Accounts filed on 30-04-2020


Registered number: 9287604






THE INDIAN BREWERY COMPANY BIRMINGHAM LTD


ACCOUNTS

FOR THE YEAR ENDED 30/04/2020
























Prepared By:
RAGAVAN AND CO LTD
Chartered Certified Accountants
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY


THE INDIAN BREWERY COMPANY BIRMINGHAM LTD


ACCOUNTS
FOR THE YEAR ENDED 30/04/2020





DIRECTORS
JASPAL LIAM SINGH PUREWAL


REGISTERED OFFICE
Unit 119c Baltimore trading Estate
Baltimore Road
Birmingham
West Midlands
B42 1DD


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 9287604



BANKERS
BARCLAYS BANK PLC



ACCOUNTANTS
RAGAVAN AND CO LTD
Chartered Certified Accountants
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY


ACCOUNTS
FOR THEYEARENDED30/04/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/04/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets	2		105,615		68,706

CURRENT ASSETS
Stock		98,905		48,760
Debtors	4	107,213		246,246
Cash at bank and in hand		1,501		1,030
		207,619		296,036
CREDITORS: Amounts falling due within one year	5	160,259		169,403
NET CURRENT ASSETS			47,360		126,633
TOTAL ASSETS LESS CURRENT LIABILITIES			152,975		195,339


CREDITORS: Amounts falling due after more than one year	6		181,681		147,266

NET (LIABILITIES) / ASSETS			(28,706)		48,073

CAPITAL AND RESERVES

Called up share capital	8		10		10
Profit and loss account			(28,716)		48,063
SHAREHOLDERS' FUNDS			(28,706)		48,073

For the year ending 30/04/2020 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 19/04/2021 and signed on their behalf by



.............................
JASPAL LIAM SINGH PUREWAL
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 20%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	100,126	244,404
VAT	6,380	-
Prepayments	707	1,416
	107,213	245,820




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	6,359	6,359
VAT	-	2,632
PAYE control	3,477	4,164
Directors current account	65,903	30,335
Trade creditors	83,440	124,938
Other creditors	105	-
Accruals	975	975
	160,259	169,403




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Amount due to Associated companies	181,681	147,266
	181,681	147,266




8. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
10 Ordinary shares of £1 each	10	10
	10	10




9. CONTROLLING PARTY
The ultimate controlling party is Mr J L S Purewal who owns 100% shares in the company.

10. RELATED PARTY TRANSACTIONS