Museum of Cider Limited - Limited company - abbreviated - 11.6
Museum of Cider Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period |
| 1 April 2013 to 30 September 2014 |
| for |
| Museum of Cider Limited |
| Museum of Cider Limited (Registered number: 01418452) |
| Contents of the Abbreviated Accounts |
| for the Period 1 April 2013 to 30 September 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Museum of Cider Limited |
| Company Information |
| for the Period 1 April 2013 to 30 September 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Museum of Cider Limited (Registered number: 01418452) |
| Abbreviated Balance Sheet |
| 30 September 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| ACCRUALS AND DEFERRED INCOME |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Museum of Cider Limited (Registered number: 01418452) |
| Abbreviated Balance Sheet - continued |
| 30 September 2014 |
| The financial statements were approved by the Board of Directors on by: |
| Museum of Cider Limited (Registered number: 01418452) |
| Notes to the Abbreviated Accounts |
| for the Period 1 April 2013 to 30 September 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| The financial statements have been prepared on a going concern basis, as the Hereford Cider Museum Trust is |
| providing financial support. The financial statements do not include any adjustments that would result from a |
| withdrawal of this support. |
| Turnover |
| Turnover represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is |
| recognised when goods are physically delivered to the customer. |
| Uninvoiced deliveries at the year-end are included in accrued income. Invoiced deliveries are included in |
| debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods |
| have been delivered. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are stated in the balance sheet at the lower of cost and net realisable value. Cost includes all expenditure |
| incurred in bringing those stocks to their present location and condition. |
| 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 are differences between the taxable profits and the results as stated in the |
| financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from |
| those in which they are recognised in the financial statements. |
| A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as |
| more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing |
| differences can be deducted. |
| Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
| agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax |
| recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, |
| being charged to tax only if and when replacement assets are sold. |
| Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
| Deferred tax is measured on a non-discounted basis. |
| Grants received |
| Capital grants received as a contribution towards specific expenditure on fixed assets are treated as deferred |
| income and released to profit and loss account over the expected useful lives of the related assets. |
| Museum of Cider Limited (Registered number: 01418452) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 1 April 2013 to 30 September 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2013 |
| Additions |
| Revaluations |
| At 30 September 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for period |
| Revaluation adjustments | ( |
) |
| At 30 September 2014 |
| NET BOOK VALUE |
| At 30 September 2014 |
| At 31 March 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | ULTIMATE CONTROLLING PARTY |
| Throughout the year the company was under the control of the |