Brew York Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Brew York Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09607690 . The registered office is Unit 1 Handley Park, Osbaldwick Industrial Estate, York, North Yorkshire, YO19 5UP.

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.

There were no material departure from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous year, and have been consistently applied within the same accounts.

The accounts are presented in £ sterling and are rounded to the nearest £.

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.

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 received the goods.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets comprise website development costs and leasehold interests. Website development costs are capitalised where they generate future economic benefits and are amortised on a straight-line basis over their estimated economic life of four years. Leasehold interests represent payments made to acquire the right to occupy premises under non-cancellable leases. They are capitalised as intangible assets and amortised on a straight-line basis over the lease term.

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	10 years straight line
Motor Vehicles	5 years straight line
Fixtures & Fittings	3 and 10 years straight line
Computer Equipment	3 years straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are recognised as tangible fixed assets at the lower of the fair value of the asset and the present value of the minimum lease payments at inception.

Assets held under finance leases are depreciated over the shorter of the lease term and their estimated useful economic lives, unless there is reasonable certainty that ownership will transfer to the company at the end of the lease term, in which case they are depreciated over their useful economic lives.

Assets acquired under hire purchase contracts, where there is reasonable certainty that ownership will transfer to the company, are depreciated over their useful economic lives.

Finance leases are those that transfer substantially all of the risks and rewards incidental to ownership of an asset to the company. Obligations under such agreements are recognised as liabilities at the present value of the minimum lease payments, net of finance charges allocated to future periods. The finance charge is allocated to periods during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Payments made under operating leases, where substantially all of the risks and rewards of ownership remain with the lessor, are recognised as an expense in the profit and loss account on a straight-line basis over the lease term.

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Brew York Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. 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.

2.8. Financial Instruments

Basic financial instuments are recognised at amortised cost with changes recognised in profit and loss.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 98 (2024: 78)

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Brew York Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	3,360
Additions	9,000

As at 31 March 2025	12,360

Amortisation
As at 1 April 2024	2,030
Provided during the period	3,090

As at 31 March 2025	5,120

Net Book Value
As at 31 March 2025	7,240

As at 1 April 2024	1,330

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,736,668	10,000	163,426	31,424	1,941,518
Additions	19,342	29,000	151,385	14,559	214,286
Disposals	-	(10,000 )	(27,710 )	-	(37,710 )

As at 31 March 2025	1,756,010	29,000	287,101	45,983	2,118,094

Depreciation
As at 1 April 2024	617,491	6,833	76,790	28,189	729,303
Provided during the period	173,941	3,567	23,732	4,420	205,660
Disposals	-	(8,000 )	(9,271 )	-	(17,271 )

As at 31 March 2025	791,432	2,400	91,251	32,609	917,692

Net Book Value
As at 31 March 2025	964,578	26,600	195,850	13,374	1,200,402

As at 1 April 2024	1,119,177	3,167	86,636	3,235	1,212,215

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	200

As at 31 March 2025	200

Provision
As at 1 April 2024	-

As at 31 March 2025	-

...CONTINUED

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Brew York Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	200

As at 1 April 2024	200

7. Stocks

	2025	2024
	£	£
Materials	105,082	120,650
Finished goods	237,280	228,937
Work in progress	45,344	51,963

	387,706	401,550

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	263,866	273,570
Prepayments and accrued income	190,187	93,638
Other debtors	62,452	18,406

	516,505	385,614

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	228,930	74,259
Trade creditors	431,550	304,294
Bank loans and overdrafts	58,915	100,797
Other taxes and social security	352,254	236,424
Other creditors	48,124	17,796
Accruals and deferred income	84,098	50,973
Capital grants	22,330	22,330

	1,226,201	806,873

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	62,275	409,868
Bank loans	27,721	86,636
Other creditors	4,113	-
Capital grants	111,341	133,671
Directors loan account	116,673	115,703

	322,123	745,878

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Brew York Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

Hire purchases are secured on the assets to which they relate.

The company had two outstanding CBILS (Coronavirus Business Interruption Loan Scheme) agreements at the start of the year.

The first Santander CBILS was repayable over 4 years at an APR of 1.8%. The CBILS matured in April 2024 and was fully repaid.

The second Funding Circle CBILS is repayable over 5 years at an APR of 4.4%. The CBILS is due to mature in July 2025 and was fully repaid.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	291,205	484,127
Bank loans and overdrafts	86,636	187,433

12. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	228,930	74,259
Later than one year and not later than five years	62,275	409,868

	291,205	484,127

	291,205	484,127

13. Capital Grants

	2025	2024
	£	£
Balance at 1 April 2024	156,001	178,331
Increase / (Decrease) in the year	(22,330)	(22,330)

Balance at 31 March 2025	133,671	156,001

3 capital grants were outstanding during the year. The first a PAPI grant for £20,000, the second a Business Growth grant for £200,000 and the third a Manufacturing Growth grant for £3,300. All are recognised over the expected useful lives of the assets in which they relate, which is 10 years.

14. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	73,100	73,100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		7,240		1,330
Tangible Assets	5		1,200,402		1,212,215
Investments	6		200		200

			1,207,842		1,213,745
CURRENT ASSETS
Stocks	7	387,706		401,550
Debtors	8	516,505		385,614
Cash at bank and in hand		238,666		261,147

		1,142,877		1,048,311
Creditors: Amounts Falling Due Within One Year	9	(1,226,201 )		(806,873 )

NET CURRENT ASSETS (LIABILITIES)			(83,324 )		241,438

TOTAL ASSETS LESS CURRENT LIABILITIES			1,124,518		1,455,183

Creditors: Amounts Falling Due After More Than One Year	10		(322,123 )		(745,878 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(222,804 )		(190,181 )

NET ASSETS			579,591		519,124

CAPITAL AND RESERVES
Called up share capital	14		73,100		73,100
Profit and Loss Account			506,491		446,024

SHAREHOLDERS' FUNDS			579,591		519,124