Company Registration No. SC303551 (Scotland)
COLONSAY BREWING COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
COLONSAY BREWING COMPANY LTD
COMPANY INFORMATION
Directors
Mr C W Nisbet
Mr D Johnston
Company number
SC303551
Registered office
The Brew House
Dun Oran Park
Scalasaig
Isle of Colonsay
Argyll
PA61 7YW
Accountants
Campbell Dallas Limited
5 Whitefriars Crescent
Perth
PH2 0PA
COLONSAY BREWING COMPANY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
COLONSAY BREWING COMPANY LTD
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
4
100
900
Creditors: amounts falling due within one year
5
-
(800)
Net current assets
100
100
Capital and reserves
Called up share capital
6
100
100
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 May 2019 and are signed on its behalf by:
Mr C W Nisbet
Director
Company Registration No. SC303551
COLONSAY BREWING COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Colonsay Brewing Company Ltd is a
private
company
limited by shares
incorporated in
Scotland
.
The registered office is
The Brew House, Dun Oran Park, Scalasaig, Isle of Colonsay, Argyll, PA61 7YW.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2
Exceptional costs/(income)
2019
2018
£
£
Profit/(loss) on disposal of fixed asset
-
124,400
Exceptional items relate to the sale of the Land and Buildings during the prior year to fellow group company, Colonsay Beverages Ltd.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2
(2018 - 2).
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Other debtors
100
900
5
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
-
800
COLONSAY BREWING COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
100
100