Big Hug Brewing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08878030

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		13,459		15,355

			13,460		15,356
CURRENT ASSETS
Stocks		24,737		18,046
Debtors		28,453		25,193
Cash at bank and in hand		93		93

		53,283		43,332
Creditors: Amounts Falling Due Within One Year		(123,041 )		(103,479 )

NET CURRENT ASSETS (LIABILITIES)			(69,758 )		(60,147 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(56,298 )		(44,791 )

Creditors: Amounts Falling Due After More Than One Year			(25,706 )		(25,358 )

NET LIABILITIES			(82,004 )		(70,149 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(82,104 )		(70,249 )

SHAREHOLDERS' FUNDS			(82,004)		(70,149)

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Big Hug Brewing Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Williams

Director

24/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Big Hug Brewing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08878030 . The registered office is Unit 6 Mitre Bridge Industrial Park, Mitre Way, London, W10 6AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are product branding and development costs. These are amortised to the profit and loss account over their estimated economic life of 3 or 5 years, depending on the nature of the cost.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Big Hug Brewing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 January 2024	43,204

As at 31 December 2024	43,204

Amortisation
As at 1 January 2024	43,203

As at 31 December 2024	43,203

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2024	23,804
Additions	1,469

As at 31 December 2024	25,273

Depreciation
As at 1 January 2024	8,449
Provided during the period	3,365

As at 31 December 2024	11,814

Net Book Value
As at 31 December 2024	13,459

As at 1 January 2024	15,355

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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