Year Ended
Company Registration Number:
Trewellard Meadery Limited
Contents
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Trewellard Meadery Limited
Abbreviated Balance Sheet
31 May 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Trewellard Meadery Limited
Abbreviated Balance Sheet
31 May 2016
......... continued
Approved by the director on
Mrs D Williams
Director
Company Registration Number: 07655302
2
Trewellard Meadery Limited
Notes to the Abbreviated Accounts
Year Ended
31 May 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Stock
Trewellard Meadery Limited
Notes to the Abbreviated Accounts
Year Ended
31 May 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2015 |
160,000 |
16,404 |
176,404 |
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Additions |
- |
1,644 |
1,644 |
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At 31 May 2016 |
160,000 |
18,048 |
178,048 |
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Depreciation |
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At 1 June 2015 |
64,000 |
4,515 |
68,515 |
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Charge for the year |
16,000 |
1,354 |
17,354 |
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At 31 May 2016 |
80,000 |
5,869 |
85,869 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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