Heidi Beers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC357823 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

HEIDI BEERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms P M Wetzel

REGISTERED OFFICE:

c/o WEST Brewery

Suite 204 Templeton Business Centre

Binnie Place

Glasgow

G40 1AW

REGISTERED NUMBER:

SC357823 (Scotland)

ACCOUNTANTS:

Consilium Chartered Accountants

169 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

2

86,575

58,036

CURRENT ASSETS

Stocks

85,888

8,262

Debtors

435,491

450,258

Cash at bank and in hand

135,189

39,397

656,568

497,917

CREDITORS

Amounts falling due within one year

460,736

305,412

NET CURRENT ASSETS

195,832

192,505

TOTAL ASSETS LESS CURRENT LIABILITIES

282,407

250,541

CREDITORS

Amounts falling due after more than one year

(258,749

)

(234,279

)

PROVISIONS FOR LIABILITIES

(17,315

)

(11,607

)

NET ASSETS

6,343

4,655

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

6,342

4,654

SHAREHOLDERS' FUNDS

6,343

4,655

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 September 2015 and were signed by:

Ms P M Wetzel - 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).

Exemption from preparing a cash flow statement

The Company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008) and is consequently

exempt from the requirement to include a cash flow statement in the financial statements.

Turnover

The turnover shown in the profit and loss account represents the value of all goods sold during the year, less returns

received, at selling price exclusive of 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% reducing balance and 10% on reducing balance

Computer equipment

-

20% straight line

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs

of acquisition.

Stocks

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

items.

Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its present

location and condition.

Deferred tax

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

date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to

pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be

suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax

assets and liabilities recognised have not been discounted.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,

according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at

principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the

outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated

financial instrument.

If a financial instrument contains both an equity and a liability element, then the liability element is first established with

any residual value being disclosed within equity shareholders' funds. The liability element is the present value of the future

payments guaranteed to be made to the holders of the financial instrument.

Foreign currencies

Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the dates of the

transactions, or at an average rate for the period if the rates do not fluctuate significantly. Monetary assets and liabilities

are translated at year end exchange rates or, where appropriate, at rates of exchange fixed under the terms of the relevant

transaction. The resulting exchange rate differences are charged to the profit and loss account.

Hire purchase and leasing commitments

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor,

are charged against profits on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

69,236

Additions

44,551

At 31 December 2014

113,787

DEPRECIATION

At 1 January 2014

11,200

Charge for year

16,012

At 31 December 2014

27,212

NET BOOK VALUE

At 31 December 2014

86,575

At 31 December 2013

58,036

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Heidi Beers Holdings Limited is regarded by the director as being the Company's ultimate parent company.