Pentrich Brewing Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09892513 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Pentrich Brewing Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Cummings

J Noble

REGISTERED OFFICE:

Unit B

Asher Lane Business Park

Pentrich

Ripley

Derbyshire

DE5 3RE

REGISTERED NUMBER:

09892513 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

667

780

Tangible assets

5

31,419

39,002

32,086

39,782

CURRENT ASSETS

Stocks

6,731

3,907

Debtors

6

18,413

13,828

Cash at bank

7,949

-

33,093

17,735

CREDITORS

Amounts falling due within one year

7

28,713

36,548

NET CURRENT ASSETS/(LIABILITIES)

4,380

(18,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,466

20,969

CAPITAL AND RESERVES

Called up share capital

150

150

Share premium

59,850

59,850

Retained earnings

(23,534

)

(39,031

)

36,466

20,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 18 October 2019 and were signed on its behalf by:

J Noble - Director

1.	STATUTORY INFORMATION

Pentrich Brewing Company Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

the year in which the goods are provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised over a period of 10 years.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% to 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and net estimated selling price less selling costs. In determining

the cost, the weighted average purchase price is used.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2018

and 31 March 2019

1,000

AMORTISATION

At 1 April 2018

220

Amortisation for year

113

At 31 March 2019

333

NET BOOK VALUE

At 31 March 2019

667

At 31 March 2018

780

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2018

8,350

45,682

2,234

900

57,166

Additions

-

-

260

-

260

At 31 March 2019

8,350

45,682

2,494

900

57,426

DEPRECIATION

At 1 April 2018

3,097

14,050

811

206

18,164

Charge for year

1,051

6,325

293

174

7,843

At 31 March 2019

4,148

20,375

1,104

380

26,007

NET BOOK VALUE

At 31 March 2019

4,202

25,307

1,390

520

31,419

At 31 March 2018

5,253

31,632

1,423

694

39,002

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

14,021

9,744

Other debtors

2,160

2,160

Prepayments

2,232

1,924

18,413

13,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

386

Trade creditors

8,000

10,816

Social security and other taxes

8,048

4,977

Other creditors

96

11,000

Accrued expenses

12,569

9,369

28,713

36,548