REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
BUCHANAN (1983) LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
BUCHANAN (1983) LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
|
|
|
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 | to | 3 |
|
Notes to the Abbreviated Accounts | 4 | to | 6 |
BUCHANAN (1983) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
|
|
|
|
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 3 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
4 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Revaluation reserve |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The company depends on its bank facilities to meet its day to day working capital requirements. The |
company has agreed financial arrangements to enable it to continue to meet its day to day operating |
requirements. The facilities are being reviewed on an ongoing basis. On this basis the directors |
consider it appropriate to prepare the financial statements on a going concern basis. |
|
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). |
|
Turnover |
Turnover represents income from hotel accommodation, food and drink sales and from the |
delicatessen, excluding value added tax. |
|
Tangible fixed assets |
|
|
Freehold property | - |
|
Short leasehold | - |
|
Soft furnishings | - |
|
Furniture and equipment | - |
|
Web site | - |
|
Motor vehicles | - |
|
Office equipment | - |
|
|
No depreciation is charged on freehold property on the grounds that it would be immaterial because |
the estimated residual value is not materially different from the carrying amount of the asset. |
|
The company has a policy of capitalising finance costs that are incurred in relation to the active |
development of an asset, in accordance with the Financial Reporting Standard for Smaller Entities. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
1. | ACCOUNTING POLICIES - continued |
|
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. |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 December 2015 |
|
Additions |
|
At 30 November 2016 |
|
DEPRECIATION |
At 1 December 2015 |
|
Charge for year |
|
At 30 November 2016 |
|
NET BOOK VALUE |
At 30 November 2016 |
|
At 30 November 2015 |
|
|
Fixed assets, subject to hire purchase contracts, with a cost of £16,995 and accumulated depreciation |
of £4,932 are included in the above. |
|
3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
|
The aggregate total of debtors falling due after more than one year is £
|
|
4. | CREDITORS |
|
Creditors include an amount of £
|
|
They also include the following debts falling due in more than five years: |
|
2016 | 2015 |
£ | £ |
Repayable by instalments | 868,055 | 956,951 |
BUCHANAN (1983) LIMITED (REGISTERED NUMBER: 00721349) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
|
|
5. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|