Long Man Brewery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07653948 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

LONG MAN BREWERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D Ellis

Mr S Lees

REGISTERED OFFICE:

Church Farm

Litlington

Polegate

East Sussex

BN26 5RA

REGISTERED NUMBER:

07653948 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Business Advisers and Accountants

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Tangible assets

2

150,224

173,432

CURRENT ASSETS

Stocks

88,900

85,217

Debtors

232,432

213,999

Cash at bank and in hand

39,961

26,971

361,293

326,187

CREDITORS

Amounts falling due within one year

256,026

329,793

NET CURRENT ASSETS/(LIABILITIES)

105,267

(3,606

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

255,491

169,826

CREDITORS

Amounts falling due after more than one
year

(15,127

)

(6,848

)

PROVISIONS FOR LIABILITIES

(17,785

)

(17,204

)

NET ASSETS

222,579

145,774

CAPITAL AND RESERVES

Called up share capital

3

436

427

Profit and loss account

222,143

145,347

SHAREHOLDERS' FUNDS

222,579

145,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 21 September 2016 and were signed on its behalf
by:

Mr S Lees - 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 the value of goods (net of VAT) provided to customers during the year.

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.

Improvements to property

-

Straight line over 7 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 May 2015

362,416

Additions

35,795

Disposals

(11,850

)

At 30 April 2016

386,361

Depreciation

At 1 May 2015

188,984

Charge for year

54,004

Eliminated on disposal

(6,851

)

At 30 April 2016

236,137

Net book value

At 30 April 2016

150,224

At 30 April 2015

173,432

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary 'A'

£1

100

Ordinary 'B'

£1

100

Ordinary 'C'

£1

100

Ordinary 'D'

£1

100

36

Ordinary'E'

£1

36

27

436

427

During the year 9 Ordinary 'E' £1 shares were issued at par.