Company Registration No. 04493682 (England and Wales)
BEER COUNTER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BEER COUNTER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BEER COUNTER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
82,601
22,206
Current assets
Stocks
93,154
116,272
Debtors
155,106
153,301
Cash at bank and in hand
554,639
479,283
802,899
748,856
Creditors: amounts falling due within one year
(149,378)
(153,819)
Net current assets
653,521
595,037
Total assets less current liabilities
736,122
617,243
Provisions for liabilities
(12,779)
-
723,343
617,243
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
723,243
617,143
Shareholders' funds
723,343
617,243
For the financial year ended 31 March 2016 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 22 August 2016
V Scholey
P Scholey
Director
Director
Company Registration No. 04493682
BEER COUNTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
6 - 10 years straight line
Fixtures, fittings & equipment
10 years straight line
Motor vehicles
4 years straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BEER COUNTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
68,332
Additions
70,832
Disposals
(601)
At 31 March 2016
138,563
Depreciation
At 1 April 2015
46,126
On disposals
(601)
Charge for the year
10,437
At 31 March 2016
55,962
Net book value
At 31 March 2016
82,601
At 31 March 2015
22,206
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100