Fine Tuned Brewery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09533937 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Fine Tuned Brewery Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P M Kubinski

REGISTERED OFFICE:

Unit 16 Wessex Park

Somerton Business Park

Bancombe Road

Somerton

Somerset

TA11 6SB

REGISTERED NUMBER:

09533937 (England and Wales)

ACCOUNTANTS:

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

FIXED ASSETS

Tangible assets

4

109,647

215

CURRENT ASSETS

Stocks

13,347

4,680

Debtors

5

21,402

43,163

Cash at bank and in hand

3,444

4,036

38,193

51,879

CREDITORS

Amounts falling due within one year

22,529

17,410

NET CURRENT ASSETS

15,664

34,469

TOTAL ASSETS LESS CURRENT LIABILITIES

125,311

34,684

CREDITORS

Amounts falling due after more than one year

229,248

55,000

NET LIABILITIES

(103,937

)

(20,316

)

CAPITAL AND RESERVES

Called up share capital

250

100

Share premium

4,950

-

Retained earnings

(109,137

)

(20,416

)

SHAREHOLDERS' FUNDS

(103,937

)

(20,316

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 January 2019 and were signed by:

Mr P M Kubinski - Director

1.	STATUTORY INFORMATION

Fine Tuned Brewery Limited is a private company, limited by shares , registered in England and Wales. 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.

Going concern

The Company meets its day to day working capital requirements and the Director supplies any additional support

as required. On this basis, the Director considers it appropriate to prepare the financial statements on the going

concern basis.

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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% on reducing balance and 10% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

305

Additions

135,009

At 30 April 2018

135,314

DEPRECIATION

At 1 May 2017

90

Charge for year

25,577

At 30 April 2018

25,667

NET BOOK VALUE

At 30 April 2018

109,647

At 30 April 2017

215

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

10,000

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Other loans

229,248

-

There is a charge register (code 0953 3937 0001) in favour of Mr E J W & Mrs J M Davison, which contains a

floating charge on all assets and property or undertaking of the company. Contains negative pledge.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P M Kubinski.

The ultimate controlling party is Mr P M Kubinski.