Cloak And Dagger Brewing Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09905186 (England and Wales)

Financial Statements

for the Year Ended 31 December 2017

for

CLOAK AND DAGGER BREWING COMPANY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

B D Hucker

L J Pearce

D J Seward

REGISTERED OFFICE:

57 Preston Road

Brighton

BN1 4QE

REGISTERED NUMBER:

09905186 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

Suites 12-14

3rd Floor, Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

FIXED ASSETS

Tangible assets

2

11,277

-

CURRENT ASSETS

Debtors

3

5,273

100

Cash at bank

3,734

-

9,007

100

CREDITORS

Amounts falling due within one year

4

27,088

-

NET CURRENT (LIABILITIES)/ASSETS

(18,081

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,804

)

100

CAPITAL AND RESERVES

Called up share capital

300

100

Retained earnings

(7,104

)

-

(6,804

)

100

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 19 November 2018 and were signed on its behalf by:

D J Seward - Director

1.	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.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

15,036

At 31 December 2017

15,036

DEPRECIATION

Charge for year

3,759

At 31 December 2017

3,759

NET BOOK VALUE

At 31 December 2017

11,277

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

2,491

-

Other debtors

-

100

Directors' current accounts

100

-

VAT

2,288

-

Prepayments

394

-

5,273

100

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Directors' current accounts

26,340

-

Accruals and deferred income

748

-

27,088

-

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2017 and the

period ended 31 December 2016:

31.12.17

31.12.16

£

£

L J Pearce

Balance outstanding at start of year

-

-

Amounts advanced

100

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

100

-

B D Hucker

Balance outstanding at start of year

-

-

Amounts advanced

635

-

Amounts repaid

(24,240

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,605

)

-

D J Seward

Balance outstanding at start of year

-

-

Amounts advanced

100

-

Amounts repaid

(2,835

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,735

)

-