Lion Craft Brewery Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08461567

		29 June 2018		Period to 30 June 2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		22,616		26,171

			22,616		26,171
CURRENT ASSETS
Stocks		17,250		17,250
Debtors	4	19,900		14,649
Cash at bank and in hand		13,055		6,844

		50,205		38,743
Creditors: Amounts Falling Due Within One Year	5	(19,408 )		(13,017 )

NET CURRENT ASSETS (LIABILITIES)			30,797		25,726

TOTAL ASSETS LESS CURRENT LIABILITIES			53,413		51,897

Creditors: Amounts Falling Due After More Than One Year	6		(220,140 )		(220,140 )

NET ASSETS			(166,727 )		(168,243 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(166,827 )		(168,343 )

SHAREHOLDERS' FUNDS			(166,727)		(168,243)

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Balance Sheet (continued)

As at 29 June 2018

For the year ending 29 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Josh Howe

18/04/2019

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	33% Straight Line
Plant & Machinery	15% Reducing Balance

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Average Number of Employees

Average number of employees, including directors, during the period was 8 (2017: 8)

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Lion Craft Brewery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 June 2018

3. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 July 2017	16,077	42,910	58,987
Additions	-	436	436

As at 29 June 2018	16,077	43,346	59,423

Depreciation
As at 1 July 2017	16,077	16,739	32,816
Provided during the period	-	3,991	3,991

As at 29 June 2018	16,077	20,730	36,807

Net Book Value
As at 29 June 2018	-	22,616	22,616

As at 1 July 2017	-	26,171	26,171

4. Debtors

	29 June 2018	Period to 30 June 2017
	£	£
Due within one year
Trade debtors	19,468	14,140
Other debtors	432	509

	19,900	14,649

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Lion Craft Brewery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 June 2018

5. Creditors: Amounts Falling Due Within One Year

	29 June 2018	Period to 30 June 2017
	£	£
Trade creditors	2,949	3,779
Other taxes and social security	1,264	283
VAT	12,495	7,530
Accruals and deferred income	2,700	1,425

	19,408	13,017

6. Creditors: Amounts Falling Due After More Than One Year

	29 June 2018	Period to 30 June 2017
	£	£
Directors loan account	220,140	220,140

	220,140	220,140

7. Share Capital

	29 June 2018		Period to 30 June 2017
Allotted, Called up and fully paid	100		100

8. General Information

Lion Craft Brewery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08461567. The registered office is New Lion Brewery, Station Road, Totnes, Devon, TQ9 5JR.

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