Drinks of Manchester Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09915034 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

DRINKS OF MANCHESTER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R J Heeley

Miss J L Wiggins

REGISTERED OFFICE:

125 Buckingham Road

Manchester

M21 0RG

REGISTERED NUMBER:

09915034 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

BANKERS:

Barclays Bank PLC

753/755 Wilmslow Road

Didsbury

Manchester

M20 6RN

FIXED ASSETS

Intangible assets

4

6,072

4,737

Tangible assets

5

81,626

42,521

87,698

47,258

CURRENT ASSETS

Stocks

21,677

15,000

Debtors

260,158

306,912

Cash at bank

649,473

57,858

931,308

379,770

CREDITORS

Amounts falling due within one year

400,843

245,605

NET CURRENT ASSETS

530,465

134,165

TOTAL ASSETS LESS CURRENT LIABILITIES

618,163

181,423

PROVISIONS FOR LIABILITIES

13,899

8,079

NET ASSETS

604,264

173,344

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

604,064

173,144

SHAREHOLDERS' FUNDS

604,264

173,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18th June 2019 and were signed on its behalf by:

S R J Heeley - Director

Miss J L Wiggins - Director

1.	STATUTORY INFORMATION

Drinks of Manchester Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Amortisation

Amortisation has been provided in line with the useful economic life of intangible fixed assets at the following rates.

Patents and licenses 10 years

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

5,339

Additions

2,076

At 31st March 2019

7,415

AMORTISATION

At 1st April 2018

602

Amortisation for year

741

At 31st March 2019

1,343

NET BOOK VALUE

At 31st March 2019

6,072

At 31st March 2018

4,737

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

48,912

Additions

56,769

At 31st March 2019

105,681

DEPRECIATION

At 1st April 2018

6,391

Charge for year

17,664

At 31st March 2019

24,055

NET BOOK VALUE

At 31st March 2019

81,626

At 31st March 2018

42,521

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

200

200

7.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Spirit of Manchester Distillery Ltd, a company which is registered in

England and Wales. Spirit of Manchester Distillery Ltd is controlled by the directors.