| Beer Exhibitions Limited |
| Registered number: |
01854870 |
| Balance Sheet |
| as at 31 July 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
10,524 |
|
|
10,524 |
| Debtors |
3 |
|
2,851 |
|
|
3,558 |
| Cash at bank and in hand |
|
|
35,686 |
|
|
36,449 |
|
|
|
49,061 |
|
|
50,531 |
|
| Creditors: amounts falling due within one year |
4 |
|
(50,600) |
|
|
(51,163) |
|
| Net current liabilities |
|
|
|
(1,539) |
|
|
(632) |
|
| Total assets less current liabilities |
|
|
|
(1,539) |
|
|
(632) |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(500) |
|
|
(500) |
|
|
|
| Net liabilities |
|
|
|
(2,039) |
|
|
(1,132) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
38 |
|
|
38 |
| Profit and loss account |
|
|
|
(2,077) |
|
|
(1,170) |
|
| Shareholders' funds |
|
|
|
(2,039) |
|
|
(1,132) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K M Harris |
| Director |
| Approved by the board on 7 April 2022 |
|
| Beer Exhibitions Limited |
| Notes to the Accounts |
| for the year ended 31 July 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).
The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from festival activities, advertising and the sale of goods.
Festival income is recognised in the period during which the festival takes place and represents entrance fees and the sale of tokens for exchange for drinks.
Advertising revenue represents income for the sale of adverts in the festival programme and is recognised in the period of publication.
Revenue from the sale of goods is recognised at the point of sale. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Going concern |
|
At the year end the company's balance sheet was in deficit. The directors have indicated that they will provide financial support to the company to enable it to continue trading as a going concern. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
2,851 |
|
3,558 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors |
50,600 |
|
51,163 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors |
500 |
|
500 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2021 |
|
2021 |
|
2020 |
| value |
number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
38 |
|
38 |
|
38 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Beer Exhibitions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The History Room at Farnham Pottery |
|
Pottery Lane |
|
Wrecclesham, Farnham |
|
Surrey |
|
GU10 4QJ |
