39,478

58,527

Amounts falling due after more than one year:

Amounts owed by group undertakings

166

-

Aggregate amounts

39,644

58,527

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.9.24

28.9.23

£

£

Bank loans and overdrafts

33,742

29,226

Hire purchase contracts

-

3,645

Trade creditors

61,234

78,803

Social security and other taxes

16,649

-

VAT

9,103

5,727

Other creditors

6,935

4,157

Accruals and deferred income

56,188

53,673

183,851

175,231

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.9.24

28.9.23

£

£

Bank loans - 1-2 years

17,981

29,391

Hire purchase contracts

-

1,215

Amounts owed to group undertakings

215,487

167,086

233,468

197,692

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 September 2024 and the period ended 28 September 2023:

28.9.24

28.9.23

£

£

T A Harris

Balance outstanding at start of year

6,112

-

Amounts advanced

-

8,562

Amounts repaid

-

(2,450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,112

6,112

9.	RELATED PARTY DISCLOSURES

Details of the transactions between fellow group companies have not been disclosed in line with paragraph 33.1A of FRS102.

There were no transactions between the company and the directors.

10.	POST BALANCE SHEET EVENTS

There were no material events up to the date of the approval of the financial statements by the Board.

11.	ULTIMATE CONTROLLING PARTY

The parent company is Derby Brewing Group Limited, a company registered in England and Wales.