Howard Town Brewery Limited - Limited company - abbreviated

REGISTERED NUMBER: 05417133 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

HOWARD TOWN BREWERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E.J. Swann

S.J. Swann

SECRETARY:

E.J. Swann

REGISTERED OFFICE:

Hawkshead Mill

Hope Street

Glossop

Derbyshire

SK13 7SS

REGISTERED NUMBER:

05417133 (England and Wales)

ACCOUNTANTS:

Crossfields

Chartered Accountants

85/87 High Street West

Glossop

Derbyshire

SK13 8AZ

FIXED ASSETS

Tangible assets

2

5,974

7,521

CURRENT ASSETS

Stocks

5,899

6,513

Debtors

26,354

43,849

Cash at bank

8,482

2,907

40,735

53,269

CREDITORS

Amounts falling due within one year

15,295

16,651

NET CURRENT ASSETS

25,440

36,618

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,414

44,139

PROVISIONS FOR LIABILITIES

-

386

NET ASSETS

31,414

43,753

CAPITAL AND RESERVES

Called up share capital

3

80

Profit and loss account

31,334

43,673

SHAREHOLDERS' FUNDS

31,414

43,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 January 2015 and were signed on its behalf by:

S.J. Swann - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

33,774

DEPRECIATION

At 1 May 2013

26,253

Charge for year

1,547

At 30 April 2014

27,800

NET BOOK VALUE

At 30 April 2014

5,974

At 30 April 2013

7,521

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

80

Ordinary

£1

80