REGISTERED NUMBER: 04795699 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Saltaire Brewery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N J Helliwell

Mr S Sharma

Mr P J Taylor

REGISTERED OFFICE:

Unit 7, County Works

Dockfield Road

Shipley

West Yorkshire

BD17 7AR

REGISTERED NUMBER:

04795699 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

3,069

-

Tangible assets

5

1,292,981

1,546,303

1,296,050

1,546,303

CURRENT ASSETS

Stocks

6

465,470

416,214

Debtors

7

557,698

528,001

Cash at bank and in hand

56,694

37,640

1,079,862

981,855

CREDITORS

Amounts falling due within one year

8

1,824,184

1,565,623

NET CURRENT LIABILITIES

(744,322

)

(583,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

551,728

962,535

CREDITORS

Amounts falling due after more than one year

9

2,035,113

2,464,673

NET LIABILITIES

(1,483,385

)

(1,502,138

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

11

22,635

22,635

Retained earnings

(1,516,020

)

(1,534,773

)

SHAREHOLDERS' FUNDS

(1,483,385

)

(1,502,138

)

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 December 2025 and were signed on its behalf by:

Mr S Sharma - Director

1.	STATUTORY INFORMATION

Saltaire Brewery 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Website costs are being amortised evenly over their useful life of four years.

Tangible fixed assets

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

Improvements to property

-

Straight line over 40 years, Straight line over 30 years, Straight line over 24 years, Straight line over 10 years and Straight line over 12 years

Plant and machinery

-

Straight line over 12 years

Fixtures and fittings

-

Straight line over 10 years

Motor vehicles

-

25% on cost

Computer equipment

-

Straight line over 4 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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.

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 38 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Website

costs

£

COST OR VALUATION

At 1 January 2024

14,219

Additions

3,532

At 31 December 2024

17,751

AMORTISATION

At 1 January 2024

14,219

Amortisation for year

463

At 31 December 2024

14,682

NET BOOK VALUE

At 31 December 2024

3,069

At 31 December 2023

-

Cost or valuation at 31 December 2024 is represented by:

Website

costs

£

Valuation in 2024

17,751

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

At 1 January 2024

966,557

2,604,103

98,105

Additions

9,946

29,066

3,844

Disposals

-

-

-

At 31 December 2024

976,503

2,633,169

101,949

DEPRECIATION

At 1 January 2024

760,263

1,349,600

93,313

Charge for year

59,478

210,710

1,237

Eliminated on disposal

-

-

-

At 31 December 2024

819,741

1,560,310

94,550

NET BOOK VALUE

At 31 December 2024

156,762

1,072,859

7,399

At 31 December 2023

206,294

1,254,503

4,792

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

107,479

103,232

3,879,476

Additions

-

-

42,856

Disposals

(12,291

)

-

(12,291

)

At 31 December 2024

95,188

103,232

3,910,041

DEPRECIATION

At 1 January 2024

30,903

99,094

2,333,173

Charge for year

17,847

1,721

290,993

Eliminated on disposal

(7,106

)

-

(7,106

)

At 31 December 2024

41,644

100,815

2,617,060

NET BOOK VALUE

At 31 December 2024

53,544

2,417

1,292,981

At 31 December 2023

76,576

4,138

1,546,303

Included within the net book value above is £78,024 (2023 - £104,819), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £26,795 (2023 - £26,351).

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

465,470

416,214

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

515,403

493,722

Other debtors

42,295

34,279

557,698

528,001

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 10)

-

108,284

Hire purchase contracts

25,378

125,205

Trade creditors

308,759

270,878

Amounts owed to associates

471,397

-

Taxation and social security

547,390

767,035

Other creditors

471,260

294,221

1,824,184

1,565,623

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

-

18,753

Hire purchase contracts

35,113

60,491

Other creditors

2,000,000

2,385,429

2,035,113

2,464,673

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

-

108,284

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

18,753

Preference shares

200,000

200,000

200,000

218,753

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

22,635

12.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date there were hire purchase agreements outstanding of £60,491 (2023- £185,697).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount due to the director's of £1,800,000 (2023: £2,185,429). The loans are interest free with no fixed date for repayment.

14.	OTHER INCOME DISCLOSURE

Within sundry receipts, there is an amount of £361,128 introduced by the companies director. This is a gift to the company and is not repayable.