Abbreviated Company Accounts - DRINK WORKS LIMITED

DRINK WORKS LIMITED - Company Information

04108541 DRINK WORKS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04108541 2014-01-01 2014-12-31 04108541 2014-12-31 04108541 2013-12-31 04108541 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04108541 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04108541

DRINK WORKS LIMITED

Abbreviated Accounts

31 December 2014

DRINK WORKS LIMITED Registered Number 04108541

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	17,659	31,478
		17,659	31,478
Current assets
Debtors		277,154	281,399
Cash at bank and in hand		6,212	57
		283,366	281,456
Creditors: amounts falling due within one year		(104,823)	(175,530)
Net current assets (liabilities)		178,543	105,926
Total assets less current liabilities		196,202	137,404
Provisions for liabilities		(1,071)	-
Total net assets (liabilities)		195,131	137,404
Capital and reserves
Called up share capital	3	70	70
Other reserves		30	30
Profit and loss account		195,031	137,304
Shareholders' funds		195,131	137,404

For the year ending 31 December 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2015

And signed on their behalf by:
Mr F Grunefeld, Director
Mr D Batchen, Director

DRINK WORKS LIMITED Registered Number 04108541

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Property improvements - 10% straight line
Plant and machinery - 33% straight line
Fixtures and fittings - 25% straight line

Other accounting policies
Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at 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 gains and losses are recognised in the Profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	253,198
Additions	5,019
Disposals	(1,722)
Revaluations	-
Transfers	-
At 31 December 2014	256,495
Depreciation
At 1 January 2014	221,720
Charge for the year	17,791
On disposals	(675)
At 31 December 2014	238,836
Net book values
At 31 December 2014	17,659
At 31 December 2013	31,478

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
7,000 Ordinary shares of £0.01 each	70	70