Duration Brewing Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10709551

Duration Brewing Ltd

Unaudited financial statements

30 April 2025

Duration Brewing Ltd

Statement of financial position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		842,301		997,488

Current assets

Stocks		72,675	75,871
Debtors	6	135,395	107,128
Cash at bank and in hand		21,390	38,803
		---------	---------
		229,460	221,802

Creditors: Amounts falling due within one year	7	( 660,209)		( 522,906)
		---------		---------
Net current liabilities			( 430,749)		( 301,104)
			---------		---------
Total assets less current liabilities			411,552		696,384

Creditors: Amounts falling due after more than one year	8	( 179,201)	( 333,546)
		---------	---------
Net assets		232,351	362,838
		---------	---------

Capital and reserves

Called up share capital	146,768	146,768
Share premium account	1,594,099	1,594,099
Capital redemption reserve	2,166	2,166
Profit and loss account	( 1,510,682)	( 1,380,195)
	-----------	-----------
Shareholders funds	232,351	362,838
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Act with respect to accounting records and the preparation of financial statements .

Duration Brewing Ltd

Statement of financial position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 14 July 2026 , and are signed on behalf of the board by:

Mr D S Bates

Director

Company registration number: 10709551

Duration Brewing Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abbey Farm, River Road, West Acre, Norfolk, PE32 1UA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements reflect a net current liabilities position. The directors have a reasonable expectation that the company has adequate resources to continued for the next twelve months and closely monitor cash flow. The directors also have an expectation that they have the support of the existing shareholders and also have the option of completing further fundraising in terms of both debt and equity as required. On this basis the financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Long leasehold property	-	9% straight line
Office equipment	-	33 % straight line
Fixtures and fittings	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 12 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	1,300,817	602,486	8,975	14,616	1,926,894
Additions	–	–	468	–	468
	-----------	---------	------	-------	-----------
At 30 April 2025	1,300,817	602,486	9,443	14,616	1,927,362
	-----------	---------	------	-------	-----------
Depreciation
At 1 May 2024	641,535	271,774	8,966	7,131	929,406
Charge for the year	99,284	54,772	103	1,496	155,655
	-----------	---------	------	-------	-----------
At 30 April 2025	740,819	326,546	9,069	8,627	1,085,061
	-----------	---------	------	-------	-----------
Carrying amount
At 30 April 2025	559,998	275,940	374	5,989	842,301
	-----------	---------	------	-------	-----------
At 30 April 2024	659,282	330,712	9	7,485	997,488
	-----------	---------	------	-------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	130,194	85,841
Prepayments and accrued income	3,769	20,106
Other debtors	1,432	1,181
	---------	---------
	135,395	107,128
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	73,425	25,708
Trade creditors	210,671	124,755
Accruals and deferred income	16,099	5,811
Social security and other taxes	67,202	48,144
Obligations under finance leases and hire purchase contracts	125,910	141,331
Director loan accounts	166,398	176,780
Other creditors	504	377
	---------	---------
	660,209	522,906
	---------	---------

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	108,518	115,616
Other creditors	70,683	217,930
	---------	---------
	179,201	333,546
	---------	---------