Company Registration No. 09081220 (England and Wales)
The Park Brewery Ltd
Unaudited accounts
for the year ended 30 June 2017
The Park Brewery Ltd
Unaudited accounts
Contents
The Park Brewery Ltd
Company Information
for the year ended 30 June 2017
Directors
Frankie Kearns
Joshuah Kearns
Company Number
09081220 (England and Wales)
Registered Office
38 ST. GEORGES ROAD
KINGSTON UPON THAMES
SURREY
KT2 6DN
Accountants
Thrive Accountants LLP
The City Arc
89 Worship Street
London
EC2A 2BF
The Park Brewery Ltd
Statement of financial position
as at
30 June 2017
Tangible assets
23,591
27,342
Cash at bank and in hand
1,533
-
Creditors: amounts falling due within one year
(24,461)
(23,256)
Net current liabilities
(15,218)
(17,577)
Total assets less current liabilities
8,373
9,765
Creditors: amounts falling due after more than one year
(3,203)
(4,823)
Called up share capital
2
2
Profit and loss account
5,168
4,940
Shareholders' funds
5,170
4,942
For the year ending 30 June 2017 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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.
Approved by the Board on 14 March 2018.
Frankie Kearns
Director
Company Registration No. 09081220
The Park Brewery Ltd
Notes to the Accounts
for the year ended 30 June 2017
The Park Brewery Ltd is a private company, limited by shares, registered in England and Wales, registration number 09081220. The registered office is 38 ST. GEORGES ROAD, KINGSTON UPON THAMES, SURREY, KT2 6DN.
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.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
7 years
Computer equipment
3 years
The Park Brewery Ltd
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2016
24,277
7,400
-
31,677
At 30 June 2017
24,917
7,400
293
32,610
At 1 July 2016
4,159
176
-
4,335
Charge for the year
3,570
1,057
57
4,684
At 30 June 2017
7,729
1,233
57
9,019
At 30 June 2017
17,188
6,167
236
23,591
At 30 June 2016
20,118
7,224
-
27,342
Raw materials
2,347
1,928
Trade debtors
5,363
3,751
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
1,206
1,869
Obligations under finance leases and hire purchase contracts
1,622
1,603
Trade creditors
1,164
4,139
Taxes and social security
6,675
2,402
Loans from directors
13,794
13,243
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
3,203
4,823
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).