The Leeds Brewery Company Limited 30/06/2019 iXBRL
The Leeds Brewery Company Limited 30/06/2019 iXBRL
Company registration number:
05741919
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountant |
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Accountants Advice Limited | ||
29 Temple Lane | ||
Copmanthorpe | ||
YO23 3TB | ||
Abridged statement of financial position
30 June 2019
30/06/19 | 31/12/17 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 March 2020
, and are signed on behalf of the board by:
Director
Company registration number:
05741919
Statement of changes in equity
Period ended 30 June 2019
Called up share capital | Revaluation reserve | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 1 December 2017 |
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Profit for the period |
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Total comprehensive income for the period | - | - |
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At 31 December 2017 (as previously reported) |
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(721,572) | (437,916) | |||
Prior period adjustments | (-) | (-) | (85,659) | (85,659) | |||
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At 31 December 2017 (restated) and 1 January 2018 |
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Profit for the period |
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Other comprehensive income for the period: | |||||||
Revaluation of tangible assets |
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Total comprehensive income for the period | - |
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At 30 June 2019 |
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Notes to the financial statements
Period ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 1, Park Farm Industrial Estate, Leeds, LS11 5SE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - | 5-20 straight line | ||
Fittings fixtures and equipment | - | 15-25 straight line | ||
Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
10
(2017:
11
).
5.
Tangible assets
£ | ||
Cost or valuation | ||
At 1 January 2018 |
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Additions |
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Revaluation |
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At 30 June 2019 |
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Depreciation | ||
At 1 January 2018 |
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Charge for the year |
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At 30 June 2019 |
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Carrying amount | ||
At 30 June 2019 |
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At 31 December 2017 |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£ | ||
At 30 June 2019 | ||
Aggregate cost | 1,348,942 | |
Aggregate depreciation | (529,054) | |
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Carrying amount | 819,888 | |
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At 31 December 2017 | ||
Aggregate cost | 1,309,161 | |
Aggregate depreciation | (393,628) | |
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Carrying amount | 915,533 | |
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6.
Prior period errors
7.
Related party transactions
During the year a loan provided to the company of £380,000 by Porterfield Property Company Limited, a company under the common control of the directors, was cancelled.
8.
Controlling party
The company is controlled by
M A Brothwell
and S A H Moss
by virtue of their directorships and controlling interests in the share capital of the company.