Company registration number 09715852 (England and Wales)
CRATE BREWERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
CRATE BREWERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
CRATE BREWERY LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
25,295
41,412
Current assets
Stocks
89,102
99,825
Debtors
5
256,629
310,256
Cash at bank and in hand
2,507
55,525
348,238
465,606
Creditors: amounts falling due within one year
6
(648,932)
(703,024)
Net current liabilities
(300,694)
(237,418)
Net liabilities
(275,399)
(196,006)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(275,499)
(196,106)
Total equity
(275,399)
(196,006)

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
T Seaton
Director
Company registration number 09715852 (England and Wales)
CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Crate Brewery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Worsley Court, High Street, Worsley, Manchester, M28 3NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% Straight line
Fixtures and fittings
20% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
123,744
Additions
1,058
At 31 January 2026
124,802
Depreciation and impairment
At 1 February 2025
82,332
Depreciation charged in the year
17,175
At 31 January 2026
99,507
Carrying amount
At 31 January 2026
25,295
At 31 January 2025
41,412
CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
105,252
32,659
Amounts owed by group undertakings
8,691
200,516
Other debtors
47,862
14,574
161,805
247,749
2026
2025
Amounts falling due after more than one year:
£
£
Deferred tax asset
94,824
62,507
Total debtors
256,629
310,256
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
10,301
486
Trade creditors
187,645
68,156
Amounts owed to group undertakings
441,000
493,916
Taxation and social security
-
0
9,144
Other creditors
9,986
131,322
648,932
703,024
7
Related party transactions

The following companies are subsidiaries of the parent company Crate Group (London) Limited:

Crate Bars Limited

Crate Wood Wharf Limited

By virtue of common directorship Flux Fermentation Limited is a related party.

During the year, the company paid a management charge of £194,117 (2025: £141,248) to group companies.

At the balance sheet date, the company owed an amount of £422,309 (2025: £293,421) to group companies.

During the year, the company made sales of £700,615 (2025: £461,227) to group companies.

At the balance sheet date, included within trade debtors was an amount of £88,284 (2025: £26,584) owed from group companies and related parties.

At the balance sheet date, included within trade creditors was an amount of £82,418 (2025: £12,485) owed to group companies.

CRATE BREWERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
8
Parent company

Crate Group (London) Limited is the immediate and ultimate parent of Crate Brewery Limited.

The registered office of Crate Group (London) Limited is Unit 7 White Post Lane, London, E9 5EN.

2026-01-31 2025-02-01 false false false CCH Software CCH Accounts Production 2026.100 No description of principal activity J Seaton T Seaton N Hinchley 09715852 2025-02-01 2026-01-31 09715852 2026-01-31 09715852 2025-01-31 09715852 core:OtherPropertyPlantEquipment 2026-01-31 09715852 core:OtherPropertyPlantEquipment 2025-01-31 09715852 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 09715852 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 09715852 core:CurrentFinancialInstruments 2026-01-31 09715852 core:CurrentFinancialInstruments 2025-01-31 09715852 core:ShareCapital 2026-01-31 09715852 core:ShareCapital 2025-01-31 09715852 core:RetainedEarningsAccumulatedLosses 2026-01-31 09715852 core:RetainedEarningsAccumulatedLosses 2025-01-31 09715852 bus:Director2 2025-02-01 2026-01-31 09715852 core:PlantMachinery 2025-02-01 2026-01-31 09715852 core:FurnitureFittings 2025-02-01 2026-01-31 09715852 core:MotorVehicles 2025-02-01 2026-01-31 09715852 2024-02-01 2025-01-31 09715852 core:OtherPropertyPlantEquipment 2025-01-31 09715852 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 09715852 core:AfterOneYear 2026-01-31 09715852 core:AfterOneYear 2025-01-31 09715852 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 09715852 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 09715852 bus:FRS102 2025-02-01 2026-01-31 09715852 bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 09715852 bus:Director1 2025-02-01 2026-01-31 09715852 bus:Director3 2025-02-01 2026-01-31 09715852 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP