REGISTERED NUMBER: 08845807 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ELECTRIC BEAR BREWING COMPANY LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D A Horner

M C Horner

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

08845807 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Electric Bear Brewing Company Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Electric Bear Brewing Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Electric Bear Brewing Company Ltd. You consider that Electric Bear Brewing Company Ltd 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 financial statements of Electric Bear Brewing Company Ltd. 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 financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

24 September 2025

FIXED ASSETS

Tangible assets

4

283,447

317,781

CURRENT ASSETS

Stocks

57,109

45,371

Debtors

5

95,648

77,568

Cash at bank and in hand

38,136

40,806

190,893

163,745

CREDITORS

Amounts falling due within one year

6

177,226

154,944

NET CURRENT ASSETS

13,667

8,801

TOTAL ASSETS LESS CURRENT LIABILITIES

297,114

326,582

CREDITORS

Amounts falling due after more than one year

7

1,176,686

1,005,181

NET LIABILITIES

(879,572

)

(678,599

)

CAPITAL AND RESERVES

Called up share capital

10

425,105

425,105

Retained earnings

(1,304,677

)

(1,103,704

)

SHAREHOLDERS' FUNDS

(879,572

)

(678,599

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

D A Horner - Director

1.	STATUTORY INFORMATION

Electric Bear Brewing Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The balance sheet for the current and prior year shows that the company had net liabilities. The financial statements have been prepared on the going concern basis on the understanding that the director will continue to financially support the company.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax and is recognised when goods are sold.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Office Equipment

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Plant & machinery

-

Straight line over 12 years and Straight line over 40 years

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

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Office

and

property

Equipment

fittings

£

£

£

COST

At 1 January 2024

167,251

5,640

10,234

Additions

30,144

506

1,325

At 31 December 2024

197,395

6,146

11,559

DEPRECIATION

At 1 January 2024

134,316

4,216

5,080

Charge for year

19,740

1,366

2,890

At 31 December 2024

154,056

5,582

7,970

NET BOOK VALUE

At 31 December 2024

43,339

564

3,589

At 31 December 2023

32,935

1,424

5,154

Motor

Plant &

vehicles

machinery

Totals

£

£

£

COST

At 1 January 2024

16,411

639,243

838,779

Additions

16,995

5,604

54,574

At 31 December 2024

33,406

644,847

893,353

DEPRECIATION

At 1 January 2024

13,676

363,710

520,998

Charge for year

3,207

61,705

88,908

At 31 December 2024

16,883

425,415

609,906

NET BOOK VALUE

At 31 December 2024

16,523

219,432

283,447

At 31 December 2023

2,735

275,533

317,781

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

16,411

Additions

16,995

At 31 December 2024

33,406

DEPRECIATION

At 1 January 2024

13,676

Charge for year

3,207

At 31 December 2024

16,883

NET BOOK VALUE

At 31 December 2024

16,523

At 31 December 2023

2,735

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

63,560

48,421

Other debtors

32,088

29,147

95,648

77,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

11,641

13,766

Hire purchase contracts and finance leases (see note 8)

39,804

26,786

Trade creditors

64,105

47,894

Taxation and social security

48,445

44,943

Other creditors

13,231

21,555

177,226

154,944

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

11,818

23,073

Hire purchase contracts and finance leases (see note 8)

26,298

70,287

Other creditors

1,138,570

911,821

1,176,686

1,005,181

8.	LEASING AGREEMENTS

At the year end the company had outstanding hire purchase contracts totalling £53,965 (2023: £64,110) which are secured against the company's assets.

At the year end the company had outstanding finance lease agreements totalling £12,135 (2023: £33,301).

At the year end the company was committed to making operating lease payments totalling £60,500 (2023: £96,,500).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bounce Back Loan

11,818

34,259

The bank loan relates to a government supported bounce back loan.

The hire purchase liability is secured on the assets to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

42,510,527

Ordinary

£0.01

425,105

425,105