Dylans Craft Beer Co Ltd - Accounts to registrar (filleted) - small 18.2
Dylans Craft Beer Co Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| FOR |
| DYLANS CRAFT BEER CO LTD |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 8 |
| DYLANS CRAFT BEER CO LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Waterside |
| Station Road |
| Harpenden |
| Hertfordshire |
| AL5 4US |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| BALANCE SHEET |
| 30 JUNE 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| 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. |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| BALANCE SHEET - continued |
| 30 JUNE 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Dylans Craft Beer Co Ltd is a |
| 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 |
| The financial statements are presented in Sterling (£) and rounded to the nearest £ |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Income is recognised at the point of sale, being the point at which risks and rewards have been transferred to the |
| customer. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
| Land and buildings |
| Land and buildings held and used in the company's own activities are stated in the statement of financial position at |
| their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation less any |
| subsequent depreciation or impairment losses. Revaluations are carried out regularly. Any revaluation increase or |
| decrease on land and buildings is credited to the property revaluation reserve. Depreciation on revalued buildings is |
| charged to profit and loss using the straight line method over their estimated useful lives of 50 years. |
| 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 Income Statement, 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. |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 30 June 2019 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2017 | 230,000 | - | 230,000 |
| Cost | 416,503 | 87,383 | 503,886 |
| 646,503 | 87,383 | 733,886 |
| If freehold land and buildings had not been revalued would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 416,503 | 416,503 |
| Aggregate depreciation | 32,570 | 25,940 |
| Freehold land and buildings were valued on an open market basis on 30 June 2019 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans (see note 8) |
| Other creditors |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Other loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Other loans - 1-2 years | 42,499 |
| The bank loan of £132,086 is secured by a fixed charge over the property to which it relates and a floating charge |
| over all property or undertaking of the company. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2018 |
| and 30 June 2019 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| The company has total commitments at the balance sheet date of £55,446 (2017: £1,976). |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included within other creditors is a total of £92,859 owed to directors.(2018: £87,129) |
| 12. | RELATED PARTY DISCLOSURES |
| Included within other debtors is an amount of £158,869 owed by a company with common directors and |
| shareholders.(2018: £112,833) |
| Included within other creditors is an amount of £165,785 owed to a company with common directors and |
| shareholders.(2018: £145,785) |
| DYLANS CRAFT BEER CO LTD |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| DYLANS CRAFT BEER CO LTD |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary |
| statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2019 set out on pages three to nine and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 1 Waterside |
| Station Road |
| Harpenden |
| Hertfordshire |
| AL5 4US |