THE_LAST_DROP_DISTILLERS_ - Accounts

THE LAST DROP DISTILLERS LIMITED - Company Information

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Company Registration No. 06198523 (England and Wales)

THE LAST DROP DISTILLERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

THE LAST DROP DISTILLERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

THE LAST DROP DISTILLERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

10,695

13,516

Current assets

Stocks

480

660

Debtors

37,800

50,762

Cash at bank and in hand

40,071

54,277

78,351

105,699

Creditors: amounts falling due within one year

(31,350)

(38,616)

Net current assets

47,001

67,083

Total assets less current liabilities

57,696

80,599

Capital and reserves

Called up share capital

100

Profit and loss account

57,596

80,499

Shareholders' funds

57,696

80,599

For the financial year ended 31 May 2014 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 January 2015

Mr J Espey

Director

Company Registration No. 06198523

THE LAST DROP DISTILLERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

1.3

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Fixed assets

Intangible assets

Cost

At 1 June 2013 & at 31 May 2014

28,205

Depreciation

At 1 June 2013

14,689

Charge for the year

2,821

At 31 May 2014

17,510

Net book value

At 31 May 2014

10,695

At 31 May 2013

13,516

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100