GINGER_BEER_(SOUTH_WEST)_ - Accounts

GINGER BEER (SOUTH WEST) LIMITED - Company Information

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Company Registration No. 05322455 (England and Wales)

GINGER BEER (SOUTH WEST) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

GINGER BEER (SOUTH WEST) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GINGER BEER (SOUTH WEST) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

6,538

8,212

Current assets

Stocks

16,000

Debtors

427

168

Cash at bank and in hand

21,958

16,854

38,385

33,022

Creditors: amounts falling due within one year

(69,039)

(69,783)

Net current liabilities

(30,654)

(36,761)

Total assets less current liabilities

(24,116)

(28,549)

Capital and reserves

Called up share capital

200

Profit and loss account

(24,316)

(28,749)

Shareholders' funds

(24,116)

(28,549)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2016

N Cole

Director

Company Registration No. 05322455

GINGER BEER (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern basis of preparation

The company has net current liabilities and net total liabilities as shown on the balance sheet. The company is dependent on the continuing financial support of its directors and the directors have indicated their support for the forseeable future. The accounts have therefore been prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings - leasehold

in equal annual instalments over the length of the lease

Fixtures, fittings & equipment

10% straight line

Fixed assets

Tangible assets

Cost

At 1 January 2014 & at 31 December 2014

21,401

Depreciation

At 1 January 2014

13,189

Charge for the year

1,674

At 31 December 2014

14,863

Net book value

At 31 December 2014

6,538

At 31 December 2013

8,212

GINGER BEER (SOUTH WEST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 'A' Ordinary shares of £1 each

100

50 'B' Ordinary shares of £1 each

50 'C' Ordinary shares of £1 each

200

Related party relationships and transactions

Other transactions

At 31 December 2014 the company owed the directors £63,163 (2013: £63,278) included in other creditors due within one year.