Dukeries Brewery Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 08162047 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

DUKERIES BREWERY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G P Longley

P D Owen

REGISTERED OFFICE:

Pepper`s Warehousing Unit 6

Carlton Forest Distribution Centre

Blyth Road

Worksop

Nottinghamshire

S81 0TP

REGISTERED NUMBER:

08162047 (England and Wales)

ACCOUNTANTS:

Anderson & Co

18 Diamond Avenue

Kirkby in Ashfield

Nottinghamshire

NG17 7GR

FIXED ASSETS

Tangible assets

2

43,230

38,900

CURRENT ASSETS

Stocks

20,050

28,800

Debtors

21,837

16,534

Cash at bank and in hand

11,115

7,939

53,002

53,273

CREDITORS

Amounts falling due within one year

49,641

46,844

NET CURRENT ASSETS

3,361

6,429

TOTAL ASSETS LESS CURRENT
LIABILITIES

46,591

45,329

CREDITORS

Amounts falling due after more than one
year

(36,094

)

(36,751

)

PROVISIONS FOR LIABILITIES

(8,579

)

(7,698

)

NET ASSETS

1,918

880

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,916

878

SHAREHOLDERS' FUNDS

1,918

880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 17 January 2016 and were signed on its behalf by:

G P Longley - Director

P D Owen - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

47,142

Additions

11,601

At 31 July 2015

58,743

DEPRECIATION

At 1 August 2014

8,242

Charge for year

7,271

At 31 July 2015

15,513

NET BOOK VALUE

At 31 July 2015

43,230

At 31 July 2014

38,900

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

2

Ordinary

£1.00

2