ST_ANDREWS_BREWPUB_COMPAN - Accounts

ST ANDREWS BREWPUB COMPANY LTD. - Company Information

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Company Registration No. SC459416 (Scotland)

ST ANDREWS BREWPUB COMPANY LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

ST ANDREWS BREWPUB COMPANY LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ST ANDREWS BREWPUB COMPANY LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

43,214

45,723

Current assets

Stocks

14,966

17,743

Debtors

7,808

2,979

Cash at bank and in hand

25,079

9,987

47,853

30,709

Creditors: amounts falling due within one year

(184,568)

(161,717)

Net current liabilities

(136,715)

(131,008)

Total assets less current liabilities

(93,501)

(85,285)

Capital and reserves

Called up share capital

Profit and loss account

(93,503)

(85,287)

Shareholders' funds

(93,501)

(85,285)

For the financial year ended 30 September 2015 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 and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 24 June 2016

P Mackey

T Butler

Director

Company Registration No. SC459416

ST ANDREWS BREWPUB COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 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).

The directors believe that the financial statements should be prepared on a going concern basis as they understand that continued support will be provided by the related parties for at least the next twelve months.

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.

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:

Plant and machinery

15% straight line

Computer equipment

15% straight line

Fixtures, fittings & equipment

10% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Revenue recognition

Revenue is recognised when cash is received for the goods or services provided. Rental income relating to hire of facilities is recognised once the function scheduled has taken place.

ST ANDREWS BREWPUB COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

51,696

Additions

3,927

At 30 September 2015

55,623

Depreciation

At 1 October 2014

5,973

Charge for the period

6,436

At 30 September 2015

12,409

Net book value

At 30 September 2015

43,214

At 30 September 2014

45,723

Share capital

2015

2014

Allotted, called up and fully paid

2 ordinary shares of £1 each