For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05077353
Tipsy Fruit Gins Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Chartered Accountants' Report
For the year ended 31 March 2015
Tipsy Fruit Gins Ltd
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Tipsy Fruit Gins Ltd for the year ended
31
March
2015
which comprise the Profit and Loss Account
,
|
Statement of Recognised Gains and Losses
,
the Balance Sheet and the related notes from the company
'
s
|
accounting records and from information and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Tipsy Fruit Gins Ltd
,
as a body
,
in accordance with the terms
|
of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Tipsy Fruit Gins Ltd and state those matters that we have agreed to state to the Board of Directors of Tipsy Fruit
|
Gins Ltd
,
as a body
,
in this report in accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
To the fullest
|
extent permitted by law
,
we do not accept or assume responsibility to anyone other than Tipsy Fruit Gins Ltd and its
|
Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Tipsy Fruit Gins Ltd has kept adequate accounting records to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Tipsy Fruit Gins Ltd
.
|
You consider that Tipsy Fruit Gins Ltd is exempt from the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Tipsy Fruit Gins Ltd
.
For this
|
reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Jean M Carless, Chartered Accountant
Tudor Cottage
Leamore Common
Craven Arms
Shropshire
SY7 8DN
08 December 2015
1 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Tipsy Fruit Gins Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
46,333
2,884
49,217
33,344
3,174
Charge for year
36,518
12,699
12,989
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Tipsy Fruit Gins Ltd
Allotted called up and fully paid
|
2015
2014
10
Class A shares of £
1
.
00
each
|
10
10
10
10
4 of 4