Abbreviated Company Accounts - FYNE ALES LIMITED

Abbreviated Company Accounts - FYNE ALES LIMITED

FYNE ALES LIMITED - Company Information

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Registered Number SC216690

FYNE ALES LIMITED

Abbreviated Accounts

31 March 2015

FYNE ALES LIMITED Registered Number SC216690

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 723 1,444
Tangible assets 3 2,349,628 1,526,151
2,350,351 1,527,595
Current assets
Stocks 275,728 197,591
Debtors 354,023 401,287
Cash at bank and in hand 26,363 23,008
656,114 621,886
Prepayments and accrued income 30,485 9,000
Creditors: amounts falling due within one year 4 (716,374) (697,016)
Net current assets (liabilities) (29,775) (66,130)
Total assets less current liabilities 2,320,576 1,461,465
Creditors: amounts falling due after more than one year 4 (1,049,969) (973,100)
Accruals and deferred income (684,753) (70,240)
Total net assets (liabilities) 585,854 418,125
Capital and reserves
Called up share capital 5 170,000 170,000
Profit and loss account 415,854 248,125
Shareholders' funds 585,854 418,125
  • For the year ending 31 March 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 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 10 December 2015

And signed on their behalf by:
JRO Delap, Director

FYNE ALES LIMITED Registered Number SC216690

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Land and buildings - 5% or 10% on cost in respect of the building element.
Plant and machinery - 10%, 20% or 33% on cost.
Fixtures and fittings - 20% on cost.

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets
£
Cost
At 1 April 2014 7,212
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 7,212
Amortisation
At 1 April 2014 5,768
Charge for the year 721
On disposals -
At 31 March 2015 6,489
Net book values
At 31 March 2015 723
At 31 March 2014 1,444
3Tangible fixed assets
£
Cost
At 1 April 2014 1,824,705
Additions 887,552
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,712,257
Depreciation
At 1 April 2014 298,554
Charge for the year 64,075
On disposals -
At 31 March 2015 362,629
Net book values
At 31 March 2015 2,349,628
At 31 March 2014 1,526,151
4Creditors
2015
£		 2014
£
Secured Debts 1,108,318 1,038,408
Instalment debts due after 5 years 421,894 409,091
5Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
170,000 Ordinary shares of £1 each 170,000 170,000

6Transactions with directors

Name of director receiving advance or credit: JRO Delap
Description of the transaction: Directors advances
Balance at 1 April 2014: £ 78,567
Advances or credits made: £ 68,127
Advances or credits repaid: -
Balance at 31 March 2015: £ 146,694