Company Registration No. 07659456 (England and Wales)
BREWING (ENTERPRISES) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BREWING (ENTERPRISES) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BREWING (ENTERPRISES) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
69,954
340
Current assets
Stocks
1,526
-
Debtors
908
-
Cash at bank and in hand
3,649
3,821
6,083
3,821
Creditors: amounts falling due within one year
(147,686)
(56,882)
Net current liabilities
(141,603)
(53,061)
Total assets less current liabilities
(71,649)
(52,721)
Provisions for liabilities
(13,923)
-
(85,572)
(52,721)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(85,672)
(52,821)
Shareholder's funds
(85,572)
(52,721)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 April 2016
Mr D Rokach
Director
Company Registration No. 07659456
BREWING (ENTERPRISES) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the director and creditors.
If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
1.2
Turnover
Turnover represents amounts receivable for goods sold.
sold.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% reducing balance
Motor vehicles
25% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BREWING (ENTERPRISES) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
1,129
Additions
92,968
At 30 June 2015
94,097
Depreciation
At 1 July 2014
789
Charge for the year
23,354
At 30 June 2015
24,143
Net book value
At 30 June 2015
69,954
At 30 June 2014
340
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100