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Registered Number: 07695092
England and Wales

 

 

 

THE FRIDAY BEER COMPANY LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

The Friday Beer Company Limited
Contents Page
For the year ended 31 December 2024
Directors Gerald Williams
Andrew Keir
Perry Jackson
Registered Number 07695092
Registered Office 79 Belmont Road
Malvern
Worcestershire
WR14 1PN
Accountants Nic Rawlings Limited
28a Avenue Road
Malvern
WR14 3BG
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The companies principal activity during the year was the brewing of bottled and keg beer.
Directors
The directors who served the company throughout the year were as follows:
Gerald Williams
Andrew Keir
Perry Jackson
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Perry Jackson
Director

Date approved: 30 September 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of The Friday Beer Company Limited for the year ended 31 December 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Friday Beer Company Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of The Friday Beer Company Limited, as a body, in accordance with the terms of our engagement letter dated 29 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of The Friday Beer Company Limited and state those matters that we have agreed to state to the Board of Directors of The Friday Beer Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Friday Beer Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Friday Beer Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Friday Beer Company Limited. You consider that The Friday Beer Company Limited 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 accounts of The Friday Beer Company Limited. 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 accounts
31 December 2024.



....................................................

Nic Rawlings Limited
28a Avenue Road
Malvern
WR14 3BG
30 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 17,581    34,879 
17,581    34,879 
Current assets      
Stocks 4 13,915    9,845 
Debtors 5 5,199    1,973 
Cash at bank and in hand 112    110 
19,226    11,928 
Creditors: amount falling due within one year 6 (261,638)   (252,422)
Net current assets (242,412)   (240,494)
 
Total assets less current liabilities (224,831)   (205,615)
Creditors: amount falling due after more than one year 7 (35,834)   (41,970)
Net assets (260,665)   (247,585)
 

Capital and reserves 		     
Called up share capital 8 5    5 
Share premium account 9 179,034    179,034 
Profit and loss account (439,704)   (426,624)
Shareholders' funds (260,665)   (247,585)
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:


-------------------------------
Perry Jackson
Director
4
General Information
The Friday Beer Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07695092, registration address 79 Belmont Road, Malvern, Worcestershire, WR14 1PN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The financial statements show a net deficit on assets. This has arisen from losses incurred during the early years of the company trading, whilst the company was developing its business. The losses were anticipated during these years and have largely been funded by the shareholders. The shareholders and other lenders have not indicated any intention to withdraw their support, also the company has continued to reduce its overheads. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15%
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 January 2024 137,513    137,513 
Additions -    - 
Disposals -    - 
At 31 December 2024 137,513    137,513 
Depreciation
At 01 January 2024 102,634    102,634 
Charge for year 17,298    17,298 
On disposals -    - 
At 31 December 2024 119,932    119,932 
Net book values
Closing balance as at 31 December 2024 17,581    17,581 
Opening balance as at 01 January 2024 34,879    34,879 


4.

Stocks

2024
£		   2023
£
Stocks 13,915    9,845 
13,915    9,845 

5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 5,199    1,973 
5,199    1,973 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 13,032    11,322 
Bank Loans & Overdrafts 24,107    16,208 
Taxation and Social Security 6,223    7,273 
Other Creditors 218,276    217,619 
261,638    252,422 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 35,834    41,970 
35,834    41,970 

8.

Share Capital

Authorised
3,741,166 Class A shares of £0.000001 each
535,610 Class B shares of £0.000002 each
Allotted, called up and fully paid
2024
£		   2023
£
3,741,166 Class A shares of £0.000001 each 4    4 
535,610 Class B shares of £0.000002 each 1    1 
5    5 

9.

Share premium account

2024
£		   2023
£
Equity Share Premium b/fwd 179,034    179,034 
179,034    179,034 

5