Company Registration No. 07915238 (England and Wales)
Bristol Pub Gas Limited
Abbreviated unaudited accounts
for the year ended 31 January 2016
Bristol Pub Gas Limited
Abbreviated Balance Sheet
as at
31 January 2016
Intangible assets
2,000
4,000
Tangible assets
121,366
85,101
Cash at bank and in hand
130,358
28,104
Creditors: amounts falling due within one year
(304,744)
(179,019)
Net current liabilities
(65,330)
(49,432)
Total assets less current liabilities
58,036
39,669
Provisions for liabilities
(22,955)
(8,395)
Called up share capital
2
2
Profit and loss account
35,079
31,272
Total shareholders' funds
35,081
31,274
For the year ending 31 January 2016 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 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 8 March 2016
Robert Redmond
Director
Company Registration No. 07915238
Bristol Pub Gas Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Bristol Pub Gas Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
2
Intangible fixed assets
Goodwill
At 1 February 2015
10,000
At 31 January 2016
10,000
Charge for the year
2,000
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 February 2015
81,318
21,183
102,501
Additions
39,780
15,432
55,212
At 31 January 2016
121,098
36,615
157,713
At 1 February 2015
8,132
9,268
17,400
Charge for the year
12,110
6,837
18,947
At 31 January 2016
20,242
16,105
36,347
At 31 January 2016
100,856
20,510
121,366
At 31 January 2015
73,186
11,915
85,101
4
Share capital
2016
2015
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1