Framework Brewery Limited |
Registered Number:10240811 |
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
Framework Brewery Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Framework Brewery Limited
Statement of Financial Position
2017
2018
Property, plant and equipment |
47,472
46,393
2
47,472
46,393
-
5,000
3
Trade and other receivables |
6,636
17,499
4
1,968
Cash and cash equivalents |
618
23,117
8,604
Trade and other payables: amounts falling due within one |
year |
(15,872)
(26,372)
5
(7,268)
(3,255)
Net current liabilities
Total assets less current liabilities |
44,217
39,125
Trade and other payables: amounts falling due after more |
than one year |
(10,036)
(19,093)
6
25,124
Net assets
29,089
62,747
47,060
2,940
2,940
(40,563)
(20,911)
25,124
29,089
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2018
Framework Brewery Limited
Statement of Financial Position Continued
Mr Michael Martin Willis Director |
These financial statements were approved and authorised for issue by the Board on 12 November 2018 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2018
Framework Brewery Limited
Notes to the Financial Statements
Statutory Information
Framework Brewery Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 10240811. |
The Old City Depot, 72-74
Friday Street
Leicester
England
LE1 3BW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the |
revaluation of certain assets. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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For the year ended 31 March 2018
Framework Brewery Limited
Notes to the Financial Statements Continued
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other |
Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts |
presented in |
the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is |
an |
intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price |
including transaction costs and are subsequently carried at amortised cost using the effective interest method |
unless |
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of |
the |
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year |
are |
Classification of Financial Liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements |
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the |
company |
after deducting all of its liabilities. |
Basic Financial Liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference |
shares |
that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a |
financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade |
creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business |
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If |
not, |
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and |
subsequently measured at amortised cost using the effective interest method. |
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For the year ended 31 March 2018
Framework Brewery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
48,833
42,179
6,654
11,836
8,881
2,955
9,609
51,060
60,669
Provision for depreciation and impairment |
2,440
2,108
332
Charge for year
10,757
8,902
1,855
13,197
11,010
2,187
7,422
40,050
47,472
6,322
40,071
46,393
2017
2018
5,000
-
4. Trade and other receivables |
2017
2018
13,141
6,636
4,358
-
6,636
17,499
5. Trade and other payables: amounts falling due within one year |
2017
2018
3,869
3,903
Taxation and social security |
5,042
434
17,461
11,535
26,372
15,872
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For the year ended 31 March 2018
Framework Brewery Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2017
2018
19,093
10,036
7. Directors advances and guarantees |
Included within creditors due within one year are amounts due to directors of £2,217 which are interest free and |
repayable on demand and £13,735 which are repayable by instalments and bear interest at 5% per annum. |
Included within creditors due after more than one year are amounts due to directors of £19,093 which are |
repayable by instalments and bear interest at 5% per annum. |
8. Average number of persons employed |
During the year the average number of employees was 6 (2017 : 5)
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