ST ANDREWS BREWPUB COMPANY LTD.

ST ANDREWS BREWPUB COMPANY LTD.

ST ANDREWS BREWPUB COMPANY LTD. - Company Information

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ST ANDREWS BREWPUB COMPANY LTD.

Company Registration Number:
SC459416 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

ST ANDREWS BREWPUB COMPANY LTD.

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

ST ANDREWS BREWPUB COMPANY LTD.

Balance sheet

As at 30 September 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 114,828 84,162
Total fixed assets: 114,828 84,162
Current assets
Stocks: 750 10,179
Debtors:   147,340 161,281
Cash at bank and in hand: 2,310 5,198
Total current assets: 150,400 176,658
Creditors: amounts falling due within one year: 4 (202,414) (212,117)
Net current assets (liabilities): (52,014) (35,459)
Total assets less current liabilities: 62,814 48,703
Creditors: amounts falling due after more than one year: 5 (250,022) (199,855)
Total net assets (liabilities): (187,208) (151,152)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (187,210) (151,154)
Shareholders funds: (187,208) (151,152)

The notes form part of these financial statements

ST ANDREWS BREWPUB COMPANY LTD.

Balance sheet statements

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2021
and signed on behalf of the board by:

Name: Philip Mackey
Status: Director

The notes form part of these financial statements

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

1.1 Turnover represents amounts receivable for goods net of VAT. Revenue is recognised when the goods have been supplied to the customer.

Tangible fixed assets and depreciation policy

1.2 Tangible fixed assets are initally measured at cost and subsequently measured at cost valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Plant and machinery 15% straight lineFixtures, fittings & equipment 10% straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Other accounting policies

1.3 StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell.1.4 Cash at bank and in handCash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. 1.5 Employee benefits The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused entitlement is recognised in the period in which the employee's service are received. 1.6 Retirement benefitsPayments to defined contribution retirement benefit schemes are charged as an expense as they fall due.1.7 LeasesLeases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finanace lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as the produce a constant periodic rate of interest on the remaining balance is liability. Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.The financial statements were approved by the board of Directors and authorised for issue on 24th September 2021 and signed on its behalf by Philip Mackey Director.

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 20 20

This report was approved by the board of directors on 24 September 2021and signed on behalf of the board by:Name: Philip MackeyStatus: Director

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Tangible Assets

Total
Cost £
At 01 October 2019 132,113
Additions 30,666
Disposals 0
At 30 September 2020 162,779
Depreciation
At 01 October 2019 47,951
Charge for year 0
At 30 September 2020 47,951
Net book value
At 30 September 2020 114,828
At 30 September 2019 84,162

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Creditors: amounts falling due within one year note

Trade Creditors 96667Taxation and social security 84861Bank Loan 15833Sundry Creditors 5053Total 202414

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

5. Creditors: amounts falling due after more than one year note

Directors Loan 250022

ST ANDREWS BREWPUB COMPANY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2020

6. Loans to directors

Name of director receiving advance or credit: Philip Mackey
Description of the loan: At the balance sheet date a director's loan of 250022 was due by the company to Philip Mackey. This loan is interest free, secured by means of a floating charge on the company and has no fixed date for repayment.
£
Balance at 01 October 2019 199,855
Advances or credits made: 50,167
Balance at 30 September 2020 250,022