REGISTERED NUMBER: 10797599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

GERMAN KRAFT BREWING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr F G Bollen

Mr A Borkmann

REGISTERED OFFICE:

Rubis House

Friarn Street

Bridgwater

Somerset

TA6 3LH

REGISTERED NUMBER:

10797599 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

374,566

419,554

Tangible assets

5

1,325,649

1,789,695

1,700,215

2,209,249

CURRENT ASSETS

Stocks

76,359

29,119

Debtors

6

1,440,800

1,165,001

Cash at bank

1,134

96,595

1,518,293

1,290,715

CREDITORS

Amounts falling due within one year

7

(1,114,842

)

(1,090,124

)

NET CURRENT ASSETS

403,451

200,591

TOTAL ASSETS LESS CURRENT LIABILITIES

2,103,666

2,409,840

CREDITORS

Amounts falling due after more than one year

8

(1,244,743

)

(1,495,398

)

NET ASSETS

858,923

914,442

CAPITAL AND RESERVES

Called up share capital

265

265

Share premium

682,867

682,867

Retained earnings

175,791

231,310

858,923

914,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 and authorised for issue by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

Mr F G Bollen - Director

1.	STATUTORY INFORMATION

German Kraft Brewing Limited 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.

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.

Turnover

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

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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 117 (2023 - 116 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

839,994

AMORTISATION

At 1st January 2024

420,440

Charge for year

44,988

At 31st December 2024

465,428

NET BOOK VALUE

At 31st December 2024

374,566

At 31st December 2023

419,554

The company has capitalised its property licences and the effective rental cost is shown as amortisation and is spread over the life of the contract.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

1,947,152

982,554

91,433

89,686

3,110,825

Additions

6,530

5,637

-

225

12,392

Disposals

(312,908

)

(77,692

)

-

(11,376

)

(401,976

)

At 31st December 2024

1,640,774

910,499

91,433

78,535

2,721,241

DEPRECIATION

At 1st January 2024

848,291

398,585

36,499

37,755

1,321,130

Charge for year

118,978

76,716

3,238

15,913

214,845

Eliminated on disposal

(110,630

)

(24,291

)

-

(5,462

)

(140,383

)

At 31st December 2024

856,639

451,010

39,737

48,206

1,395,592

NET BOOK VALUE

At 31st December 2024

784,135

459,489

51,696

30,329

1,325,649

At 31st December 2023

1,098,861

583,969

54,934

51,931

1,789,695

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

352,856

140,016

Inter-company debtor

688,500

491,043

Other debtors

228,223

316,278

Corporation Tax

69,000

120,000

Directors' loan accounts

2,137

2,137

Prepayments

50,084

95,527

1,390,800

1,165,001

Amounts falling due after more than one year:

Deferred tax asset

Other timing differences

50,000

-

50,000

-

Aggregate amounts

1,440,800

1,165,001

The deferred tax asset will not be recognised in less than one year and it has been restricted.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

951

-

Other loans

261,738

85,586

Trade creditors

647,543

502,500

Wages and salaries control

11,613

-

Other creditor

57,418

58,379

Social security and other taxes

-

40,782

Nest pension

5,996

5,996

VAT

17,613

300,916

Directors' loan accounts

26,600

26,600

Accruals and deferred income

85,370

69,365

1,114,842

1,090,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 2-5 years

1,244,743

1,495,398

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Asset purchase loan

192,208

246,436

The company undertook an asset purchase arrangement during the year ended 31 August 2019 - the brewing equipment being held as security. This equipment has a net book value of £526,772 as at 31st December 2024.

The company undertook further asset purchase arrangements during the year ended 31 December 2021.This equipment has a net book value of £209,382 as at 31st December 2024.