Accounts filed on 28-02-2015

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			Company registration number:03846773
			JUST SAY BEER LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 28 February 2015

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JUST SAY BEER LIMITED
BALANCE SHEET
AS AT 28 February 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			280,352				225,896
					280,352				225,896
CURRENT ASSETS
Debtors			38,971				10,694
Cash at bank and in hand			60,073				74,945
			99,044				85,639
CREDITORS
Amounts falling due within one year			(10,138)				(4,407)
NET CURRENT ASSETS					88,906				81,232
TOTAL ASSETS LESS
CURRENT LIABILITIES					369,258				307,128
Creditors falling due after one year					(109,763)				(109,758)
PROVISIONS FOR LIABILITIES					(70)				(179)
NET ASSETS					259,425				197,191
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Revaluation Reserve					83,254				28,254
Profit and loss account					176,071				168,837
SHAREHOLDERS FUNDS					259,425				197,191
For the year ending 28 February 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 22 September 2015 and signed on its behalf.
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S A Beer
22 September 2015
The annexed notes form part of these financial statements.

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JUST SAY BEER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for services provided in the period, and rental income from investment property.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Computer equipment 50% per annum straight line Tools and equipment 25% per annum straight line

Deferred taxation

Deferred tax assets and liabilities arise from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a money purchase scheme for the benefits of its directors. The costs of contributions are charged to the profit and loss account in the year they are paid.

Investment properties

Investment properties are included in the balance sheet at their open market value, and are not depreciated. Although this accounting policy is in accordance with SSAP 19 'Accounting for Investment Properties', it is a departure from the general requirements of the Companies Act 2006 for all fixed assets with a finite life to be depreciated. In the opinion of the directors compliance with the accounting standard is necessary for the financial statements to give a true and fair view because the properties are held for investment rather than consumption, and therefore systematic annual depreciation would not be appropriate. Surpluses and temporary deficits arising on valuations are taken to revaluation reserve, whilst permanent diminutions in value are taken to the profit and loss account.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			230,435
	Additions			704
	Revaluations			55,000
	At end of period			286,139
	Depreciation
	At start of period			4,539
	Provided during the period			1,248
	At end of period			5,787
	Net Book Value
	At start of period			225,896
	At end of period			280,352

3.

Creditors

Of the creditors due after more than one year £ 109,763 (2014 £109,758) is secured.

4.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	The company is under the control of S A Beer, the director.