Long Man Brewery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07653948 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

LONG MAN BREWERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Ellis

S C Lees

REGISTERED OFFICE:

Church Farm

Litlington

Polegate

East Sussex

BN26 5RA

REGISTERED NUMBER:

07653948 (England and Wales)

ACCOUNTANTS:

Armida Limited

Chartered Accountants

Bell Walk House

High Street

Uckfield

East Sussex

TN22 5DQ

FIXED ASSETS

Tangible assets

2

173,432

157,103

CURRENT ASSETS

Stocks

85,217

47,017

Debtors

213,999

129,452

Cash at bank and in hand

26,971

62,817

326,187

239,286

CREDITORS

Amounts falling due within one year

329,793

326,107

NET CURRENT LIABILITIES

(3,606

)

(86,821

)

TOTAL ASSETS LESS CURRENT LIABILITIES

169,826

70,282

CREDITORS

Amounts falling due after more than one year

(6,848

)

(12,633

)

PROVISIONS FOR LIABILITIES

(17,204

)

(9,449

)

NET ASSETS

145,774

48,200

CAPITAL AND RESERVES

Called up share capital

3

427

418

Profit and loss account

145,347

47,782

145,774

48,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 July 2015 and were signed on its behalf by:

S C Lees - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis. This is appropriate given the intended continued

support of the directors and the fact that the company only became fully operational shortly before the year end.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods (net of VAT) provided to customers during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

280,982

Additions

81,434

At 30 April 2015

362,416

DEPRECIATION

At 1 May 2014

123,879

Charge for year

65,105

At 30 April 2015

188,984

NET BOOK VALUE

At 30 April 2015

173,432

At 30 April 2014

157,103

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class

Nominal value:

30.04.15

30.04.14

£

£

100

Ordinary 'A'

£1

100

100

100

Ordinary 'B'

£1

100

100

100

Ordinary 'C'

£1

100

100

100

Ordinary 'D'

£1

100

100

27

Ordinary 'E'

£1

27

18

427

418