Registered Number 07041373

ABIGALE BREWING COMPANY LIMITED

Abbreviated Accounts

30 April 2013

ABIGALE BREWING COMPANY LIMITED Registered Number 07041373

Abbreviated Balance Sheet as at 30 April 2013

Notes 30/04/2013 31/10/2011
£ £
Fixed assets
Tangible assets 2 - 83,235
- 83,235
Current assets
Stocks - 5,897
Debtors 385 5,251
Cash at bank and in hand 30,255 5,809
30,640 16,957
Creditors: amounts falling due within one year (27,363) (27,782)
Net current assets (liabilities) 3,277 (10,825)
Total assets less current liabilities 3,277 72,410
Creditors: amounts falling due after more than one year (98,130) (104,999)
Total net assets (liabilities) (94,853) (32,589)
Capital and reserves
Called up share capital 1 1
Profit and loss account (94,854) (32,590)
Shareholders' funds (94,853) (32,589)
  • For the year ending 30 April 2013 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.

Approved by the Board on 24 January 2014

And signed on their behalf by:
J WRAITH, Director

ABIGALE BREWING COMPANY LIMITED Registered Number 07041373

Notes to the Abbreviated Accounts for the period ended 30 April 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:


Motor vehicles - 25% reducing balance.
Equipment - 1 to 10 years straight line commencing 1 November 2010.
Property Improvements - over the period of the lease commencing 1 November 2010.

2Tangible fixed assets
£
Cost
At 1 November 2011 98,396
Additions 567
Disposals (98,963)
Revaluations 0
Transfers 0
At 30 April 2013 0
Depreciation
At 1 November 2011 15,161
Charge for the year 14,014
On disposals (29,175)
At 30 April 2013 0
Net book values
At 30 April 2013 0
At 31 October 2011 83,235

3Transactions with directors

Name of director receiving advance or credit: J WRAITH
Description of the transaction: LOan
Balance at 1 November 2011: £ 104,999
Advances or credits made: £ 0
Advances or credits repaid: £ 6,869
Balance at 30 April 2013: £ 98,130

On the closure of the company's business operations Mr J Wraith acquired the company motor vehicle for £2,500.