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Registration number: 06331331

Abbey Home Brew Limited
 
  Abbreviated Accounts
 
  for the Period from 1 August 2015 to 31 December 2015

 

 

Abbey Home Brew Limited
Abbreviated Balance Sheet at 31 December 2015

   

Note

    

31 December 2015
£

    

31 July 2015
£

  

Fixed assets

  

             

Intangible fixed assets

  

   

-

    

8,450

 

Tangible fixed assets

  

   

-

    

370

 
   

   

-

    

8,820

 

Current assets

  

             

Stocks

  

   

-

    

15,170

 

Debtors

  

   

-

    

103

 

Cash at bank and in hand

  

   

2

   

36,114

 
   

   

2

   

51,387

 

Creditors: Amounts falling due within one year

  

   

-

    

(47,747)

 

Net current assets

  

   

2

   

3,640

 

Net assets

  

   

2

   

12,460

 

Capital and reserves

  

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

  

   

-

    

12,458

 

Shareholders' funds

  

   

2

   

12,460

 

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

These accounts were approved by the directors and authorised for issue on 24 March 2016 and are signed on their behalf by:

.........................................
 I.D. Roe
 Director
 Company Registration Number: 06331331

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Abbey Home Brew Limited
Notes to the Abbreviated Accounts for the Period from 1 August 2015 to 31 December 2015

1

Accounting policies

Basis of preparation

The full accounts, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company ceased trading on 16 December 2015.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

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.

Negative goodwill is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same acquisition are recovered, whether through sale or depreciation.

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:

   

Goodwill

20 years straight line basis

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 economic life as follows:

   

Plant & Machinery

10 years straight line basis

Operating lease agreements

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

 

Abbey Home Brew Limited
Notes to the Abbreviated Accounts for the Period from 1 August 2015 to 31 December 2015

2

Fixed assets

   

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

                  

At 1 August 2015

  

42,250

    

3,131

    

45,381

  

Disposals

  

(42,250)

   

(3,131)

   

(45,381)

 

At 31 December 2015

  

-

    

-

    

-

  

Depreciation

                  

At 1 August 2015

  

33,800

    

2,761

    

36,561

  

Eliminated on disposals

  

(33,800)

   

(2,761)

   

(36,561)

 

At 31 December 2015

  

-

    

-

    

-

  

Net book value

                  

At 31 December 2015

  

-

    

-

    

-

  

At 31 July 2015

  

8,450

   

370

   

8,820

 

3

Share capital

Allotted, called up and fully paid shares

 

31 December 2015

31 July 2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

2

   

2

   

2

   

2

 
                         

Page 3