Dancing Duck Beer Ltd - Abbreviated accounts 16.3

Dancing Duck Beer Ltd - Abbreviated accounts 16.3

DANCING DUCK BEER LTD - Company Information

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REGISTERED NUMBER: 06880277 (England and Wales)











Dancing Duck Beer Ltd

Abbreviated Accounts

For The Year Ended 30 June 2016






Dancing Duck Beer Ltd (Registered number: 06880277)






Contents of the Abbreviated Accounts
For The Year Ended 30 June 2016




Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Dancing Duck Beer Ltd (Registered number: 06880277)

Abbreviated Balance Sheet
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 139,534 115,769

CURRENT ASSETS
Stocks 22,558 24,827
Debtors 75,298 56,058
Cash at bank and in hand 29,806 50,520
127,662 131,405
CREDITORS
Amounts falling due within one year 70,757 110,713
NET CURRENT ASSETS 56,905 20,692
TOTAL ASSETS LESS CURRENT
LIABILITIES
196,439
136,461

CREDITORS
Amounts falling due after more than one
year
(130,916
)
(91,027
)

PROVISIONS FOR LIABILITIES (26,639 ) (20,545 )
NET ASSETS 38,884 24,889

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 38,882 24,887
SHAREHOLDERS' FUNDS 38,884 24,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 notes form part of these abbreviated accounts

Page 1 continued...
Dancing Duck Beer Ltd (Registered number: 06880277)

Abbreviated Balance Sheet - continued
30 June 2016


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 30 March 2017 and were signed on its
behalf by:





R Matthews - Director


The notes form part of these abbreviated accounts

Page 2
Dancing Duck Beer Ltd (Registered number: 06880277)

Notes to the Abbreviated Accounts
For The Year Ended 30 June 2016

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.

Improvements to property - Over the term of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 194,149
Additions 47,892
At 30 June 2016 242,041
DEPRECIATION
At 1 July 2015 78,380
Charge for year 24,127
At 30 June 2016 102,507
NET BOOK VALUE
At 30 June 2016 139,534
At 30 June 2015 115,769

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 3