Noah Beers Limited - Abbreviated accounts 16.3
Noah Beers Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
| FOR |
| NOAH BEERS LIMITED |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| NOAH BEERS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2015 |
| The financial statements were approved by the director on |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting Standard for |
| Smaller Entities (effective January 2015). |
| Turnover |
| The turnover shown in the profit and loss account represents the value of all goods sold during the year at selling price |
| exclusive of Value Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual |
| obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the |
| customer. |
| Goodwill |
| Goodwill arising on the acquisition of a business represents the excess of the cost of acquisition (being the cash paid and |
| the fair value of other consideration given) over the fair value of the separable net assets acquired. The fair value of the |
| acquired assets and liabilities are assessed in the year of acquisition and the subsequent year, which may impact on the |
| goodwill recognised. Goodwill is capitalised and written off on a straight line basis over its useful economic life of 20 years. |
| Provision is made for any impairment in its value. The useful economic life is the expected period over which the Company |
| expects to derive an economic benefit, and is reviewed on an annual basis. |
| Amortisation |
| Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated |
| useful economic life of that asset as follows: |
| Goodwill - 20 years straight line |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are stated at cost or valuation less depreciation. Cost represents purchase price together with any |
| incidental costs of acquisition. |
| Assets that have been revalued are subject to subsequent revaluation every three or five years, or when there are |
| indications of a significant change in the value of the revalued assets. Assets are valued on an open market value basis. |
| Revaluation surpluses are taken to the revaluation reserve. Deficits on subsequent revaluations are charged to the profit |
| and loss account if they are considered to arise as a result of the consumption of the economic benefits provided by the |
| asset. Other deficits on revaluation are charged to the revaluation reserve up to the amount of the associated revaluation |
| surplus. Any excess deficits are charges to the profit and loss account. |
| Where an asset that was previously revalued is disposed of, its book value is eliminated and an appropriate transfer is |
| made from the revaluation reserve to the profit and loss reserve. |
| An amount equal to excess of the annual depreciation charge on revalued assets over the notional historical cost |
| depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. Cost represents purchase price. |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 1. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase assets |
| Assets are capitalised in the balance sheet at their fair value and are depreciated over their useful lives. |
| The interest element of the repayment are charged in the profit and loss account over the period of the agreement. |
| Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease |
| term. |
| 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 the profit and loss account in the period to which they relate. |
| 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 year 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. |
| 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. |
| Research and development |
| Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development |
| expenditure is written off in the same way unless the director is satisfied as to the technical, commercial and financial |
| viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the |
| Company is expected to benefit. |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| AMORTISATION |
| At 1 January 2015 |
| Amortisation for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Debtors includes £258,749 (2013 - £234,279) falling due after more than one year. |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 18,552 | 59,917 |
| NOAH BEERS LIMITED (REGISTERED NUMBER: SC335515) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £0.01 |
| 7. | ULTIMATE PARENT COMPANY |