Noah Beers Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC335515 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Noah Beers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms P Wetzel

REGISTERED OFFICE:

West Brewery

Templeton Building

Glasgow Green

Glasgow

G40 1AW

REGISTERED NUMBER:

SC335515 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Intangible assets

4

7,463

8,204

Tangible assets

5

675,552

783,240

683,015

791,444

CURRENT ASSETS

Stocks

36,137

24,770

Debtors

6

783,121

962,687

Cash at bank and in hand

132,107

66,870

951,365

1,054,327

CREDITORS

Amounts falling due within one year

7

483,237

605,552

NET CURRENT ASSETS

468,128

448,775

TOTAL ASSETS LESS CURRENT LIABILITIES

1,151,143

1,240,219

CREDITORS

Amounts falling due after more than one year

8

(193,139

)

(278,080

)

PROVISIONS FOR LIABILITIES

11

(102,571

)

(135,835

)

NET ASSETS

855,433

826,304

CAPITAL AND RESERVES

Called up share capital

12

200

200

Share premium

13

49,970

49,970

Revaluation reserve

13

50,000

50,000

Retained earnings

13

755,263

726,134

SHAREHOLDERS' FUNDS

855,433

826,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 September 2018 and were signed by:

Ms P Wetzel - Director

1.	STATUTORY INFORMATION

Noah Beers Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

The amortisation treatment of the 2010 goodwill is a departure from FRS 102 Section 1A which limits

the period of goodwill amortisation to a maximum of ten years. The directors consider it appropriate

to depart from the treatment in order to show a true and fair view, as they review the carrying value of

goodwill each year for impairment based on their knowledge of the business sector in which the

company operates.

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.

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% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

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 income statement in the period to which they relate.

Leasing agreements

Rentals payable under operating leases are charged in the income statement on a straight line basis

over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2016 - 62 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

14,805

AMORTISATION

At 1 January 2017

6,601

Charge for year

741

At 31 December 2017

7,342

NET BOOK VALUE

At 31 December 2017

7,463

At 31 December 2016

8,204

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

1,025,892

293,970

16,830

51,277

1,387,969

Additions

27,603

26,350

-

1,190

55,143

At 31 December 2017

1,053,495

320,320

16,830

52,467

1,443,112

DEPRECIATION

At 1 January 2017

471,460

79,666

14,082

39,521

604,729

Charge for year

103,420

52,514

2,748

4,149

162,831

At 31 December 2017

574,880

132,180

16,830

43,670

767,560

NET BOOK VALUE

At 31 December 2017

478,615

188,140

-

8,797

675,552

At 31 December 2016

554,432

214,304

2,748

11,756

783,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

195

236,780

Amounts owed by joint ventures

76,954

76,054

Amounts owed by associates

404,348

600,548

Other debtors

301,624

49,305

783,121

962,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

62,581

55,060

Trade creditors

99,391

183,477

Taxation and social security

177,277

215,263

Other creditors

143,988

151,752

483,237

605,552

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

144,748

214,880

Other creditors

48,391

63,200

193,139

278,080

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

89,230

3,388

Between one and five years

356,920

11,201

In more than five years

825,377

1,726,568

1,271,527

1,741,157

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

207,329

269,940

Bank loans are secured by a floating charge over the assets of the Company.

11.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

102,571

135,835

Deferred

tax

£

Balance at 1 January 2017

135,835

Movement in year

(33,264

)

Balance at 31 December 2017

102,571

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

20,000

Ordinary

0.01

200

200

13.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2017

726,134

49,970

50,000

826,104

Profit for the year

89,129

89,129

Dividends

(60,000

)

(60,000

)

At 31 December 2017

755,263

49,970

50,000

855,233

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

Other related parties under common control

2017

2016

£

£

Amounts due to associated companies

18,297

Amounts owed from associated companies

618,271

839,935

The above loan is unsecured, interest free and repayable on demand.

The Company's bank and other loans have been personally guaranteed by the director.

The Company's bank is the guarantor to Heidi Beers Limited in respect of its obligation under the

lease for the property.