Angram Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03230525

Abbreviated Unaudited Accounts

For The Year Ended 30th September 2016

for

Angram Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Farrar

Mrs C A Farrar

N Farrar

SECRETARY:

Mrs C A Farrar

REGISTERED OFFICE:

Thirsk Industrial Estate

York Road

Thirsk

North Yorkshire

YO7 3BX

REGISTERED NUMBER:

03230525

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

2

132,050

Tangible assets

3

569,786

628,977

701,836

761,027

CURRENT ASSETS

Stocks

303,889

278,829

Debtors

1,436,626

1,258,870

Cash at bank and in hand

703,728

1,053,488

2,444,243

2,591,187

CREDITORS

Amounts falling due within one year

4

1,450,618

1,466,124

NET CURRENT ASSETS

993,625

1,125,063

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,695,461

1,886,090

CREDITORS

Amounts falling due after more than one
year

4

(168,093

)

(194,500

)

PROVISIONS FOR LIABILITIES

(25,489

)

(34,469

)

NET ASSETS

1,501,879

1,657,121

CAPITAL AND RESERVES

Called up share capital

5

150,002

Profit and loss account

1,351,877

1,507,119

SHAREHOLDERS' FUNDS

1,501,879

1,657,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 5th May 2017 and were signed on its behalf by:

N Farrar - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1996, has been fully

amortised at 30th September 2009 and has no carrying value.

Intellectual property

Intellectual property is included within the accounts at its historical cost. No amortisation is charged on

intellectual property as its residual value is expected to be at least equal to its cost.

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.

Freehold property

-

not provided

Improvements to property

-

10% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the Lessor are charged to the profit and loss account as incurred.

Finance lease and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives.

Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where

substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such

agreements are included in creditors net of the finance charge allocated to future periods. The finance element of

the rental payment is charged to the Profit and Loss Account so as to produce a constant periodic rate of charge

on the net obligation outstanding in each period.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

and 30th September 2016

163,151

AMORTISATION

At 1st October 2015

and 30th September 2016

31,101

NET BOOK VALUE

At 30th September 2016

132,050

At 30th September 2015

132,050

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

1,095,342

Additions

7,056

Disposals

(16,241

)

At 30th September 2016

1,086,157

DEPRECIATION

At 1st October 2015

466,365

Charge for year

66,247

Eliminated on disposal

(16,241

)

At 30th September 2016

516,371

NET BOOK VALUE

At 30th September 2016

569,786

At 30th September 2015

628,977

4.

CREDITORS

Creditors include an amount of £ 189,952 (30.9.15 - £ 210,376 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.16

30.9.15

£

Repayable by instalments

42,837

55,236

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

150,002

Ordinary

£1

150,002

6.	ULTIMATE PARENT COMPANY

The Company is a wholly owned subsidiary of Brewday Limited, a company incorporated in the United
Kingdom. There is no ultimate controlling party but Brewday Limited is controlled by the directors of Angram
Limited.

The Company was owed £168,051 (2015 : £166,141) by Brewday Limited at the balance sheet date.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2016 and

30th September 2015:

30.9.16

30.9.15

£

S Farrar

Balance outstanding at start of year

2,300

-

Amounts advanced

9,529

42,565

Amounts repaid

(11,829

)

(40,265

)

Balance outstanding at end of year

-

2,300

N Farrar

Balance outstanding at start of year

29,850

Amounts advanced

-

19,383

Amounts repaid

-

(19,383

)

Balance outstanding at end of year

29,850

Mrs C A Farrar

Balance outstanding at start of year

56,818

Amounts repaid

-

Balance outstanding at end of year

56,818

Interest of 3% was charged on the directors' current account balances.No interest was charged on the directors'

loan account balances.