BEER PARADISE (YORK) LIMITED

BEER PARADISE (YORK) LIMITED

BEER PARADISE (YORK) LIMITED - Company Information

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BEER PARADISE (YORK) LIMITED

Company Registration Number:
07042573 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

BEER PARADISE (YORK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

BEER PARADISE (YORK) LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 38,489 34,335
Total fixed assets: 38,489 34,335
Current assets
Stocks: 65,682 80,771
Debtors: 4 65,665 95,347
Cash at bank and in hand: 108,037 112,038
Total current assets: 239,384 288,156
Net current assets (liabilities): 239,384 288,156
Total assets less current liabilities: 277,873 322,491
Creditors: amounts falling due after more than one year: 5 (85,455) (84,313)
Provision for liabilities: (7,313) (6,513)
Total net assets (liabilities): 185,105 231,665
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 185,005 231,565
Shareholders funds: 185,105 231,665

The notes form part of these financial statements

BEER PARADISE (YORK) LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 January 2020
and signed on behalf of the board by:

Name: K E Annely
Status: Director

The notes form part of these financial statements

BEER PARADISE (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Plant and Machinery 25% reducing balanceMotor Vehicles 25% reducing balanceComputer Equipment 25% reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

Other accounting policies

HIRE PURCHASE AND LEASING COMMITMENTSRental paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.PENSION COSTSThe company operates a defined contribution pension scheme, payments to which are charged to profit or loss in the period to which they relate.

BEER PARADISE (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 8 8

BEER PARADISE (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 105,712
Additions 22,171
Disposals (16,395)
At 31 December 2019 111,488
Depreciation
At 01 January 2019 71,377
Charge for year 12,830
On disposals (11,208)
At 31 December 2019 72,999
Net book value
At 31 December 2019 38,489
At 31 December 2018 34,335

BEER PARADISE (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

BEER PARADISE (YORK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Creditors: amounts falling due after more than one year note

****************************************2019****************2018Trade Creditors*******************13881****************18432Tax and Social Security*********44937***************48442Other Creditors*******************26637***************17439