REGISTERED NUMBER:
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A & S DRINKS LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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REGISTERED NUMBER:
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A & S DRINKS LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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A & S DRINKS LTD (REGISTERED NUMBER: 06743250) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
A & S DRINKS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A & S DRINKS LTD (REGISTERED NUMBER: 06743250) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2014 |
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30.11.14 | 30.11.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
A & S DRINKS LTD (REGISTERED NUMBER: 06743250) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2014 |
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The financial statements were approved by the director on
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A & S DRINKS LTD (REGISTERED NUMBER: 06743250) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
At the balance sheet date the company incurred net liabilities. This is primarily due to the company having a |
bank loan and owing monies to Mr H Sohal, the director. The director has confirmed continued support for a |
minimum period of at least 12 months from the date of approving these financial statements. |
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Accordingly the director considers the use of going concern basis of accounting is appropriate as there are no |
material uncertainties related to events or conditions that may cast significant doubt about the ability of the |
company to continue as a going concern. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Long leasehold | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2013 |
and 30 November 2014 |
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AMORTISATION |
At 1 December 2013 |
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Amortisation for year |
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At 30 November 2014 |
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NET BOOK VALUE |
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At 30 November 2014 |
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At 30 November 2013 |
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A & S DRINKS LTD (REGISTERED NUMBER: 06743250) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 December 2013 |
and 30 November 2014 |
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DEPRECIATION |
At 1 December 2013 |
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Charge for year |
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At 30 November 2014 |
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NET BOOK VALUE |
At 30 November 2014 |
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At 30 November 2013 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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30.11.14 | 30.11.13 |
£ | £ |
Repayable by instalments | 26,076 | 30,852 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.14 | 30.11.13 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included within other creditors is £66,405 (2013: £68,550) owed to Mr H Sohal, the director. The amount is |
interest free with no set terms for repayment. |