PERUPPA_BREWERY_COMPANY_L - Accounts

PERUPPA BREWERY COMPANY LIMITED - Company Information

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Company Registration No. 4304103 (England and Wales)

PERUPPA BREWERY COMPANY LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

PERUPPA BREWERY COMPANY LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PERUPPA BREWERY COMPANY LTD

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

23,195

59,560

Current assets

Debtors

6,002

69,590

Cash at bank and in hand

801

6,803

69,602

Creditors: amounts falling due within one year

(197,773)

(198,385)

Net current liabilities

(190,970)

(128,783)

Total assets less current liabilities

(167,775)

(69,223)

Capital and reserves

Called up share capital

Profit and loss account

(167,777)

(69,225)

Shareholders' funds

(167,775)

(69,223)

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 June 2015

Mr R Munding

Mr J R T Willis

Director

Company Registration No. 4304103

PERUPPA BREWERY COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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 and the directors consider this to be an appropriate basis.

At 31 October 2014 the company's liabilities exceeded its assets by £167,775 indicating that the company may be unable to continue trading. However, of the creditors falling due within one year, £196,523 represents the balances on the Directors' Current Accounts and the directors have both indicated their ongoing support for the company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% per annum using the straight line method

Fixed assets

Tangible assets

Cost

At 1 November 2013

176,824

Disposals

(5,000)

At 31 October 2014

171,824

Depreciation

At 1 November 2013

117,264

On disposals

(3,000)

Charge for the year

34,365

At 31 October 2014

148,629

Net book value

At 31 October 2014

23,195

At 31 October 2013

59,560

PERUPPA BREWERY COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each