Knockeen Hills Spirits Ltd - Period Ending 2015-10-31

Company registration number: 08253580

Knockeen Hills Spirits Ltd
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 31 October 2015
 

Beresfords
  Chartered Accountants
  Castle House
  Castle Hill Avenue
  Folkstone
  Kent
  CT20 2TQ

Knockeen Hills Spirits Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Knockeen Hills Spirits Ltd
(Company registration number: 08253580)
Abbreviated Balance Sheet
31 October 2015

		Note			2015 £			2014 £
Current assets
Stocks					1,468			-
Debtors					1,151			2,809
Cash at bank and in hand					4,100			2,449
					6,719			5,258
Creditors: Amounts falling due within one year					(4,101)			(2,396)
Total assets less current liabilities					2,618			2,862
Creditors: Amounts falling due after more than one year					(23,125)			(12,483)
Net liabilities					(20,507)			(9,621)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(20,607)			(9,721)
Shareholders' deficit					(20,507)			(9,621)

The notes on pages 3 to 4 form an integral part of these financial statements.
 
  Page 1

Knockeen Hills Spirits Ltd
(Company registration number: 08253580)
Abbreviated Balance Sheet
31 October 2015......... continued

For the year ending 31 October 2015 the company was entitled to exemption from audit 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 director acknowledges his 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 director on 27 June 2016

......................................... Mr A Stibbe Director

The notes on pages 3 to 4 form an integral part of these financial statements.
 
  Page 2

Knockeen Hills Spirits Ltd
Notes to the Abbreviated Accounts
Year Ended 31 October 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years not by instalments		23,125			12,483

Page 3

Knockeen Hills Spirits Ltd
Notes to the Abbreviated Accounts
Year Ended 31 October 2015......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4