Brew Toon Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC465271 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Brew Toon Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Bowden

Mrs S A G Bowden

SECRETARY:

REGISTERED OFFICE:

17 Queens Den

Aberdeen

AB15 8BW

REGISTERED NUMBER:

SC465271 (Scotland)

ACCOUNTANTS:

Add Accountancy Limited

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

FIXED ASSETS

Tangible assets

4

167,726

142,077

CURRENT ASSETS

Stocks

7,662

-

Debtors

5

-

12,299

Cash at bank

2,242

5,440

9,904

17,739

CREDITORS

Amounts falling due within one year

6

276,341

139,349

NET CURRENT LIABILITIES

(266,437

)

(121,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(98,711

)

20,467

CREDITORS

Amounts falling due after more than one year

7

32,991

49,637

NET LIABILITIES

(131,702

)

(29,170

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(131,802

)

(29,270

)

SHAREHOLDERS' FUNDS

(131,702

)

(29,170

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 27 September 2018 and were signed on its behalf by:

F J Bowden - Director

Mrs S A G Bowden - Director

1.	STATUTORY INFORMATION

Brew Toon Ltd is a private company, limited by shares , registered in Scotland. The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 5 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

162,515

Additions

67,580

At 31 December 2017

230,095

DEPRECIATION

At 1 January 2017

20,438

Charge for year

41,931

At 31 December 2017

62,369

NET BOOK VALUE

At 31 December 2017

167,726

At 31 December 2016

142,077

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

-

12,299

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

-

(1

)

Taxation and social security

2,153

-

Other creditors

274,188

139,350

276,341

139,349

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

32,991

49,637

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loan

32,991

49,637