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Company Registration No. 10258711 (England and Wales)
The Pretty Decent Beer Company Ltd Unaudited accounts for the year ended 30 June 2025
The Pretty Decent Beer Company Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
266
310
Tangible assets
5
387,386
359,771
387,652
360,081
Current assets
Inventories
85,196
66,906
Debtors
228,594
165,346
Cash at bank and in hand
16,791
4,848
330,581
237,100
Creditors: amounts falling due within one year
(618,070)
(418,441)
Net current liabilities
(287,489)
(181,341)
Total assets less current liabilities
100,163
178,740
Creditors: amounts falling due after more than one year
(160,709)
(216,829)
Net liabilities
(60,546)
(38,089)
Capital and reserves
Called up share capital
6
1,000
1,000
Share premium
49,085
49,085
Profit and loss account
(110,631)
(88,174)
Shareholders' funds
(60,546)
(38,089)
For the year ending 30 June 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2026 and were signed on its behalf by
J Casey Director Company Registration No. 10258711
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The Pretty Decent Beer Company Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
The Pretty Decent Beer Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 10258711. The registered office is Unit 10 Uplands Business Park, Blackhorse Lane, London, E17 5QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated over 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% and 17% straight line basis
Plant & machinery
5% to 25% reducing balance
Inventories
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
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The Pretty Decent Beer Company Ltd Notes to the Accounts for the year ended 30 June 2025
Leased assets
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
Taxation
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date and are expected to apply to the reversal of the timing difference.
Going concern
The company is coming towards the end of a period of investment in staff and plant and equipment which has spread over the last few financial years. This has been funded by various loans and asset financing. As anticipated, this investment has resulted in a 66% growth in turnover compared to FY 23/24, therefore, it is well placed to manage its business risks successfully. Accordingly, the losses have reduced in the current year, and the director therefore has a reasonable expectation that the company will make a profit in the next financial year, and has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total
£
Cost
At 1 July 2024
442
At 30 June 2025
442
Amortisation
At 1 July 2024
132
Charge for the year
44
At 30 June 2025
176
Net book value
At 30 June 2025
266
At 30 June 2024
310
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The Pretty Decent Beer Company Ltd Notes to the Accounts for the year ended 30 June 2025
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 July 2024
416,827
Additions
61,445
At 30 June 2025
478,272
Depreciation
At 1 July 2024
57,056
Charge for the year
33,830
At 30 June 2025
90,886
Net book value
At 30 June 2025
387,386
At 30 June 2024
359,771
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
7
Pension commitments
The company operated a defined contribution pension scheme for its employees. At the statement of financial position date, unpaid contributions of £4,477 (2024 - £2,907) were due to the fund. These are included in other creditors.
8
Operating lease commitments
2025
2024
£
£
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
133,791
103,012
Later than one year and not later than five years
299,424
223,649
433,215
326,661
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
J Casey
34,012
27,816
-
61,828
34,012
27,816
-
61,828
The above loan is included within other debtors and is unsecured. Interest has been charged at a rate of 2.25%.
10
Average number of employees
During the year the average number of employees was 24 (2024: 14).
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