Registered number
05417133
Howard Town Brewery Ltd
Abbreviated Accounts
30 April 2016
Howard Town Brewery Ltd
Report to the directors on the preparation of the unaudited abbreviated accounts of Howard Town Brewery Ltd for the year ended 30 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Howard Town Brewery Ltd for the year ended 30 April 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
J & AW Sully (Clevedon) Ltd
Certified Accountants
Paramount House
2 Concorde Drive
Clevedon
North Somerset
BS21 6UH
11 January 2017
Howard Town Brewery Ltd
Registered number: 05417133
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 51,400 20,046
Current assets
Stocks 6,102 3,446
Debtors 17,920 30,804
Cash at bank and in hand 4,652 9,018
28,674 43,268
Creditors: amounts falling due within one year (64,138) (61,954)
Net current liabilities (35,464) (18,686)
Net assets 15,936 1,360
Capital and reserves
Called up share capital 3 80 80
Profit and loss account 15,856 1,280
Shareholders' funds 15,936 1,360
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
E.J. Swann
Director
Approved by the board on 11 January 2017
Howard Town Brewery Ltd
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 May 2015 52,178
Additions 44,345
At 30 April 2016 96,523
Depreciation
At 1 May 2015 32,132
Charge for the year 12,991
At 30 April 2016 45,123
Net book value
At 30 April 2016 51,400
At 30 April 2015 20,046
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 80 80 80
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