Caythorpe Brewery Ltd Small abbreviated accounts

CAYTHORPE BREWERY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 05539889

CAYTHORPE BREWERY LTD

ABBREVIATED ACCOUNTS

31 August 2016

ASH ACCOUNTING LTD

Licensed Accountants

44a Gedling Road

Carlton

Nottingham

NG4 3FH

CAYTHORPE BREWERY LTD

ABBREVIATED BALANCE SHEET

31 August 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			6,783	9,442
			-------	-------

CURRENT ASSETS

Stocks	4,720		2,820
Debtors	2,018		3,362
Cash at bank and in hand	11,665		9,036
	---------		---------
	18,403		15,218
CREDITORS: Amounts falling due within one year	33,754		33,094
	---------		---------
NET CURRENT LIABILITIES		( 15,351)	( 17,876)
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 8,568)	( 8,434)
		---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3	4	4
Profit and loss account		( 8,572)	( 8,438)
		-------	-------
DEFICIT		( 8,568)	( 8,434)
		-------	-------

For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 16 May 2017 , and are signed on their behalf by:

Mr J Stachura Director

Company Registration Number: 05539889

CAYTHORPE BREWERY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 AUGUST 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Brewery plant-25% on reducing balance

Motor Vehicles-25% on reducing balance

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 September 2015	49,261
Disposals	( 399)
	---------
At 31 August 2016	48,862
	---------

DEPRECIATION

At 1 September 2015	39,819
Charge for year	2,260
	---------
At 31 August 2016	42,079
	---------

NET BOOK VALUE

At 31 August 2016	6,783
	-------

At 31 August 2015	9,442
	-------

3. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
100 Ordinary shares of £ 1 each	100	100
	----	----

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	4	4	4	4
	----	----	----	----