Dylans Craft Beer Co Ltd - Accounts to registrar (filleted) - small 17.3
Dylans Craft Beer Co Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| DYLANS CRAFT BEER CO LTD |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 7 |
| DYLANS CRAFT BEER CO LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Waterside |
| Station Road |
| Harpenden |
| Hertfordshire |
| AL5 4US |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| BALANCE SHEET |
| 30 JUNE 2017 |
| 2017 | 2016 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings | 65,410 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Dylans Craft Beer Co Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in Sterling (£) and rounded to the nearest £ |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 July 2015. |
| There were no adjustments necessary on transition. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Income is recognised at the point of sale, being the point at which risks and rewards have been transferred to |
| the customer. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
| Land and buildings |
| Land and buildings held and used in the company's own activities are stated in the statement of financial |
| position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation less |
| any subsequent depreciation or impairment losses. Revaluations are carried out regularly. Any revaluation |
| increase or decrease on land and buildings is credited to the property revaluation reserve. Depreciation on |
| revalued buildings is charged to profit and loss using the straight line method over their estimated useful lives of |
| 50 years. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
| that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
| of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2016 |
| Additions |
| Revaluations |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| Revaluation adjustments | ( |
) | ( |
) |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Cost or valuation at 30 June 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2017 | 230,000 | - | 230,000 |
| Cost | 416,503 | 75,093 | 491,596 |
| 646,503 | 75,093 | 721,596 |
| If freehold land and buildings had not been revalued would have been included at the following historical cost: |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Cost | 416,503 | 416,503 |
| Aggregate depreciation | 12,602 | 8,272 |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Bank loans (see note 8) |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| The bank loan of £177,110 is secured by a fixed charge over 7 George Street, St Albans, Hertfordshire, AL3 |
| 4ER and floating charge over all property or undertaking of the company. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Fixed asset revaluations | 230,000 |
| Deferred tax on revaluation | (39,100 | ) |
| At 30 June 2017 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| The company has total commitments at the balance sheet date of £9,762. |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included within other debtors is an amount of £9,967 owed by a director. |
| Included within other creditors is a total of £166,578 owed to directors. |
| DYLANS CRAFT BEER CO LTD (REGISTERED NUMBER: 09106540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 12. | RELATED PARTY DISCLOSURES |
| Included within other creditors is an amount of £68,056 owed by a company with common directors and |
| shareholders. |
| DYLANS CRAFT BEER CO LTD |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| DYLANS CRAFT BEER CO LTD |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary |
| statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2017 set out on pages three to nine and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 1 Waterside |
| Station Road |
| Harpenden |
| Hertfordshire |
| AL5 4US |