TOAST ALE LTD

TOAST ALE LTD

TOAST ALE LTD - Company Information

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TOAST ALE LTD

Company Registration Number:
09926808 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

TOAST ALE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

TOAST ALE LTD

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 3,866 1,058
Total fixed assets: 3,866 1,058
Current assets
Stocks: 26,062 21,222
Debtors:   84,121 9,029
Cash at bank and in hand: 5,351 16,590
Total current assets: 115,534 46,841
Creditors: amounts falling due within one year:   (56,162) (99,577)
Net current assets (liabilities): 59,372 (52,736)
Total assets less current liabilities: 63,238 (51,678)
Creditors: amounts falling due after more than one year:   (165,788)
Total net assets (liabilities): (102,550) (51,678)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (102,650) (51,778)
Shareholders funds: (102,550) (51,678)

The notes form part of these financial statements

TOAST ALE LTD

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2018
and signed on behalf of the board by:

Name: T Stuart
Status: Director

The notes form part of these financial statements

TOAST ALE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods, excluding value added tax

Intangible fixed assets and amortisation policy

Trademarks are capitalised as intangible fixed assets at cost. Trademarks are amortised when they have been registered over their expected useful lives of 10 years

Valuation and information policy

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

Other accounting policies

Expenditure on research and development is written off in the year in which it is incurred.

TOAST ALE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Intangible Assets

Total
Cost £
At 01 January 2017 1,083
Additions 3,068
At 31 December 2017 4,151
Amortisation
At 01 January 2017 25
Charge for year 260
At 31 December 2017 285
Net book value
At 31 December 2017 3,866
At 31 December 2016 1,058