Abbreviated Company Accounts - SAMBROOK'S BREWERY LIMITED

SAMBROOK'S BREWERY LIMITED - Company Information

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Registered Number 06618299

SAMBROOK'S BREWERY LIMITED

Abbreviated Accounts

31 October 2014

SAMBROOK'S BREWERY LIMITED Registered Number 06618299

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	502,825	473,965
Investments	3	45,000	-
		547,825	473,965
Current assets
Stocks		78,855	50,766
Debtors		336,051	337,886
Cash at bank and in hand		47,478	112,443
		462,384	501,095
Prepayments and accrued income		5,408	7,770
Creditors: amounts falling due within one year		(175,810)	(231,113)
Net current assets (liabilities)		291,982	277,752
Total assets less current liabilities		839,807	751,717
Creditors: amounts falling due after more than one year		(57,068)	(9,420)
Accruals and deferred income		(120,737)	(66,790)
Total net assets (liabilities)		662,002	675,507
Capital and reserves
Called up share capital	4	233	218
Share premium account		718,955	592,971
Profit and loss account		(57,186)	82,318
Shareholders' funds		662,002	675,507

For the year ending 31 October 2014 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 23 April 2015

And signed on their behalf by:
Duncan Sambrook, Director

SAMBROOK'S BREWERY LIMITED Registered Number 06618299

Notes to the Abbreviated Accounts for the period ended 31 October 2014

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties - 20%
Plant and machinery - 7% to 20%
Fixtures, fittings and equipment - 33%
Motor vehicles - 33%
Casks - 7%

Other accounting policies
Investments:
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock:
Stock is valued at the lower of cost and net realisable value. Cost represents materials, direct labour and appropriate overheads. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

2Tangible fixed assets

	£
Cost
At 1 November 2013	719,967
Additions	154,106
Disposals	(50,545)
Revaluations	-
Transfers	-
At 31 October 2014	823,528
Depreciation
At 1 November 2013	246,002
Charge for the year	119,053
On disposals	(44,352)
At 31 October 2014	320,703
Net book values
At 31 October 2014	502,825
At 31 October 2013	473,965

3Fixed assets Investments
Fixed asset investments represent a 22.5% investment in an unlisted company.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
23,328 B Ordinary shares of £0.01 each (21,753 shares for 2013)	233	218

During the year a further 1,575 B Shares were issued and allotted at a price of £80 per share.

5Transactions with directors

Name of director receiving advance or credit:	David Steele Welsh
Description of the transaction:	Rent on occupied premises
Balance at 1 November 2013:	£ 7,400
Advances or credits made:	£ 29,600
Advances or credits repaid:	£ 29,600
Balance at 31 October 2014:	£ 7,400

On 1st December 2008, the Company entered into a lease arrangement with David Welsh, a Director of the Company for the occupation of Unit 2 Yelverton Road. The Directors consider that this lease
arrangement is on a commercial arms' length basis. The lease expired on 30th November 2014, and
amounts payable during the year totalled £29,600 and were paid during the year, of which £7,400
(2013, £7,400) remained outstanding at the year-end, and is included in trade creditors. This amount
was settled in full shortly after 31 October 2014.