Abbreviated Company Accounts - THE WINE KEG COMPANY LIMITED

THE WINE KEG COMPANY LIMITED - Company Information

Registered Number 09103161

THE WINE KEG COMPANY LIMITED

Abbreviated Accounts

30 June 2016

THE WINE KEG COMPANY LIMITED Registered Number 09103161

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,812	3,468
		2,812	3,468
Current assets
Stocks		490	1,690
Debtors		8,178	3,940
Cash at bank and in hand		4,289	343
		12,957	5,973
Creditors: amounts falling due within one year		(23,278)	(18,032)
Net current assets (liabilities)		(10,321)	(12,059)
Total assets less current liabilities		(7,509)	(8,591)
Total net assets (liabilities)		(7,509)	(8,591)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(7,510)	(8,592)
Shareholders' funds		(7,509)	(8,591)

For the year ending 30 June 2016 the company was entitled to exemption 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 directors acknowledge their 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 Board on 30 March 2017

And signed on their behalf by:
L OLIVER, Director

THE WINE KEG COMPANY LIMITED Registered Number 09103161

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Plant & Machinery etc - 33% on cost and 25% on reducing balance

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 July 2015	4,672
Additions	416
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	5,088
Depreciation
At 1 July 2015	1,204
Charge for the year	1,072
On disposals	-
At 30 June 2016	2,276
Net book values
At 30 June 2016	2,812
At 30 June 2015	3,468