Mad Dog Drinks Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07567441 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Mad Dog Drinks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

RDJ Bennett

R L van Geest

REGISTERED OFFICE:

99 Westmead Road

Sutton

Surrey

SM1 4HX

REGISTERED NUMBER:

07567441 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

CURRENT ASSETS

Stocks

6,946

13,593

Debtors

59,982

16,912

Cash at bank

35,066

2,165

101,994

32,670

CREDITORS

Amounts falling due within one year

90,971

36,623

NET CURRENT ASSETS/(LIABILITIES)

11,023

(3,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,023

(3,953

)

CAPITAL AND RESERVES

Called up share capital

2

166

100

Share premium

57,287

44,970

Profit and loss account

(46,430

)

(49,023

)

SHAREHOLDERS' FUNDS

11,023

(3,953

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 December 2015 and were signed on its behalf by:

RDJ Bennett - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically delivered to the customer.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

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 of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

166,399

Ordinary

0.001

p

166

100